US Bancorp DE Trims Stock Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

US Bancorp DE lessened its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,025 shares of the business services provider’s stock after selling 3,905 shares during the period. US Bancorp DE’s holdings in Interpublic Group of Companies were worth $980,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Interpublic Group of Companies by 85.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 229,511 shares of the business services provider’s stock valued at $7,491,000 after acquiring an additional 105,858 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Interpublic Group of Companies by 54.3% in the 4th quarter. BNP Paribas Financial Markets now owns 860,103 shares of the business services provider’s stock valued at $28,074,000 after buying an additional 302,664 shares in the last quarter. Cowen AND Company LLC purchased a new position in shares of Interpublic Group of Companies during the fourth quarter worth about $871,000. Norges Bank purchased a new position in Interpublic Group of Companies during the 4th quarter worth approximately $32,620,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Interpublic Group of Companies during the fourth quarter worth approximately $3,291,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

IPG has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. JPMorgan Chase & Co. lowered their price objective on shares of Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $35.13.

Read Our Latest Stock Analysis on Interpublic Group of Companies

Interpublic Group of Companies Stock Down 1.2 %

Shares of NYSE:IPG opened at $31.00 on Tuesday. The Interpublic Group of Companies, Inc. has a 12-month low of $27.20 and a 12-month high of $40.95. The stock’s 50-day moving average price is $31.31 and its two-hundred day moving average price is $31.84. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 2.87 and a beta of 1.13.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.18 billion. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. Interpublic Group of Companies’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 earnings per share. On average, research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Interpublic Group of Companies Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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