Intech Investment Management LLC Has $1.47 Million Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Intech Investment Management LLC lowered its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 42.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,372 shares of the business services provider’s stock after selling 37,637 shares during the period. Intech Investment Management LLC’s holdings in Interpublic Group of Companies were worth $1,465,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MQS Management LLC raised its position in shares of Interpublic Group of Companies by 101.4% in the 2nd quarter. MQS Management LLC now owns 32,874 shares of the business services provider’s stock valued at $956,000 after buying an additional 16,548 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Interpublic Group of Companies by 21.0% during the second quarter. Hsbc Holdings PLC now owns 1,039,627 shares of the business services provider’s stock worth $30,237,000 after purchasing an additional 180,757 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Interpublic Group of Companies by 47.8% in the 2nd quarter. Amalgamated Bank now owns 117,726 shares of the business services provider’s stock valued at $3,425,000 after purchasing an additional 38,079 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of Interpublic Group of Companies by 106.3% in the 2nd quarter. Quantbot Technologies LP now owns 248,650 shares of the business services provider’s stock valued at $7,233,000 after purchasing an additional 128,123 shares during the last quarter. Finally, Sierra Summit Advisors LLC raised its holdings in shares of Interpublic Group of Companies by 12.5% during the 2nd quarter. Sierra Summit Advisors LLC now owns 14,217 shares of the business services provider’s stock worth $414,000 after buying an additional 1,580 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

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

Interpublic Group of Companies Stock Performance

NYSE:IPG opened at $31.22 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07. The Interpublic Group of Companies, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $35.17. The company has a 50 day simple moving average of $31.06 and a two-hundred day simple moving average of $30.93. The company has a market capitalization of $11.78 billion, a PE ratio of 11.11, a P/E/G ratio of 5.17 and a beta of 1.10.

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 for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.33 billion. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. Interpublic Group of Companies’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share. Research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a dividend yield of 4.23%. Interpublic Group of Companies’s payout ratio is 46.98%.

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.