Yousif Capital Management LLC Cuts Position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Yousif Capital Management LLC decreased its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,048 shares of the business services provider’s stock after selling 503 shares during the period. Yousif Capital Management LLC’s holdings in Interpublic Group of Companies were worth $1,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of IPG. Allworth Financial LP grew its stake in shares of Interpublic Group of Companies by 75.8% in the fourth quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock worth $31,000 after acquiring an additional 480 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of Interpublic Group of Companies in the first quarter worth $31,000. OFI Invest Asset Management acquired a new position in shares of Interpublic Group of Companies during the fourth quarter worth $36,000. Raiffeisen Bank International AG acquired a new position in shares of Interpublic Group of Companies during the fourth quarter worth $42,000. Finally, GeoWealth Management LLC grew its stake in shares of Interpublic Group of Companies by 20.7% during the fourth quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider’s stock worth $94,000 after purchasing an additional 573 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

IPG has been the subject of a number of analyst reports. Citigroup reiterated a “buy” rating and set a $35.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, April 15th. Argus downgraded shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Wall Street Zen started coverage on shares of Interpublic Group of Companies in a research note on Tuesday, May 20th. They set a “hold” rating for the company. Finally, Barclays decreased their price objective on shares of Interpublic Group of Companies from $36.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.44.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG opened at $23.01 on Wednesday. The company has a 50-day simple moving average of $24.33 and a 200-day simple moving average of $26.45. Interpublic Group of Companies, Inc. has a one year low of $22.51 and a one year high of $33.05. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 17.57 and a beta of 1.06.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Thursday, April 24th. The business services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Interpublic Group of Companies had a net margin of 4.69% and a return on equity of 27.21%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the company earned $0.36 earnings per share. The business’s revenue was down 6.9% compared to the same quarter last year. On average, analysts predict that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.32 annualized dividend and a yield of 5.74%. Interpublic Group of Companies’s dividend payout ratio is currently 100.76%.

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.