Goelzer Investment Management Inc. Has $5.95 Million Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Goelzer Investment Management Inc. cut its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 212,451 shares of the business services provider’s stock after selling 5,742 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Interpublic Group of Companies were worth $5,953,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IPG. Pacer Advisors Inc. grew its holdings in Interpublic Group of Companies by 4.5% in the 2nd quarter. Pacer Advisors Inc. now owns 27,319 shares of the business services provider’s stock valued at $795,000 after buying an additional 1,188 shares in the last quarter. Profund Advisors LLC grew its stake in shares of Interpublic Group of Companies by 16.3% in the second quarter. Profund Advisors LLC now owns 12,279 shares of the business services provider’s stock valued at $357,000 after acquiring an additional 1,720 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Interpublic Group of Companies by 4.5% in the second quarter. ProShare Advisors LLC now owns 70,307 shares of the business services provider’s stock valued at $2,045,000 after acquiring an additional 3,015 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $38,000 after purchasing an additional 405 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in Interpublic Group of Companies by 65.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 14,471 shares of the business services provider’s stock valued at $421,000 after purchasing an additional 5,724 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IPG shares. Macquarie reiterated a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Friday, January 10th. Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $32.00 to $36.00 in a report on Friday. JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $33.00.

Interpublic Group of Companies Trading Up 1.0 %

NYSE IPG opened at $28.55 on Friday. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 13.47 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a twelve month low of $26.30 and a twelve month high of $35.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The business’s fifty day moving average is $28.73 and its 200 day moving average is $30.03.

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 for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share. As a group, sell-side analysts expect that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend was Monday, December 2nd. Interpublic Group of Companies’s payout ratio is 62.26%.

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.