The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 848,843 shares of the business services provider's stock after selling 82,130 shares during the quarter. Wellington Management Group LLP owned approximately 0.23% of Interpublic Group of Companies worth $26,849,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC raised its holdings in shares of Interpublic Group of Companies by 14.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,011 shares of the business services provider's stock worth $233,000 after acquiring an additional 1,011 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Interpublic Group of Companies by 30.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,781 shares of the business services provider's stock valued at $517,000 after purchasing an additional 4,146 shares during the last quarter. 180 Wealth Advisors LLC grew its stake in shares of Interpublic Group of Companies by 12.4% in the 2nd quarter. 180 Wealth Advisors LLC now owns 7,267 shares of the business services provider's stock worth $210,000 after buying an additional 802 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Interpublic Group of Companies by 382.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 65,871 shares of the business services provider's stock valued at $1,916,000 after buying an additional 52,214 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Interpublic Group of Companies by 484.1% in the second quarter. Blue Trust Inc. now owns 8,622 shares of the business services provider's stock worth $251,000 after acquiring an additional 7,146 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies Stock Up 0.2 %

Shares of IPG stock traded up $0.07 during mid-day trading on Friday, hitting $29.85. The stock had a trading volume of 2,472,381 shares, compared to its average volume of 4,224,176. 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 current ratio of 1.09 and a quick ratio of 1.09. The firm's 50-day moving average is $30.06 and its two-hundred day moving average is $30.38. The firm has a market capitalization of $11.12 billion, a P/E ratio of 14.05 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, hitting analysts' consensus estimates of $0.70. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.70 earnings per share. On average, analysts predict that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.42%. The ex-dividend date is Monday, December 2nd. Interpublic Group of Companies's payout ratio is 62.26%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Bank of America dropped their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, September 5th. StockNews.com upgraded Interpublic Group of Companies from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. Barclays cut their target price on 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. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Finally, Macquarie restated a "neutral" rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $31.71.

About Interpublic Group of Companies

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.