Semanteon Capital Management LP Takes $827,000 Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Semanteon Capital Management LP bought a new stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,154 shares of the business services provider's stock, valued at approximately $827,000.

A number of other hedge funds have also made changes to their positions in IPG. Diversified Trust Co grew its position in shares of Interpublic Group of Companies by 17.1% in the first quarter. Diversified Trust Co now owns 109,048 shares of the business services provider's stock valued at $3,558,000 after purchasing an additional 15,947 shares in the last quarter. West Oak Capital LLC grew its position in shares of Interpublic Group of Companies by 1.7% in the first quarter. West Oak Capital LLC now owns 47,150 shares of the business services provider's stock valued at $1,539,000 after purchasing an additional 775 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Interpublic Group of Companies by 0.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,006,155 shares of the business services provider's stock valued at $32,831,000 after purchasing an additional 7,326 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Interpublic Group of Companies in the first quarter valued at approximately $340,000. Finally, First Trust Direct Indexing L.P. grew its position in shares of Interpublic Group of Companies by 25.1% in the first quarter. First Trust Direct Indexing L.P. now owns 18,106 shares of the business services provider's stock valued at $591,000 after purchasing an additional 3,627 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. Morgan Stanley lowered Interpublic Group of Companies from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $34.00 to $28.00 in a research report on Monday, July 22nd. Barclays lowered their price objective on Interpublic Group of Companies from $32.50 to $32.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company reiterated an "underweight" rating and issued a $26.00 price objective (down from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Finally, StockNews.com lowered Interpublic Group of Companies from a "hold" rating to a "sell" rating in a research report on Wednesday, October 23rd. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Interpublic Group of Companies has an average rating of "Hold" and a consensus target price of $30.57.

Interpublic Group of Companies Trading Up 1.5 %

Shares of IPG traded up $0.44 during midday trading on Monday, hitting $30.24. 3,084,371 shares of the stock were exchanged, compared to its average volume of 3,936,174. The Interpublic Group of Companies, Inc. has a 52-week low of $27.68 and a 52-week high of $35.17. The stock has a fifty day simple moving average of $31.33 and a 200 day simple moving average of $30.72. The firm has a market cap of $11.41 billion, a P/E ratio of 10.67, a P/E/G ratio of 4.97 and a beta of 1.09. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released 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 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 company's quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.70 earnings per share. On average, research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.83 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies's payout ratio is currently 46.98%.

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.