Handelsinvest Investeringsforvaltning Has $372,000 Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Handelsinvest Investeringsforvaltning trimmed its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 34.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,412 shares of the business services provider’s stock after selling 5,925 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Interpublic Group of Companies were worth $372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Interpublic Group of Companies by 85.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 229,511 shares of the business services provider’s stock valued at $7,491,000 after purchasing an additional 105,858 shares during the period. BNP Paribas Financial Markets grew its stake in Interpublic Group of Companies by 54.3% during the fourth quarter. BNP Paribas Financial Markets now owns 860,103 shares of the business services provider’s stock worth $28,074,000 after purchasing an additional 302,664 shares during the period. Cowen AND Company LLC bought a new stake in Interpublic Group of Companies in the fourth quarter worth approximately $871,000. Alaska Permanent Fund Corp lifted its stake in Interpublic Group of Companies by 305.6% in the first quarter. Alaska Permanent Fund Corp now owns 54,129 shares of the business services provider’s stock valued at $1,766,000 after buying an additional 40,785 shares during the period. Finally, Norges Bank bought a new position in shares of Interpublic Group of Companies during the 4th quarter worth approximately $32,620,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Up 0.7 %

Shares of NYSE:IPG opened at $28.77 on Thursday. The company has a market capitalization of $10.86 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 3.04 and a beta of 1.12. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.06 and a quick ratio of 1.06. The business has a fifty day moving average price of $30.54 and a two-hundred day moving average price of $31.62. The Interpublic Group of Companies, Inc. has a 1 year low of $27.20 and a 1 year high of $40.90.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.18 billion. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 EPS. Analysts forecast 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 business also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were paid a $0.33 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $1.32 annualized dividend and a yield of 4.59%. Interpublic Group of Companies’s dividend payout ratio is currently 46.98%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on IPG shares. Bank of America lowered their price objective on shares of Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, June 25th. Wells Fargo & Company dropped their price objective 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 assigned a buy rating to the stock. Based on data from MarketBeat, 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.