The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Transform Wealth LLC

Transform Wealth LLC trimmed its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 6.7% in the 1st quarter, Holdings Channel reports. The firm owned 48,996 shares of the business services provider’s stock after selling 3,508 shares during the period. Transform Wealth LLC’s holdings in Interpublic Group of Companies were worth $1,599,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IPG. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Interpublic Group of Companies in the 4th quarter valued at about $29,000. Voisard Asset Management Group Inc. purchased a new position in shares of Interpublic Group of Companies in the 4th quarter valued at about $31,000. Tobam increased its holdings in shares of Interpublic Group of Companies by 2,340.0% in the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 1,053 shares during the last quarter. MCF Advisors LLC purchased a new position in shares of Interpublic Group of Companies in the 4th quarter valued at about $43,000. Finally, Assetmark Inc. increased its holdings in shares of Interpublic Group of Companies by 27.5% in the 4th quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 368 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies Stock Performance

Shares of NYSE:IPG traded down $0.01 during trading on Thursday, reaching $29.12. The company had a trading volume of 4,156,667 shares, compared to its average volume of 3,871,076. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 2.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s fifty day moving average price is $30.73 and its 200 day moving average price is $31.72. The Interpublic Group of Companies, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $40.90.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.18 billion. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. As a group, equities research analysts predict that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend was Tuesday, June 4th. Interpublic Group of Companies’s payout ratio is currently 46.98%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Bank of America dropped their price target on Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday. Wells Fargo & Company dropped their price target on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.00.

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.