Signaturefd LLC Sells 1,081 Shares of Interpublic Group of Companies, Inc. (The) $IPG

Signaturefd LLC lessened its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 26.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,997 shares of the business services provider’s stock after selling 1,081 shares during the period. Signaturefd LLC’s holdings in Interpublic Group of Companies were worth $73,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FNY Investment Advisers LLC bought a new position in shares of Interpublic Group of Companies in the first quarter worth approximately $44,000. Grove Bank & Trust grew its stake in Interpublic Group of Companies by 1,219.5% in the 1st quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider’s stock worth $59,000 after buying an additional 2,000 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of Interpublic Group of Companies by 20.0% in the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock worth $64,000 after buying an additional 391 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of Interpublic Group of Companies during the 1st quarter valued at $102,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Interpublic Group of Companies by 18.7% during the 1st quarter. Richardson Financial Services Inc. now owns 4,136 shares of the business services provider’s stock worth $112,000 after acquiring an additional 651 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Up 0.9%

Shares of NYSE:IPG opened at $26.51 on Monday. The stock’s 50-day moving average is $26.11 and its 200 day moving average is $25.14. The company has a market cap of $9.71 billion, a PE ratio of 22.46 and a beta of 1.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. Interpublic Group of Companies, Inc. has a 1 year low of $22.51 and a 1 year high of $33.05.

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

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Interpublic Group of Companies’s payout ratio is presently 111.86%.

Analyst Ratings Changes

A number of research analysts recently commented on IPG shares. UBS Group reduced their target price on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price objective on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. Wall Street Zen raised Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interpublic Group of Companies in a research note on Saturday, September 27th. Finally, Barclays cut shares of Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $34.00 to $27.50 in a research report on Wednesday, June 25th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Interpublic Group of Companies has a consensus rating of “Hold” and an average price target of $32.01.

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.