International Private Wealth Advisors LLC Trims Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

International Private Wealth Advisors LLC cut its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.2% during the third quarter, HoldingsChannel reports. The firm owned 8,787 shares of the business services provider’s stock after selling 388 shares during the period. International Private Wealth Advisors LLC’s holdings in Interpublic Group of Companies were worth $278,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in shares of Interpublic Group of Companies by 571.7% in the second quarter. Millennium Management LLC now owns 1,466,376 shares of the business services provider’s stock valued at $42,657,000 after purchasing an additional 1,248,062 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of 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 acquiring an additional 899,332 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Interpublic Group of Companies by 101.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,690,523 shares of the business services provider’s stock worth $55,162,000 after acquiring an additional 853,287 shares in the last quarter. Dimensional Fund Advisors LP increased its position 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 during the period. Finally, Swedbank AB purchased a new stake in shares of Interpublic Group of Companies in the 1st quarter worth approximately $20,493,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG traded down $0.09 during midday trading on Thursday, hitting $29.20. The stock had a trading volume of 455,506 shares, compared to its average volume of 3,897,343. 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 stock has a 50 day simple moving average of $30.74 and a 200-day simple moving average of $30.63. The company has a market capitalization of $10.88 billion, a PE ratio of 13.82 and a beta of 1.10. The Interpublic Group of Companies, Inc. has a 1 year low of $28.00 and a 1 year high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last released its 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 business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.70 earnings per share. On average, 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 business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is 62.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IPG shares. Wells Fargo & Company restated an “underweight” rating and set a $26.00 price objective (down from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. StockNews.com raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. 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 research note on Thursday, September 5th. Morgan Stanley lowered Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $34.00 to $28.00 in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Four investment 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’s stock. According to data from MarketBeat, Interpublic Group of Companies has a consensus rating of “Hold” and a consensus target price 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.