Centiva Capital LP Has $1.22 Million Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Centiva Capital LP trimmed its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 82.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,492 shares of the business services provider's stock after selling 180,049 shares during the period. Centiva Capital LP's holdings in Interpublic Group of Companies were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC grew its stake in shares of Interpublic Group of Companies by 571.7% during the second quarter. Millennium Management LLC now owns 1,466,376 shares of the business services provider's stock valued at $42,657,000 after acquiring an additional 1,248,062 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Interpublic Group of Companies by 19.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider's stock valued at $158,157,000 after acquiring an additional 899,332 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Interpublic Group of Companies by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider's stock worth $199,063,000 after purchasing an additional 828,150 shares during the period. Squarepoint Ops LLC increased its stake in Interpublic Group of Companies by 168.3% during the second quarter. Squarepoint Ops LLC now owns 831,434 shares of the business services provider's stock valued at $24,186,000 after purchasing an additional 521,546 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Interpublic Group of Companies by 177.3% during the third quarter. SG Americas Securities LLC now owns 705,703 shares of the business services provider's stock worth $22,321,000 after purchasing an additional 451,205 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IPG shares. Macquarie reaffirmed a "neutral" rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. UBS Group cut Interpublic Group of Companies from a "neutral" rating to a "sell" rating and lowered their target price for the company from $34.00 to $29.00 in a research report on Thursday, September 12th. Bank of America decreased their target price on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. Barclays dropped their price target on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 23rd. Finally, BNP Paribas lowered shares of Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a research note on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $30.57.

Interpublic Group of Companies Stock Performance

Shares of NYSE IPG traded up $0.23 during mid-day trading on Thursday, hitting $29.47. The company had a trading volume of 6,270,330 shares, compared to its average volume of 4,044,801. The business's 50-day simple moving average is $30.23 and its 200-day simple moving average is $30.45. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The Interpublic Group of Companies, Inc. has a 12 month low of $26.88 and a 12 month high of $35.17. The firm has a market cap of $10.98 billion, a P/E ratio of 13.79 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting analysts' consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the company posted $0.70 earnings per share. Interpublic Group of Companies's revenue was down 2.9% on a year-over-year basis. As a group, analysts predict that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 dividend on an annualized basis and a yield of 4.48%. Interpublic Group of Companies's payout ratio is currently 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.