The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 6.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,133 shares of the business services provider’s stock after selling 866 shares during the period. Orion Portfolio Solutions LLC’s holdings in Interpublic Group of Companies were worth $384,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IPG. Catalyst Capital Advisors LLC purchased a new stake in shares of Interpublic Group of Companies in the 3rd quarter valued at approximately $26,000. Benjamin Edwards Inc. increased its holdings in Interpublic Group of Companies by 73.8% in the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after buying an additional 375 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Interpublic Group of Companies in the third quarter valued at $32,000. Hazlett Burt & Watson Inc. lifted its holdings in Interpublic Group of Companies by 652.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock worth $30,000 after buying an additional 900 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Interpublic Group of Companies during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Down 0.3 %

Shares of Interpublic Group of Companies stock opened at $29.07 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $10.83 billion, a P/E ratio of 13.71 and a beta of 1.10. The Interpublic Group of Companies, Inc. has a 1 year low of $26.88 and a 1 year high of $35.17. The company’s fifty day moving average is $29.96 and its two-hundred day moving average is $30.33.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.70 earnings per share. Analysts forecast that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Wall Street Analyst Weigh In

IPG has been the topic of several research analyst reports. StockNews.com assumed coverage on Interpublic Group of Companies in a research report on Thursday. They set a “hold” rating on the stock. Bank of America cut their price objective on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Barclays lowered their target price on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. Finally, Macquarie restated a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Interpublic Group of Companies currently has an average rating of “Hold” and a consensus price target of $31.71.

About Interpublic Group of Companies

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.