The Interpublic Group of Companies, Inc. (NYSE:IPG) Holdings Cut by Weaver C. Barksdale & Associates Inc.

Weaver C. Barksdale & Associates Inc. reduced its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,210 shares of the business services provider’s stock after selling 767 shares during the period. Weaver C. Barksdale & Associates Inc.’s holdings in Interpublic Group of Companies were worth $1,490,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets increased its position in Interpublic Group of Companies by 15.0% in the 1st quarter. BNP Paribas Financial Markets now owns 989,318 shares of the business services provider’s stock worth $32,281,000 after purchasing an additional 129,215 shares during the last quarter. Norges Bank acquired a new position in Interpublic Group of Companies in the fourth quarter worth approximately $32,620,000. Alaska Permanent Fund Corp increased its holdings in Interpublic Group of Companies by 305.6% in the first quarter. Alaska Permanent Fund Corp now owns 54,129 shares of the business services provider’s stock worth $1,766,000 after buying an additional 40,785 shares during the last quarter. Boston Trust Walden Corp raised its position in Interpublic Group of Companies by 3.0% during the second quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider’s stock valued at $34,532,000 after acquiring an additional 34,965 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in Interpublic Group of Companies by 68.0% in the first quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider’s stock valued at $3,949,000 after acquiring an additional 48,996 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. 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 on the stock in a research report on Thursday, September 5th. Morgan Stanley cut Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $34.00 to $28.00 in a research report on Monday, July 22nd. UBS Group lowered Interpublic Group of Companies from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $34.00 to $29.00 in a report on Thursday, September 12th. Finally, Barclays reduced their target price on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies presently has an average rating of “Hold” and a consensus price target of $33.00.

Interpublic Group of Companies Price Performance

NYSE IPG opened at $31.49 on Friday. The stock has a 50-day simple moving average of $30.98 and a 200 day simple moving average of $30.96. The Interpublic Group of Companies, Inc. has a twelve month low of $27.20 and a twelve month high of $35.17. The stock has a market capitalization of $11.89 billion, a PE ratio of 11.21, a P/E/G ratio of 5.17 and a beta of 1.10. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.33 billion. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. Research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.33 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a yield of 4.19%. Interpublic Group of Companies’s dividend payout ratio is 46.98%.

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.