The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Creative Planning

Creative Planning reduced its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,553 shares of the business services provider’s stock after selling 2,285 shares during the period. Creative Planning’s holdings in Interpublic Group of Companies were worth $2,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Interpublic Group of Companies by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock worth $199,063,000 after acquiring an additional 828,150 shares during the period. Ariel Investments LLC grew its holdings in shares of Interpublic Group of Companies by 3.5% during the second quarter. Ariel Investments LLC now owns 5,710,448 shares of the business services provider’s stock worth $166,117,000 after buying an additional 193,898 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Interpublic Group of Companies by 4.8% during the second quarter. American Century Companies Inc. now owns 5,604,984 shares of the business services provider’s stock worth $163,049,000 after buying an additional 255,250 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Interpublic Group of Companies by 19.8% during the second quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider’s stock worth $158,157,000 after buying an additional 899,332 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Interpublic Group of Companies by 2.0% during the second quarter. Principal Financial Group Inc. now owns 2,120,076 shares of the business services provider’s stock worth $61,672,000 after buying an additional 41,939 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Price Performance

Interpublic Group of Companies stock opened at $29.80 on Friday. The company has a market cap of $11.19 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 4.97 and a beta of 1.09. 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 one year low of $27.54 and a one year high of $35.17. The business has a fifty day moving average of $31.33 and a two-hundred day moving average of $30.73.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.51% and a net margin of 7.44%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.70 EPS. As a group, analysts predict that The Interpublic Group of Companies, Inc. will post 2.83 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend was Tuesday, September 3rd. Interpublic Group of Companies’s payout ratio is 62.26%.

Analysts Set New Price Targets

IPG has been the subject of a number of research reports. StockNews.com lowered shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a report on Wednesday. Macquarie reaffirmed a “neutral” rating and set a $31.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Barclays dropped their target price on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. Finally, UBS Group cut shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their target price for the company from $34.00 to $29.00 in a research report on Thursday, September 12th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.57.

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.