The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,176,077 shares of the business services provider’s stock after selling 11,009 shares during the quarter. Boston Trust Walden Corp owned 0.31% of Interpublic Group of Companies worth $37,199,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC acquired a new stake in Interpublic Group of Companies in the first quarter worth about $211,000. Diversified Trust Co lifted its stake in shares of Interpublic Group of Companies by 17.1% in the 1st quarter. Diversified Trust Co now owns 109,048 shares of the business services provider’s stock worth $3,558,000 after acquiring an additional 15,947 shares during the period. West Oak Capital LLC boosted its holdings in shares of Interpublic Group of Companies by 1.7% in the first quarter. West Oak Capital LLC now owns 47,150 shares of the business services provider’s stock valued at $1,539,000 after acquiring an additional 775 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Interpublic Group of Companies by 0.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,006,155 shares of the business services provider’s stock valued at $32,831,000 after acquiring an additional 7,326 shares during the period. Finally, Norden Group LLC bought a new stake in Interpublic Group of Companies during the first quarter worth approximately $340,000. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on IPG shares. Macquarie reaffirmed a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Bank of America decreased their target price 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. Morgan Stanley cut shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $34.00 to $28.00 in a research report on Monday, July 22nd. StockNews.com lowered shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, BNP Paribas downgraded shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Interpublic Group of Companies currently has a consensus rating of “Hold” and an average target price of $30.57.

Interpublic Group of Companies Stock Down 0.3 %

Shares of NYSE:IPG opened at $29.80 on Friday. The firm has a 50 day simple moving average of $31.33 and a 200 day simple moving average of $30.73. The Interpublic Group of Companies, Inc. has a 52 week low of $27.54 and a 52 week high of $35.17. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07. The company has a market cap of $11.19 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 4.97 and a beta of 1.09.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.51% and a net margin of 7.44%. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, research analysts expect that The Interpublic Group of Companies, Inc. will post 2.83 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 Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a yield of 4.43%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 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.