Mutual of America Capital Management LLC Decreases Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Mutual of America Capital Management LLC lowered its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,244 shares of the business services provider’s stock after selling 1,353 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Interpublic Group of Companies were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of IPG. Dimensional Fund Advisors LP lifted its stake in Interpublic Group of Companies by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock worth $199,063,000 after acquiring an additional 828,150 shares during the last quarter. Ariel Investments LLC lifted its position in shares of 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 worth $166,117,000 after purchasing an additional 193,898 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Interpublic Group of Companies by 4.8% during the second quarter. American Century Companies Inc. now owns 5,604,984 shares of the business services provider’s stock worth $163,049,000 after purchasing an additional 255,250 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Interpublic Group of Companies by 19.8% in the second 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 buying an additional 899,332 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Interpublic Group of Companies by 7.4% in the third quarter. Principal Financial Group Inc. now owns 2,277,771 shares of the business services provider’s stock valued at $72,041,000 after buying an additional 157,695 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

IPG stock opened at $30.69 on Tuesday. The business has a 50 day simple moving average of $30.36 and a 200-day simple moving average of $30.51. The company has a market capitalization of $11.43 billion, a P/E ratio of 14.48 and a beta of 1.10. The Interpublic Group of Companies, Inc. has a twelve month low of $26.88 and a twelve month high of $35.17. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. Interpublic Group of Companies’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS. As a group, equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.30%. The ex-dividend date is Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company reaffirmed an “underweight” rating and set a $26.00 price target (down from $28.00) on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. UBS Group lowered shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their price target for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Finally, Bank of America lowered their target price on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.57.

Interpublic Group of Companies Company 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.