The Interpublic Group of Companies, Inc. (NYSE:IPG) Holdings Decreased by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. cut its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,084 shares of the business services provider’s stock after selling 5,140 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Interpublic Group of Companies were worth $4,802,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Voisard Asset Management Group Inc. acquired a new stake in shares of Interpublic Group of Companies during the 4th quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in Interpublic Group of Companies in the second quarter worth $32,000. Salomon & Ludwin LLC lifted its stake in Interpublic Group of Companies by 2,024.6% in the first quarter. Salomon & Ludwin LLC now owns 1,296 shares of the business services provider’s stock valued at $42,000 after buying an additional 1,235 shares during the last quarter. Headlands Technologies LLC bought a new stake in Interpublic Group of Companies in the first quarter valued at $42,000. Finally, AM Squared Ltd acquired a new position in shares of Interpublic Group of Companies during the second quarter valued at $55,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Barclays lowered their price target on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Morgan Stanley lowered shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $34.00 to $28.00 in a research report on Monday, July 22nd. Macquarie reduced their price target on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Finally, Bank of America lowered their price objective on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $33.88.

Interpublic Group of Companies Trading Down 1.2 %

Interpublic Group of Companies stock traded down $0.37 during midday trading on Friday, reaching $31.09. The stock had a trading volume of 3,114,293 shares, compared to its average volume of 3,897,896. The Interpublic Group of Companies, Inc. has a twelve month low of $27.20 and a twelve month high of $35.17. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 3.44 and a beta of 1.10. The firm’s fifty day simple moving average is $30.53 and its two-hundred day simple moving average is $31.01.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.02. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.33 billion. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 EPS. Equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 4.25%. Interpublic Group of Companies’s payout ratio is 46.98%.

Interpublic Group of Companies 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.