Lmcg Investments LLC Has $6.54 Million Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Lmcg Investments LLC lowered its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 16.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 206,651 shares of the business services provider's stock after selling 40,852 shares during the period. Lmcg Investments LLC owned 0.05% of Interpublic Group of Companies worth $6,536,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Benjamin Edwards Inc. grew its position in Interpublic Group of Companies by 73.8% in 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 last quarter. Hazlett Burt & Watson Inc. increased its position in Interpublic Group of Companies by 652.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider's stock valued at $30,000 after acquiring an additional 900 shares during the period. International Assets Investment Management LLC bought a new stake in Interpublic Group of Companies during the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC raised its stake in Interpublic Group of Companies by 52.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider's stock valued at $38,000 after acquiring an additional 405 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Interpublic Group of Companies during the 1st quarter worth $42,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Interpublic Group of Companies Price Performance

NYSE:IPG traded up $0.08 during trading hours on Friday, reaching $29.48. 2,852,413 shares of the company's stock were exchanged, compared to its average volume of 3,917,413. 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 company has a market capitalization of $10.98 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 5.01 and a beta of 1.09. The Interpublic Group of Companies, Inc. has a 12 month low of $28.00 and a 12 month high of $35.17. The business's 50-day simple moving average is $31.15 and its two-hundred day simple moving average is $30.70.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share 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 27.76% and a net margin of 7.44%. The company's revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.70 EPS. Sell-side analysts expect that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.48%. Interpublic Group of Companies's dividend payout ratio is currently 62.26%.

Analyst Upgrades and Downgrades

IPG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut shares of 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 research note on Tuesday, October 1st. Morgan Stanley downgraded shares of Interpublic Group of Companies from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $34.00 to $28.00 in a research report on Monday, July 22nd. UBS Group cut shares of Interpublic Group of Companies from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $34.00 to $29.00 in a report on Thursday, September 12th. Bank of America lowered 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. Finally, Wells Fargo & Company restated an "underweight" rating and issued a $26.00 target price (down from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $30.57.

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.