Valley National Advisers Inc. Has $1.50 Million Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Valley National Advisers Inc. cut its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 51.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 47,451 shares of the business services provider's stock after selling 50,345 shares during the quarter. Valley National Advisers Inc.'s holdings in Interpublic Group of Companies were worth $1,500,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in Interpublic Group of Companies by 15.0% during the first quarter. BNP Paribas Financial Markets now owns 989,318 shares of the business services provider's stock worth $32,281,000 after acquiring an additional 129,215 shares during the period. Boston Trust Walden Corp grew its stake in shares of Interpublic Group of Companies by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider's stock worth $34,532,000 after purchasing an additional 34,965 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Interpublic Group of Companies by 68.0% in the 1st quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider's stock worth $3,949,000 after purchasing an additional 48,996 shares in the last quarter. SG Americas Securities LLC lifted its stake in Interpublic Group of Companies by 176.5% during the second quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider's stock valued at $7,403,000 after purchasing an additional 162,468 shares during the last quarter. Finally, FORA Capital LLC bought a new stake in Interpublic Group of Companies during the first quarter worth approximately $2,061,000. Institutional investors own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IPG. Bank of America dropped their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. BNP Paribas lowered Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a research report on Monday, September 30th. Macquarie reiterated a "neutral" rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Barclays cut their price objective on Interpublic Group of Companies from $32.50 to $32.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Interpublic Group of Companies has a consensus rating of "Hold" and a consensus target price of $30.57.

Interpublic Group of Companies Stock Down 0.3 %

NYSE IPG traded down $0.09 during trading on Friday, reaching $29.80. 2,758,024 shares of the company's stock were exchanged, compared to its average volume of 4,069,513. The firm has a market capitalization of $11.25 billion, a PE ratio of 10.60, a P/E/G ratio of 4.97 and a beta of 1.09. The Interpublic Group of Companies, Inc. has a fifty-two week low of $27.54 and a fifty-two week high of $35.17. 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's fifty day simple moving average is $31.33 and its 200-day simple moving average is $30.72.

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 EPS for the quarter, hitting the consensus estimate of $0.70. The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.51%. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share. Sell-side analysts predict that The Interpublic Group of Companies, Inc. will post 2.83 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies's dividend payout ratio (DPR) is presently 46.98%.

About Interpublic Group of Companies

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.