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

Atria Investments Inc decreased its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 11.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 14,049 shares of the business services provider’s stock after selling 1,810 shares during the period. Atria Investments Inc’s holdings in Interpublic Group of Companies were worth $444,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Interpublic Group of Companies during the third quarter valued at $26,000. Benjamin Edwards Inc. boosted its stake in shares of Interpublic Group of Companies by 73.8% during the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 375 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Interpublic Group of Companies by 652.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 900 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Interpublic Group of Companies during the second quarter valued at $32,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Interpublic Group of Companies by 52.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 405 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on IPG shares. UBS Group lowered Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Barclays reduced their target price on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Macquarie reiterated a “neutral” rating and set a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Finally, StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.57.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock opened at $28.38 on Thursday. The stock’s 50-day moving average is $30.48 and its 200-day moving average is $30.55. The company has a market cap of $10.57 billion, a price-to-earnings ratio of 13.39 and a beta of 1.10. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The Interpublic Group of Companies, Inc. has a 12 month low of $26.88 and a 12 month high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.70 EPS. Equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.65%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 62.26%.

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.