The Interpublic Group of Companies, Inc. (NYSE:IPG) Stock Holdings Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,706,067 shares of the business services provider's stock after selling 197,349 shares during the quarter. JPMorgan Chase & Co. owned 0.73% of Interpublic Group of Companies worth $85,593,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Benjamin Edwards Inc. boosted its position in Interpublic Group of Companies by 73.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider's stock worth $26,000 after purchasing an additional 375 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Interpublic Group of Companies in the third quarter valued at about $26,000. Hazlett Burt & Watson Inc. raised its holdings in shares of Interpublic Group of Companies by 652.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider's stock valued at $30,000 after buying an additional 900 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Interpublic Group of Companies during the 2nd quarter valued at about $32,000. Finally, Ashton Thomas Securities LLC acquired a new position in Interpublic Group of Companies during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IPG. Bank of America dropped 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, September 5th. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Wells Fargo & Company raised shares of Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. StockNews.com began coverage on Interpublic Group of Companies in a research report on Friday, December 27th. They set a "hold" rating on the stock. Finally, Macquarie reissued a "neutral" rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $31.71.

Interpublic Group of Companies Stock Performance

NYSE IPG remained flat at $28.13 on Friday. The company's stock had a trading volume of 3,460,661 shares, compared to its average volume of 3,158,881. 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 company has a fifty day moving average price of $29.30 and a 200-day moving average price of $30.16. The Interpublic Group of Companies, Inc. has a 12-month low of $26.88 and a 12-month high of $35.17. The stock has a market capitalization of $10.48 billion, a P/E ratio of 13.27 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The business's revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. As a group, equities research analysts expect that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend was Monday, December 2nd. Interpublic Group of Companies's dividend payout ratio (DPR) is presently 62.26%.

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.