Public Employees Retirement System of Ohio Sells 6,816 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Public Employees Retirement System of Ohio reduced its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 136,829 shares of the business services provider’s stock after selling 6,816 shares during the period. Public Employees Retirement System of Ohio’s holdings in Interpublic Group of Companies were worth $4,328,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Catalyst Capital Advisors LLC bought a new stake in shares of Interpublic Group of Companies during the third quarter worth $26,000. Benjamin Edwards Inc. increased its stake in Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after buying an additional 375 shares during the period. Ashton Thomas Securities LLC bought a new stake in Interpublic Group of Companies during the 3rd quarter valued at about $32,000. Hazlett Burt & Watson Inc. lifted its holdings 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 valued at $30,000 after buying an additional 900 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Interpublic Group of Companies in the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IPG. Macquarie reaffirmed a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $26.00 to $34.00 in a report on Tuesday, December 10th. Bank of America lowered their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, September 5th. StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Interpublic Group of Companies has an average rating of “Hold” and a consensus price target of $31.71.

Interpublic Group of Companies Trading Up 0.4 %

IPG opened at $29.89 on Friday. 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 firm has a market cap of $11.13 billion, a price-to-earnings ratio of 14.10 and a beta of 1.10. The Interpublic Group of Companies, Inc. has a 12 month low of $26.88 and a 12 month high of $35.17. The stock has a fifty day moving average price of $30.05 and a 200-day moving average price of $30.37.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the company posted $0.70 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company 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 $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 4.42%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 62.26%.

About Interpublic Group of Companies

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.