Vanguard Personalized Indexing Management LLC Reduces Position in Interpublic Group of Companies, Inc. (The) $IPG

Vanguard Personalized Indexing Management LLC decreased its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 14.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,895 shares of the business services provider’s stock after selling 5,740 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Interpublic Group of Companies were worth $805,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IPG. State of Alaska Department of Revenue lifted its stake in shares of Interpublic Group of Companies by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 43,655 shares of the business services provider’s stock valued at $1,185,000 after buying an additional 1,170 shares in the last quarter. Avior Wealth Management LLC lifted its stake in shares of Interpublic Group of Companies by 350.7% during the 1st quarter. Avior Wealth Management LLC now owns 8,798 shares of the business services provider’s stock valued at $239,000 after buying an additional 6,846 shares in the last quarter. Nilsine Partners LLC purchased a new position in shares of Interpublic Group of Companies during the 1st quarter valued at $276,000. Asset Management One Co. Ltd. lifted its stake in shares of Interpublic Group of Companies by 2.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 153,830 shares of the business services provider’s stock valued at $4,178,000 after buying an additional 3,547 shares in the last quarter. Finally, Moran Wealth Management LLC lifted its stake in shares of Interpublic Group of Companies by 26.2% during the 1st quarter. Moran Wealth Management LLC now owns 178,973 shares of the business services provider’s stock valued at $4,861,000 after buying an additional 37,168 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group lowered their target price on shares of 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. Weiss Ratings restated a “hold (c)” rating on shares of Interpublic Group of Companies in a research note on Wednesday, October 8th. Zacks Research cut shares of Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. decreased their price target on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Finally, Barclays boosted their price target on shares of Interpublic Group of Companies from $27.50 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.09.

Interpublic Group of Companies Trading Up 0.9%

IPG opened at $26.64 on Tuesday. The firm has a market cap of $9.76 billion, a P/E ratio of 22.57 and a beta of 1.09. Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05. 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 of $26.51 and a 200 day moving average of $25.19.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate 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 return on equity of 28.72% and a net margin of 4.27%.The firm’s revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. As a group, research analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $0.33 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.32 annualized dividend and a yield of 5.0%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 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.