Goldman Sachs Group Inc. Sells 401,720 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Goldman Sachs Group Inc. lessened its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,110,831 shares of the business services provider’s stock after selling 401,720 shares during the period. Goldman Sachs Group Inc. owned 1.33% of Interpublic Group of Companies worth $166,818,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Belpointe Asset Management LLC bought a new stake in shares of Interpublic Group of Companies during the 4th quarter valued at $273,000. KBC Group NV boosted its holdings in shares of Interpublic Group of Companies by 101.9% during the 4th quarter. KBC Group NV now owns 1,068,063 shares of the business services provider’s stock valued at $34,862,000 after buying an additional 538,935 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Interpublic Group of Companies by 3.8% in the 4th quarter. California State Teachers Retirement System now owns 631,104 shares of the business services provider’s stock worth $20,599,000 after purchasing an additional 23,297 shares during the last quarter. Lcnb Corp raised its position in shares of Interpublic Group of Companies by 7.2% in the 4th quarter. Lcnb Corp now owns 11,058 shares of the business services provider’s stock worth $361,000 after purchasing an additional 746 shares during the last quarter. Finally, TFO Wealth Partners LLC raised its position in shares of Interpublic Group of Companies by 13,944.4% in the 4th quarter. TFO Wealth Partners LLC now owns 2,528 shares of the business services provider’s stock worth $83,000 after purchasing an additional 2,510 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG opened at $30.72 on Friday. 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 business has a 50-day simple moving average of $31.18 and a two-hundred day simple moving average of $31.83. 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 firm has a market cap of $11.59 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 2.81 and a beta of 1.13.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last issued its earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm earned $0.38 EPS. Interpublic Group of Companies’s revenue was down 1.0% on a year-over-year basis. On average, analysts expect that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.98%.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on Interpublic Group of Companies

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.

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

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