Proquility Private Wealth Partners LLC Has $492,000 Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Proquility Private Wealth Partners LLC decreased its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 69.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,575 shares of the business services provider's stock after selling 40,522 shares during the quarter. Proquility Private Wealth Partners LLC's holdings in Interpublic Group of Companies were worth $492,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IPG. Catalyst Capital Advisors LLC acquired a new position in Interpublic Group of Companies in the 3rd quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Interpublic Group of Companies in the third quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its position in Interpublic Group of Companies by 52.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider's stock worth $38,000 after purchasing an additional 405 shares during the period. Brooklyn Investment Group bought a new position in Interpublic Group of Companies in the third quarter worth $60,000. Finally, Trust Co. of Vermont increased its holdings in Interpublic Group of Companies by 250.0% in the 3rd quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider's stock valued at $66,000 after buying an additional 1,500 shares during the period. 98.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IPG. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. Barclays lowered their target price on shares of 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. StockNews.com started coverage on shares of Interpublic Group of Companies in a research note on Monday. They issued a "hold" rating on the stock. JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Finally, BNP Paribas raised shares of Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 target price on the stock in a research note on Friday, January 10th. Two 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. Based on data from MarketBeat, Interpublic Group of Companies currently has a consensus rating of "Hold" and an average price target of $32.50.

Interpublic Group of Companies Price Performance

NYSE:IPG traded down $0.11 on Wednesday, reaching $28.11. The stock had a trading volume of 1,874,703 shares, compared to its average volume of 4,857,438. The company has a market capitalization of $10.47 billion, a P/E ratio of 13.26 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a 1-year low of $26.30 and a 1-year high of $35.17. 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 stock has a fifty day moving average price of $28.77 and a 200-day moving average price of $30.05.

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, meeting analysts' consensus estimates of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the business earned $0.70 earnings per share. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. Research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.33 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.70%. Interpublic Group of Companies's payout ratio 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.