Banque Cantonale Vaudoise Decreases Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Banque Cantonale Vaudoise decreased its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 76.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,873 shares of the business services provider's stock after selling 25,765 shares during the quarter. Banque Cantonale Vaudoise's holdings in Interpublic Group of Companies were worth $249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Millennium Management LLC grew its position in shares of Interpublic Group of Companies by 571.7% in the 2nd quarter. Millennium Management LLC now owns 1,466,376 shares of the business services provider's stock valued at $42,657,000 after buying an additional 1,248,062 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Interpublic Group of Companies by 19.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider's stock worth $158,157,000 after purchasing an additional 899,332 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Interpublic Group of Companies by 101.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,690,523 shares of the business services provider's stock worth $55,162,000 after purchasing an additional 853,287 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Interpublic Group of Companies by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider's stock valued at $199,063,000 after purchasing an additional 828,150 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Interpublic Group of Companies in the 1st quarter worth about $20,493,000. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IPG shares. JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. UBS Group downgraded Interpublic Group of Companies from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. StockNews.com raised Interpublic Group of Companies from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. Macquarie reaffirmed a "neutral" rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company reiterated an "underweight" rating and issued a $26.00 price target (down previously from $28.00) on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Interpublic Group of Companies presently has an average rating of "Hold" and a consensus price target of $30.57.

Interpublic Group of Companies Stock Up 1.5 %

Interpublic Group of Companies stock traded up $0.43 during mid-day trading on Friday, reaching $29.58. 6,026,675 shares of the company were exchanged, compared to its average volume of 4,357,025. The business has a fifty day moving average of $30.37 and a 200 day moving average of $30.52. The Interpublic Group of Companies, Inc. has a 12-month low of $26.88 and a 12-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 firm has a market cap of $11.02 billion, a P/E ratio of 13.95 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share 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 company earned $0.70 earnings per share. The business's quarterly revenue was down 2.9% compared to the same quarter last year. Research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies's dividend payout ratio is currently 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.