Interpublic Group of Companies, Inc. (The) $IPG Shares Sold by Stephens Inc. AR

Stephens Inc. AR cut its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 5.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,379 shares of the business services provider’s stock after selling 887 shares during the period. Stephens Inc. AR’s holdings in Interpublic Group of Companies were worth $401,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Brooklyn Investment Group increased its holdings 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 valued at $64,000 after purchasing an additional 391 shares during the period. Private Wealth Asset Management LLC increased its holdings in shares of Interpublic Group of Companies by 10.9% in the second quarter. Private Wealth Asset Management LLC now owns 4,060 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 400 shares during the period. My Legacy Advisors LLC boosted its stake in shares of Interpublic Group of Companies by 2.5% in the second quarter. My Legacy Advisors LLC now owns 17,393 shares of the business services provider’s stock worth $435,000 after buying an additional 431 shares during the last quarter. Lynx Investment Advisory boosted its stake in shares of Interpublic Group of Companies by 4.1% in the second quarter. Lynx Investment Advisory now owns 11,429 shares of the business services provider’s stock worth $280,000 after buying an additional 452 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake in shares of Interpublic Group of Companies by 0.9% in the second quarter. Yousif Capital Management LLC now owns 51,519 shares of the business services provider’s stock worth $1,261,000 after buying an additional 471 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on IPG shares. Barclays upped their target price on 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. UBS Group lowered 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. lowered their target price on 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. Zacks Research downgraded Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Wall Street Zen upgraded Interpublic Group of Companies to a “hold” rating in a research note on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Interpublic Group of Companies has an average rating of “Hold” and a consensus target price of $32.27.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $27.04 on Friday. The company has a market cap of $9.90 billion, a PE ratio of 22.91 and a beta of 1.09. The stock’s 50 day simple moving average is $26.63 and its 200-day simple moving average is $25.30. Interpublic Group of Companies, Inc. has a 1-year low of $22.51 and a 1-year high of $33.05. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Tuesday, September 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) 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.