Intech Investment Management LLC Sells 145,399 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Intech Investment Management LLC decreased its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 62.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,009 shares of the business services provider’s stock after selling 145,399 shares during the quarter. Intech Investment Management LLC’s holdings in Interpublic Group of Companies were worth $2,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in Interpublic Group of Companies by 12.1% in the 1st quarter. Bank of New York Mellon Corp now owns 14,096,675 shares of the business services provider’s stock worth $459,975,000 after buying an additional 1,516,975 shares during the last quarter. First Trust Advisors LP lifted its position in Interpublic Group of Companies by 12.7% in the 4th quarter. First Trust Advisors LP now owns 6,922,608 shares of the business services provider’s stock worth $225,954,000 after buying an additional 777,456 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Interpublic Group of Companies by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,150,371 shares of the business services provider’s stock worth $168,119,000 after purchasing an additional 141,828 shares during the period. Fiduciary Management Inc. WI increased its stake in Interpublic Group of Companies by 4.2% in the 4th quarter. Fiduciary Management Inc. WI now owns 3,797,972 shares of the business services provider’s stock worth $123,966,000 after purchasing an additional 153,857 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Interpublic Group of Companies by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 2,078,137 shares of the business services provider’s stock worth $67,810,000 after purchasing an additional 13,438 shares during the period. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on IPG. Bank of America decreased their price target on 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. Wells Fargo & Company decreased their price target on 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. Finally, JPMorgan Chase & Co. decreased their price target on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Interpublic Group of Companies presently has an average rating of “Hold” and an average price target of $34.88.

Interpublic Group of Companies Trading Down 1.4 %

Shares of NYSE:IPG traded down $0.41 on Friday, hitting $29.65. The company had a trading volume of 3,018,116 shares, compared to its average volume of 4,639,509. The firm’s 50-day simple moving average is $30.13 and its two-hundred day simple moving average is $31.32. The Interpublic Group of Companies, Inc. has a 1 year low of $27.20 and a 1 year high of $38.12. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 3.15 and a beta of 1.12.

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

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.32 dividend on an annualized basis and a yield of 4.45%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 46.98%.

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.