The Interpublic Group of Companies, Inc. (NYSE:IPG) Holdings Boosted by Parcion Private Wealth LLC

Parcion Private Wealth LLC lifted its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 14.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,881 shares of the business services provider's stock after buying an additional 20,413 shares during the period. Parcion Private Wealth LLC's holdings in Interpublic Group of Companies were worth $5,089,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IPG. Millennium Management LLC lifted its holdings in Interpublic Group of Companies by 571.7% in the 2nd quarter. Millennium Management LLC now owns 1,466,376 shares of the business services provider's stock worth $42,657,000 after buying an additional 1,248,062 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Interpublic Group of Companies by 19.8% in the second 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 purchasing an additional 899,332 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Interpublic Group of Companies by 101.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,690,523 shares of the business services provider's stock valued at $55,162,000 after purchasing an additional 853,287 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Interpublic Group of Companies by 13.8% during the 2nd 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 last quarter. Finally, Swedbank AB acquired a new position in shares of Interpublic Group of Companies in the 1st quarter valued at approximately $20,493,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IPG shares. Wells Fargo & Company restated an "underweight" rating and issued a $26.00 target price (down previously from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday. Morgan Stanley downgraded Interpublic Group of Companies from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $34.00 to $28.00 in a report on Monday, July 22nd. Barclays lowered their price target on Interpublic Group of Companies from $32.50 to $32.00 and set an "equal weight" rating for the company in a report on Wednesday. BNP Paribas cut Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a research note on Monday, September 30th. Finally, Macquarie reiterated a "neutral" rating and set a $31.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Interpublic Group of Companies presently has an average rating of "Hold" and a consensus price target of $30.57.

Interpublic Group of Companies Price Performance

IPG traded down $0.09 on Friday, reaching $29.80. The company had a trading volume of 2,758,024 shares, compared to its average volume of 4,069,513. The company has a market capitalization of $11.19 billion, a P/E ratio of 14.06, a PEG ratio of 4.97 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The company has a fifty day moving average of $31.33 and a 200-day moving average of $30.73. The Interpublic Group of Companies, Inc. has a one year low of $27.54 and a one year high of $35.17.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.70. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.51% and a net margin of 7.44%. The firm's quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. As a group, equities research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.83 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 Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.33 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a yield of 4.43%. Interpublic Group of Companies's dividend payout ratio (DPR) is 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.