Swedbank AB Has $940,000 Holdings in Interpublic Group of Companies, Inc. (The) $IPG

Swedbank AB lessened its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 94.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,392 shares of the business services provider’s stock after selling 642,074 shares during the quarter. Swedbank AB’s holdings in Interpublic Group of Companies were worth $940,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IPG. Goldman Sachs Group Inc. raised its stake in Interpublic Group of Companies by 49.0% in the first quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider’s stock valued at $231,138,000 after purchasing an additional 2,797,490 shares in the last quarter. Pentwater Capital Management LP increased its stake in shares of Interpublic Group of Companies by 568.6% in the first quarter. Pentwater Capital Management LP now owns 2,340,000 shares of the business services provider’s stock valued at $63,554,000 after buying an additional 1,990,000 shares during the period. Calamos Advisors LLC acquired a new position in shares of Interpublic Group of Companies in the first quarter valued at approximately $46,172,000. Alliancebernstein L.P. boosted its holdings in Interpublic Group of Companies by 149.0% in the first quarter. Alliancebernstein L.P. now owns 2,631,682 shares of the business services provider’s stock valued at $71,476,000 after acquiring an additional 1,574,777 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Interpublic Group of Companies by 1,475.5% in the first quarter. Jane Street Group LLC now owns 1,328,121 shares of the business services provider’s stock valued at $36,072,000 after acquiring an additional 1,243,823 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on IPG shares. Barclays cut Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $34.00 to $27.50 in a report on Wednesday, June 25th. Wall Street Zen upgraded Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. UBS Group lowered their price target on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lowered their price target on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Interpublic Group of Companies has an average rating of “Hold” and an average price target of $32.01.

Interpublic Group of Companies Stock Performance

Shares of IPG opened at $25.53 on Tuesday. The company has a market cap of $9.35 billion, a PE ratio of 21.64 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average price of $25.86 and a 200-day moving average price of $25.15. Interpublic Group of Companies, Inc. has a 12-month low of $22.51 and a 12-month high of $33.05.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.20. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%.Interpublic Group of Companies’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.61 EPS. As a group, equities analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Interpublic Group of Companies’s payout ratio is 111.86%.

About Interpublic Group of Companies

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.