Interpublic Group of Companies, Inc. (The) $IPG Stock Holdings Lowered by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,689 shares of the business services provider’s stock after selling 4,887 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Interpublic Group of Companies were worth $1,337,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IPG. Sentry Investment Management LLC acquired a new stake in Interpublic Group of Companies in the 1st quarter valued at approximately $31,000. FNY Investment Advisers LLC bought a new position in shares of Interpublic Group of Companies in the first quarter worth $44,000. Grove Bank & Trust grew its stake in shares of Interpublic Group of Companies by 1,219.5% in the first quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider’s stock worth $59,000 after purchasing an additional 2,000 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Interpublic Group of Companies by 20.0% in the first quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock worth $64,000 after purchasing an additional 391 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Interpublic Group of Companies in the first quarter worth $102,000. Institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

IPG has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Interpublic Group of Companies to a “hold” rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. decreased their price objective on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. UBS Group decreased their price objective on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Finally, Barclays lowered Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $34.00 to $27.50 in a research note on Wednesday, June 25th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Interpublic Group of Companies presently has an average rating of “Hold” and an average price target of $32.01.

Interpublic Group of Companies Stock Performance

IPG stock opened at $27.93 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $10.23 billion, a P/E ratio of 23.67 and a beta of 1.09. The firm has a 50 day simple moving average of $26.10 and a 200 day simple moving average of $25.15. Interpublic Group of Companies, Inc. has a 52 week low of $22.51 and a 52 week high of $33.05.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.20. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.15 billion. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. Research analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 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.