The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,244 shares of the business services provider’s stock after selling 1,353 shares during the period. Mutual of America Capital Management LLC’s holdings in Interpublic Group of Companies were worth $1,463,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IPG. Boston Trust Walden Corp increased its holdings in Interpublic Group of Companies by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider’s stock worth $34,532,000 after acquiring an additional 34,965 shares in the last quarter. Tidal Investments LLC raised its position in shares of Interpublic Group of Companies by 68.0% during the 1st quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider’s stock worth $3,949,000 after purchasing an additional 48,996 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Interpublic Group of Companies by 176.5% during the 2nd quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider’s stock worth $7,403,000 after purchasing an additional 162,468 shares during the last quarter. Andra AP fonden lifted its stake in Interpublic Group of Companies by 16.2% in the 2nd quarter. Andra AP fonden now owns 532,100 shares of the business services provider’s stock valued at $15,479,000 after buying an additional 74,200 shares in the last quarter. Finally, M&G Plc acquired a new stake in Interpublic Group of Companies in the 2nd quarter worth about $605,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Trading Up 3.8 %

Shares of IPG stock opened at $30.69 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The Interpublic Group of Companies, Inc. has a twelve month low of $26.88 and a twelve month high of $35.17. The company’s 50-day moving average price is $30.36 and its 200-day moving average price is $30.51. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 14.48 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting the consensus estimate of $0.70. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. Interpublic Group of Companies’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS. As a group, equities analysts predict 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 will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 4.30%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 62.26%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IPG shares. Barclays reduced their target price on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Macquarie reissued a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. BNP Paribas cut shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Monday, September 30th. StockNews.com upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, UBS Group lowered shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.