TCW Group Inc. Has $2.53 Million Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

TCW Group Inc. lessened its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 17.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,088 shares of the business services provider's stock after selling 17,507 shares during the period. TCW Group Inc.'s holdings in Interpublic Group of Companies were worth $2,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in IPG. Benjamin Edwards Inc. grew its position in Interpublic Group of Companies by 73.8% in the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider's stock valued at $26,000 after acquiring an additional 375 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Interpublic Group of Companies in the 3rd quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. grew its holdings in shares of Interpublic Group of Companies by 652.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider's stock valued at $30,000 after purchasing an additional 900 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Interpublic Group of Companies during the 2nd quarter worth approximately $32,000. Finally, Ashton Thomas Securities LLC bought a new position in Interpublic Group of Companies in the 3rd quarter valued at approximately $32,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IPG. Macquarie reiterated a "neutral" rating and set a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. BNP Paribas downgraded Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a research report on Monday, September 30th. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and cut their price target for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Bank of America lowered their price objective on Interpublic Group of Companies from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Finally, 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 stock from $26.00 to $34.00 in a research report on Tuesday. 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $31.71.

Interpublic Group of Companies Trading Up 0.4 %

Shares of Interpublic Group of Companies stock traded up $0.11 during midday trading on Friday, reaching $29.89. The company had a trading volume of 4,226,711 shares, compared to its average volume of 4,233,439. The firm has a market cap of $11.13 billion, a PE ratio of 14.08 and a beta of 1.10. The stock has a fifty day moving average price of $30.06 and a 200 day moving average price of $30.38. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The Interpublic Group of Companies, Inc. has a fifty-two week low of $26.88 and a fifty-two week high of $35.17.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the firm posted $0.70 EPS. The company's quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.33 per share. 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 4.42%. Interpublic Group of Companies's payout ratio is currently 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.