Capital Advisors Inc. OK Has $17.94 Million Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Capital Advisors Inc. OK lessened its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 640,415 shares of the business services provider's stock after selling 9,536 shares during the period. Capital Advisors Inc. OK owned about 0.17% of Interpublic Group of Companies worth $17,944,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in Interpublic Group of Companies during the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new position in Interpublic Group of Companies during the 3rd quarter valued at about $32,000. Brooklyn Investment Group purchased a new position in Interpublic Group of Companies during the 3rd quarter valued at about $60,000. Trust Co. of Vermont grew its stake in Interpublic Group of Companies by 250.0% during the 3rd quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider's stock valued at $66,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in Interpublic Group of Companies by 31.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 2,356 shares of the business services provider's stock valued at $75,000 after acquiring an additional 568 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Analysts Set New Price Targets

IPG has been the topic of several research analyst reports. UBS Group raised Interpublic Group of Companies from a "sell" rating to a "neutral" rating and lowered their target price for the company from $29.00 to $27.00 in a research note on Thursday. Macquarie reissued a "neutral" rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. raised Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $32.00 to $39.00 in a research note on Monday, January 27th. BNP Paribas raised Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 price target for the company in a research note on Friday, January 10th. Finally, StockNews.com assumed coverage on Interpublic Group of Companies in a research note on Thursday. They issued a "hold" rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $33.50.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock traded up $0.12 during trading hours on Friday, reaching $27.08. 5,974,636 shares of the company were exchanged, compared to its average volume of 4,899,489. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 12.77 and a beta of 1.11. 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 stock has a 50-day moving average of $28.35 and a 200 day moving average of $29.88. The Interpublic Group of Companies, Inc. has a 12 month low of $26.30 and a 12 month high of $35.17.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.15 by ($0.04). Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. As a group, research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current year.

Interpublic Group of Companies declared that its Board of Directors has approved a share repurchase program on Wednesday, February 12th that allows the company to buyback $155.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.87%. Interpublic Group of Companies's dividend payout ratio (DPR) is presently 62.26%.

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.