Toronto Dominion Bank Has $5.71 Million Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Toronto Dominion Bank decreased its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 24.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,621 shares of the business services provider's stock after selling 57,051 shares during the period. Toronto Dominion Bank's holdings in Interpublic Group of Companies were worth $5,713,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in IPG. Rosenberg Matthew Hamilton boosted its holdings in shares of Interpublic Group of Companies by 9.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider's stock valued at $131,000 after acquiring an additional 365 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Interpublic Group of Companies by 73.8% during the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider's stock valued at $26,000 after purchasing an additional 375 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Interpublic Group of Companies by 2.2% during the second quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider's stock worth $494,000 after purchasing an additional 382 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Interpublic Group of Companies by 2.9% in the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider's stock valued at $445,000 after buying an additional 399 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider's stock valued at $38,000 after buying an additional 405 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Interpublic Group of Companies Trading Up 0.4 %

Shares of IPG stock traded up $0.11 during trading hours on Friday, hitting $29.89. 4,246,653 shares of the company were exchanged, compared to its average volume of 4,233,439. The company has a 50 day simple moving average of $30.05 and a two-hundred day simple moving average of $30.36. The firm has a market cap of $11.13 billion, a P/E ratio of 14.10 and a beta of 1.10. 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 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 results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting 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 business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.30 billion. During the same period last year, the company posted $0.70 earnings per share. The business's quarterly revenue was down 2.9% on a year-over-year basis. Equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The company 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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies's dividend payout ratio (DPR) is currently 62.26%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on IPG shares. StockNews.com upgraded shares of Interpublic Group of Companies from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. Macquarie reaffirmed a "neutral" rating and set a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. BNP Paribas downgraded Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a report on Monday, September 30th. Barclays decreased their price target on Interpublic Group of Companies from $32.50 to $32.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 23rd. Finally, UBS Group lowered Interpublic Group of Companies from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $34.00 to $29.00 in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Interpublic Group of Companies has a consensus rating of "Hold" and a consensus target price of $31.71.

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.