The Interpublic Group of Companies, Inc. (NYSE:IPG) Holdings Lowered by ING Groep NV

ING Groep NV cut its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,577 shares of the business services provider’s stock after selling 2,655 shares during the period. ING Groep NV’s holdings in Interpublic Group of Companies were worth $1,333,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp boosted its stake in Interpublic Group of Companies by 15.1% during the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after purchasing an additional 3,920,975 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Interpublic Group of Companies by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock valued at $393,064,000 after buying an additional 270,857 shares during the period. Geode Capital Management LLC boosted its stake in Interpublic Group of Companies by 0.9% during the third quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock valued at $298,107,000 after buying an additional 81,265 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Interpublic Group of Companies by 25,637.0% during the fourth quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider’s stock worth $207,439,000 after acquiring an additional 7,374,491 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Interpublic Group of Companies by 10.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,402,349 shares of the business services provider’s stock worth $139,246,000 after acquiring an additional 417,741 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG opened at $27.08 on Monday. The company’s fifty day moving average is $28.03 and its two-hundred day moving average is $29.72. The company has a market cap of $10.09 billion, a P/E ratio of 14.80 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a 12-month low of $26.30 and a 12-month high of $35.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.04). Interpublic Group of Companies had a net margin of 6.45% and a return on equity of 27.10%. Equities analysts expect that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies declared that its board has authorized a stock buyback plan on Wednesday, February 12th that authorizes the company to repurchase $155.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Monday, March 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is 72.13%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IPG. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, January 10th. Argus cut shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. StockNews.com started coverage on shares of Interpublic Group of Companies in a research report on Friday. They issued a “hold” rating on the stock. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $32.00 to $39.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.50.

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.