The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 88.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,591 shares of the business services provider's stock after acquiring an additional 35,916 shares during the period. Quantinno Capital Management LP's holdings in Interpublic Group of Companies were worth $2,423,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Quarry LP increased its position in shares of Interpublic Group of Companies by 72.9% during the third quarter. Quarry LP now owns 6,529 shares of the business services provider's stock valued at $207,000 after buying an additional 2,752 shares during the period. Royal London Asset Management Ltd. raised its stake in Interpublic Group of Companies by 5.5% in the third quarter. Royal London Asset Management Ltd. now owns 178,569 shares of the business services provider's stock worth $5,648,000 after buying an additional 9,268 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Interpublic Group of Companies by 240.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider's stock valued at $913,000 after purchasing an additional 20,395 shares during the period. Investment Management Corp of Ontario grew its stake in Interpublic Group of Companies by 46.8% in the third quarter. Investment Management Corp of Ontario now owns 12,554 shares of the business services provider's stock worth $397,000 after purchasing an additional 4,000 shares during the period. Finally, HighTower Advisors LLC raised its holdings in Interpublic Group of Companies by 13.0% in the third quarter. HighTower Advisors LLC now owns 105,927 shares of the business services provider's stock worth $3,352,000 after purchasing an additional 12,201 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IPG has been the topic of a number of recent research reports. Bank of America reduced their target price on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company raised shares of Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $26.00 to $34.00 in a research note on Tuesday. StockNews.com raised Interpublic Group of Companies from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. Barclays dropped their price target 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. Finally, JPMorgan Chase & Co. cut Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Interpublic Group of Companies has a consensus rating of "Hold" and an average price target of $31.71.

Interpublic Group of Companies Price Performance

Shares of IPG stock traded up $0.01 during trading hours on Wednesday, hitting $30.39. The stock had a trading volume of 3,211,913 shares, compared to its average volume of 4,210,004. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 14.34 and a beta of 1.10. The Interpublic Group of Companies, Inc. has a one year low of $26.88 and a one year high of $35.17. The stock's 50-day moving average price is $30.12 and its two-hundred day moving average price is $30.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced 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. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 EPS. Equities analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.33 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.34%. Interpublic Group of Companies's payout ratio is 62.26%.

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.