The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by SageView Advisory Group LLC

SageView Advisory Group LLC lessened its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 13.6% during the third quarter, HoldingsChannel.com reports. The firm owned 8,689 shares of the business services provider’s stock after selling 1,369 shares during the period. SageView Advisory Group LLC’s holdings in Interpublic Group of Companies were worth $275,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IPG. Benjamin Edwards Inc. raised its stake in Interpublic Group of Companies by 73.8% during 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 in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Interpublic Group of Companies during the 3rd quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. lifted its stake in Interpublic Group of Companies by 652.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock worth $30,000 after purchasing an additional 900 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Interpublic Group of Companies in the second quarter worth $32,000. Finally, Ashton Thomas Securities LLC bought a new stake in Interpublic Group of Companies during the third quarter valued at $32,000. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

Shares of NYSE IPG opened at $29.26 on Friday. The Interpublic Group of Companies, Inc. has a 12-month low of $26.88 and a 12-month high of $35.17. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The company has a market cap of $10.90 billion, a PE ratio of 13.80 and a beta of 1.10. The stock has a 50 day simple moving average of $30.15 and a 200-day simple moving average of $30.41.

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 the consensus estimate of $0.70. The company had revenue of $2.24 billion during 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 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 business posted $0.70 earnings per share. On average, equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.51%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 62.26%.

Analyst Upgrades and Downgrades

IPG has been the topic of a number of recent research reports. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. UBS Group cut shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and cut their target price for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $26.00 target price (down from $28.00) on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. BNP Paribas downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Finally, Macquarie restated a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Interpublic Group of Companies currently has a consensus rating of “Hold” and an average 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.