Transform Wealth LLC Lowers Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Transform Wealth LLC cut its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,612 shares of the business services provider’s stock after selling 504 shares during the period. Transform Wealth LLC’s holdings in Interpublic Group of Companies were worth $465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in IPG. Pacer Advisors Inc. lifted its stake in Interpublic Group of Companies by 4.5% in the second quarter. Pacer Advisors Inc. now owns 27,319 shares of the business services provider’s stock valued at $795,000 after buying an additional 1,188 shares during the last quarter. Ensign Peak Advisors Inc increased its position in Interpublic Group of Companies by 4.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 167,945 shares of the business services provider’s stock worth $4,886,000 after purchasing an additional 6,425 shares during the period. Profund Advisors LLC raised its stake in shares of Interpublic Group of Companies by 16.3% during the 2nd quarter. Profund Advisors LLC now owns 12,279 shares of the business services provider’s stock worth $357,000 after buying an additional 1,720 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Interpublic Group of Companies by 4.5% in the 2nd quarter. ProShare Advisors LLC now owns 70,307 shares of the business services provider’s stock valued at $2,045,000 after buying an additional 3,015 shares during the period. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Interpublic Group of Companies in the second quarter valued at approximately $371,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on IPG. Macquarie restated 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. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Barclays decreased their price target on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Finally, StockNews.com assumed coverage on Interpublic Group of Companies in a research note on Monday. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Interpublic Group of Companies has an average rating of “Hold” and a consensus price target of $32.50.

Interpublic Group of Companies Trading Up 1.4 %

Shares of Interpublic Group of Companies stock opened at $28.22 on Wednesday. The business has a 50 day moving average price of $28.79 and a 200 day moving average price of $30.05. The company has a market capitalization of $10.51 billion, a P/E ratio of 13.31 and a beta of 1.11. 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 1 year low of $26.30 and a 1 year high of $35.17.

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 for the quarter, hitting analysts’ consensus estimates of $0.70. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 earnings per share. Sell-side analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.68%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 62.26%.

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.