Edgestream Partners L.P. Sells 82,154 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Edgestream Partners L.P. trimmed its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 91.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,448 shares of the business services provider’s stock after selling 82,154 shares during the quarter. Edgestream Partners L.P.’s holdings in Interpublic Group of Companies were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Voisard Asset Management Group Inc. bought a new stake in shares of Interpublic Group of Companies in the fourth quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. grew its position in Interpublic Group of Companies by 652.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 900 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Interpublic Group of Companies during the 2nd quarter valued at about $32,000. Headlands Technologies LLC bought a new stake in Interpublic Group of Companies during the first quarter valued at approximately $42,000. Finally, Salomon & Ludwin LLC grew its position in Interpublic Group of Companies by 2,024.6% during the first quarter. Salomon & Ludwin LLC now owns 1,296 shares of the business services provider’s stock valued at $42,000 after buying an additional 1,235 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IPG has been the topic of a number of recent research reports. Bank of America decreased their price target on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Macquarie lowered their price target on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Barclays reduced their price target on shares of Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. JPMorgan Chase & Co. cut their price objective on shares of Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Finally, UBS Group cut shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.00.

Interpublic Group of Companies Trading Up 0.6 %

NYSE IPG opened at $31.30 on Tuesday. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 5.17 and a beta of 1.10. The Interpublic Group of Companies, Inc. has a 12 month low of $27.20 and a 12 month high of $35.17. The company’s fifty day moving average price is $31.05 and its two-hundred day moving average price is $30.93. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the firm posted $0.74 EPS. Interpublic Group of Companies’s revenue was up 1.6% compared to the same quarter last year. As a group, research analysts predict that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 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.