International Private Wealth Advisors LLC Sells 388 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

International Private Wealth Advisors LLC lowered its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 reporting period.

Other large investors have also added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in shares of Interpublic Group of Companies by 571.7% during the 2nd 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 in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Interpublic Group of Companies by 19.8% in the 2nd 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 purchasing an additional 899,332 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Interpublic Group of Companies by 101.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,690,523 shares of the business services provider’s stock worth $55,162,000 after purchasing an additional 853,287 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 828,150 shares in the last quarter. Finally, Swedbank AB purchased a new position in Interpublic Group of Companies during the first quarter valued at $20,493,000. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

IPG traded down $0.09 during midday trading on Thursday, hitting $29.20. 455,506 shares of the company traded hands, compared to its average volume of 3,897,343. The company’s 50-day moving average is $30.74 and its 200 day moving average is $30.63. 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 firm 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 52 week low of $28.00 and a 52 week high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting 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 quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. On average, research analysts expect that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.33 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.52%. Interpublic Group of Companies’s dividend payout ratio is currently 62.26%.

Analysts Set New Price Targets

Several research analysts recently issued reports 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 note on Tuesday, October 22nd. Barclays cut their price target on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Bank of America cut their target price on 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. Finally, StockNews.com upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Interpublic Group of Companies currently has an average rating of “Hold” and a consensus target price of $30.57.

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.