Oak Thistle LLC Sells 19,324 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Oak Thistle LLC reduced its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 71.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,800 shares of the business services provider’s stock after selling 19,324 shares during the quarter. Oak Thistle LLC’s holdings in Interpublic Group of Companies were worth $255,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Diversified Trust Co lifted its stake in shares of Interpublic Group of Companies by 17.1% during the 1st quarter. Diversified Trust Co now owns 109,048 shares of the business services provider’s stock valued at $3,558,000 after buying an additional 15,947 shares in the last quarter. AMF Tjanstepension AB lifted its stake in shares of Interpublic Group of Companies by 2.2% during the 1st quarter. AMF Tjanstepension AB now owns 148,658 shares of the business services provider’s stock valued at $4,851,000 after buying an additional 3,250 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Interpublic Group of Companies during the 1st quarter valued at approximately $211,000. 180 Wealth Advisors LLC purchased a new stake in shares of Interpublic Group of Companies during the 1st quarter valued at approximately $211,000. Finally, Signet Financial Management LLC lifted its stake in shares of Interpublic Group of Companies by 2.0% during the 1st quarter. Signet Financial Management LLC now owns 20,550 shares of the business services provider’s stock valued at $671,000 after buying an additional 395 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies Price Performance

Shares of Interpublic Group of Companies stock traded down $1.01 on Monday, hitting $28.08. 4,420,342 shares of the company traded hands, compared to its average volume of 3,901,701. The firm’s 50-day simple moving average is $30.64 and its 200 day simple moving average is $31.67. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The company has a market cap of $10.60 billion, a P/E ratio of 9.99, a P/E/G ratio of 3.09 and a beta of 1.12. The Interpublic Group of Companies, Inc. has a 12-month low of $27.20 and a 12-month high of $40.90.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. Analysts expect that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.70%. The ex-dividend date was Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 46.98%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Bank of America lowered their target price on shares of Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies has a consensus rating of “Hold” and a consensus price target of $35.00.

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.