Teachers Retirement System of The State of Kentucky Lowers Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Teachers Retirement System of The State of Kentucky lowered its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 5.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,272 shares of the business services provider’s stock after selling 1,789 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Interpublic Group of Companies were worth $1,086,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Interpublic Group of Companies in the fourth quarter worth $29,000. Voisard Asset Management Group Inc. acquired a new position in Interpublic Group of Companies during the 4th quarter worth $31,000. Tobam increased its holdings in Interpublic Group of Companies by 2,340.0% during the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock worth $36,000 after purchasing an additional 1,053 shares during the period. MCF Advisors LLC acquired a new stake in Interpublic Group of Companies in the 4th quarter valued at about $43,000. Finally, Assetmark Inc. boosted its stake in shares of Interpublic Group of Companies by 27.5% in the 4th quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock valued at $56,000 after buying an additional 368 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wells Fargo & Company reduced their target price on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.13.

Interpublic Group of Companies Stock Performance

Shares of IPG opened at $29.46 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75. The Interpublic Group of Companies, Inc. has a 52-week low of $27.20 and a 52-week high of $40.90. The stock has a 50 day moving average price of $30.83 and a 200 day moving average price of $31.78. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 2.68 and a beta of 1.13.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the business posted $0.38 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts predict that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date was Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 46.98%.

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.