Vanguard Personalized Indexing Management LLC Has $1.13 Million Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Vanguard Personalized Indexing Management LLC lowered its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 10.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,744 shares of the business services provider’s stock after selling 4,443 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Interpublic Group of Companies were worth $1,127,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. boosted 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 worth $30,000 after buying an additional 900 shares during the period. Voisard Asset Management Group Inc. bought a new stake in shares of Interpublic Group of Companies in the fourth quarter worth $31,000. International Assets Investment Management LLC acquired a new stake in Interpublic Group of Companies in the second quarter valued at $32,000. Quest Partners LLC bought a new position in Interpublic Group of Companies during the 2nd quarter worth $39,000. Finally, Salomon & Ludwin LLC lifted its holdings in Interpublic Group of Companies by 2,024.6% during the 1st quarter. Salomon & Ludwin LLC now owns 1,296 shares of the business services provider’s stock worth $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.

Interpublic Group of Companies Trading Up 0.6 %

Shares of Interpublic Group of Companies stock opened at $31.30 on Tuesday. The stock has a market capitalization of $11.81 billion, a PE 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 52 week low of $27.20 and a 52 week high of $35.17. The stock has a 50 day moving average price of $31.05 and a two-hundred day moving average price of $30.93. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. As a group, equities analysts anticipate 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 company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.33 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a dividend yield of 4.22%. Interpublic Group of Companies’s dividend payout ratio is currently 46.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Barclays lowered 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 report on Thursday, July 25th. Morgan Stanley lowered shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $34.00 to $28.00 in a research note on Monday, July 22nd. UBS Group downgraded shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $34.00 to $29.00 in a research note on Thursday, September 12th. Finally, Bank of America cut 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 report on Thursday, September 5th. Two investment 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $33.00.

Interpublic Group of Companies Company 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.