The Interpublic Group of Companies, Inc. (NYSE:IPG) Holdings Lowered by Sendero Wealth Management LLC

Sendero Wealth Management LLC trimmed its position in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 69.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,552 shares of the business services provider's stock after selling 19,496 shares during the quarter. Sendero Wealth Management LLC's holdings in Interpublic Group of Companies were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in IPG. Park Avenue Securities LLC raised its stake in Interpublic Group of Companies by 4.5% during the fourth quarter. Park Avenue Securities LLC now owns 28,238 shares of the business services provider's stock worth $791,000 after acquiring an additional 1,205 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Interpublic Group of Companies by 389.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 70,487 shares of the business services provider's stock worth $1,975,000 after purchasing an additional 56,087 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Interpublic Group of Companies by 127.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 15,723 shares of the business services provider's stock worth $441,000 after purchasing an additional 8,819 shares during the last quarter. West Oak Capital LLC boosted its position in Interpublic Group of Companies by 0.8% during the 4th quarter. West Oak Capital LLC now owns 55,595 shares of the business services provider's stock valued at $1,558,000 after purchasing an additional 435 shares during the period. Finally, Elevated Capital Advisors LLC grew its stake in Interpublic Group of Companies by 19.3% during the 4th quarter. Elevated Capital Advisors LLC now owns 28,579 shares of the business services provider's stock worth $801,000 after buying an additional 4,624 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IPG. Macquarie reissued a "neutral" rating and set a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. StockNews.com started coverage on shares of Interpublic Group of Companies in a research note on Sunday. They set a "hold" rating for the company. 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. Wells Fargo & Company upgraded 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 report on Tuesday, December 10th. Finally, BNP Paribas upgraded Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 price target for the company in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $32.50.

Interpublic Group of Companies Price Performance

Shares of IPG stock traded up $0.14 during mid-day trading on Thursday, hitting $27.92. 4,294,714 shares of the stock traded hands, compared to its average volume of 5,043,562. The Interpublic Group of Companies, Inc. has a twelve month low of $26.30 and a twelve month high of $35.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The company's 50-day simple moving average is $28.87 and its 200-day simple moving average is $30.04. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 13.17 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. 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 company earned $0.70 earnings per share. Interpublic Group of Companies's revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts expect that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.73%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies's dividend payout ratio is presently 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.