Lmcg Investments LLC Trims Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Lmcg Investments LLC lessened its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 42.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,508 shares of the business services provider's stock after selling 87,143 shares during the quarter. Lmcg Investments LLC's holdings in Interpublic Group of Companies were worth $3,349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rosenberg Matthew Hamilton grew its stake in Interpublic Group of Companies by 9.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider's stock worth $131,000 after buying an additional 365 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Interpublic Group of Companies by 73.8% during the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider's stock valued at $26,000 after acquiring an additional 375 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of Interpublic Group of Companies by 2.9% during the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider's stock valued at $445,000 after acquiring an additional 399 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider's stock valued at $38,000 after purchasing an additional 405 shares during the last quarter. Finally, Empirical Finance LLC boosted its stake in Interpublic Group of Companies by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider's stock worth $1,031,000 after purchasing an additional 409 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on IPG. StockNews.com assumed coverage on shares of Interpublic Group of Companies in a report on Monday. They issued a "hold" rating for the company. Wells Fargo & Company upgraded Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. Barclays dropped their price target on Interpublic Group of Companies from $32.50 to $32.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. Finally, BNP Paribas raised Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 target price for the company in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $32.50.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG traded up $0.39 during trading on Tuesday, reaching $28.22. 5,792,574 shares of the company's stock traded hands, compared to its average volume of 5,111,465. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The Interpublic Group of Companies, Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $35.17. The company has a 50-day simple moving average of $28.79 and a 200-day simple moving average of $30.05. The firm has a market cap of $10.51 billion, a PE ratio of 13.31 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted its quarterly earnings data 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. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the firm posted $0.70 earnings per share. The company's revenue was down 2.9% compared to the same quarter last year. As a group, analysts predict that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share 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. Stockholders of record on Monday, December 2nd were given a $0.33 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.68%. 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.