Hennion & Walsh Asset Management Inc. Sells 579 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Hennion & Walsh Asset Management Inc. decreased its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,609 shares of the business services provider’s stock after selling 579 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Interpublic Group of Companies were worth $705,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IPG. Turtle Creek Wealth Advisors LLC bought a new position in shares of Interpublic Group of Companies during the fourth quarter valued at $29,000. Voisard Asset Management Group Inc. bought a new position in Interpublic Group of Companies during the 4th quarter valued at about $31,000. Tobam boosted its holdings in shares of 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 valued at $36,000 after acquiring an additional 1,053 shares during the last quarter. MCF Advisors LLC bought a new stake in shares of Interpublic Group of Companies in the fourth quarter worth approximately $43,000. Finally, Assetmark Inc. raised its holdings in shares of Interpublic Group of Companies by 27.5% during the fourth quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 368 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies Price Performance

NYSE IPG opened at $28.57 on Wednesday. The business’s fifty day moving average is $30.59 and its 200 day moving average is $31.64. The Interpublic Group of Companies, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $40.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $10.78 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 3.09 and a beta of 1.12.

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

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.62%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Wall Street Analysts Forecast Growth

IPG has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, April 25th. Bank of America reduced their price objective on Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, June 25th. Five 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 presently has a consensus rating of “Hold” and an average target price of $35.00.

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.