The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 11.4% in the third quarter, Holdings Channel.com reports. The firm owned 14,049 shares of the business services provider’s stock after selling 1,810 shares during the period. Atria Investments Inc’s holdings in Interpublic Group of Companies were worth $444,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Interpublic Group of Companies by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock valued at $199,063,000 after purchasing an additional 828,150 shares in the last quarter. Ariel Investments LLC grew its stake in Interpublic Group of Companies by 3.5% during the 2nd quarter. Ariel Investments LLC now owns 5,710,448 shares of the business services provider’s stock valued at $166,117,000 after purchasing an additional 193,898 shares in the last quarter. American Century Companies Inc. grew its stake in Interpublic Group of Companies by 4.8% during the 2nd quarter. American Century Companies Inc. now owns 5,604,984 shares of the business services provider’s stock valued at $163,049,000 after purchasing an additional 255,250 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Interpublic Group of Companies by 19.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider’s stock valued at $158,157,000 after purchasing an additional 899,332 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Interpublic Group of Companies by 7.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,277,771 shares of the business services provider’s stock valued at $72,041,000 after purchasing an additional 157,695 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 2.6 %

NYSE:IPG opened at $28.38 on Thursday. The Interpublic Group of Companies, Inc. has a 12-month low of $26.88 and a 12-month high of $35.17. The firm has a market capitalization of $10.57 billion, a P/E ratio of 13.39 and a beta of 1.10. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50 day simple moving average of $30.48 and a 200 day simple moving average of $30.55.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm posted $0.70 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts predict that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies’s payout ratio is currently 62.26%.

Wall Street Analyst Weigh In

IPG has been the subject of several research reports. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. Wells Fargo & Company reiterated an “underweight” rating and issued a $26.00 target price (down previously from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. UBS Group lowered Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Macquarie reiterated a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Finally, Bank of America decreased their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus price target of $30.57.

Interpublic Group of Companies Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.