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Crossmark Global Holdings Inc. Sells 23,542 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Interpublic Group of Companies logo with Business Services background

Crossmark Global Holdings Inc. lowered its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 320,545 shares of the business services provider's stock after selling 23,542 shares during the period. Crossmark Global Holdings Inc. owned 0.09% of Interpublic Group of Companies worth $8,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp grew its stake in Interpublic Group of Companies by 15.1% in the third quarter. State Street Corp now owns 29,844,859 shares of the business services provider's stock valued at $943,993,000 after purchasing an additional 3,920,975 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Interpublic Group of Companies by 240.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider's stock worth $913,000 after buying an additional 20,395 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Interpublic Group of Companies by 2,679.9% during the 3rd quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider's stock worth $965,000 after acquiring an additional 29,425 shares in the last quarter. ING Groep NV purchased a new stake in Interpublic Group of Companies during the third quarter valued at approximately $1,589,000. Finally, Bridgewater Associates LP boosted its stake in Interpublic Group of Companies by 956.5% in the third quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider's stock valued at $3,313,000 after acquiring an additional 94,821 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wells Fargo & Company raised 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 research report on Tuesday, December 10th. Macquarie restated 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. BNP Paribas upgraded shares of Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 target price for the company in a research note on Friday, January 10th. StockNews.com initiated coverage on shares of Interpublic Group of Companies in a research note on Monday. They set a "hold" rating on the stock. Finally, Barclays lowered their price objective on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of "Hold" and an average price target of $32.50.

Read Our Latest Report on IPG

Interpublic Group of Companies Stock Performance

Shares of Interpublic Group of Companies stock traded up $0.00 on Wednesday, hitting $28.22. The stock had a trading volume of 3,779,832 shares, compared to its average volume of 5,009,041. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 13.31 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a 52-week low of $26.30 and a 52-week high of $35.17. The company's 50 day moving average price is $28.77 and its 200 day moving average price is $30.05. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting the consensus estimate of $0.70. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. Interpublic Group of Companies's quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.70 EPS. On average, research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies's payout ratio is currently 62.26%.

About Interpublic Group of Companies

(Free Report)

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.

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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