Advisory Services Network LLC Sells 3,328 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Advisory Services Network LLC lowered its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 28.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,527 shares of the business services provider’s stock after selling 3,328 shares during the period. Advisory Services Network LLC’s holdings in Interpublic Group of Companies were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in IPG. Black Creek Investment Management Inc. increased its stake in Interpublic Group of Companies by 14.1% during the 3rd quarter. Black Creek Investment Management Inc. now owns 9,722,563 shares of the business services provider’s stock worth $278,649,000 after acquiring an additional 1,204,630 shares during the period. Norges Bank bought a new position in Interpublic Group of Companies during the 4th quarter worth $32,620,000. American Century Companies Inc. increased its stake in Interpublic Group of Companies by 24.6% during the 3rd quarter. American Century Companies Inc. now owns 4,635,459 shares of the business services provider’s stock worth $132,852,000 after acquiring an additional 916,574 shares during the period. Qube Research & Technologies Ltd increased its stake in Interpublic Group of Companies by 212.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 827,224 shares of the business services provider’s stock worth $23,708,000 after acquiring an additional 562,823 shares during the period. Finally, Gradient Investments LLC increased its stake in Interpublic Group of Companies by 1,439,200.0% during the 4th quarter. Gradient Investments LLC now owns 503,755 shares of the business services provider’s stock worth $16,443,000 after acquiring an additional 503,720 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 1.1 %

Shares of IPG stock opened at $31.01 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.06. The Interpublic Group of Companies, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $40.95. The company has a market cap of $11.70 billion, a PE ratio of 11.04, a P/E/G ratio of 2.87 and a beta of 1.13. The stock’s fifty day moving average price is $31.29 and its two-hundred day moving average price is $31.84.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the business posted $0.38 EPS. Interpublic Group of Companies’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities analysts predict that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

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

Analyst Ratings Changes

IPG has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on 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. Wells Fargo & Company lowered their price objective on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Hold” and an average target price of $35.13.

View Our Latest Analysis on IPG

Interpublic Group of Companies 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.

Featured Articles

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

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.