V Square Quantitative Management LLC Has $891,000 Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

V Square Quantitative Management LLC lifted its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,164 shares of the business services provider’s stock after acquiring an additional 492 shares during the period. V Square Quantitative Management LLC’s holdings in Interpublic Group of Companies were worth $891,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IPG. Dimensional Fund Advisors LP increased its holdings in Interpublic Group of Companies by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock worth $199,063,000 after purchasing an additional 828,150 shares in the last quarter. Ariel Investments LLC grew its holdings in shares of Interpublic Group of Companies by 3.5% during the second quarter. Ariel Investments LLC now owns 5,710,448 shares of the business services provider’s stock worth $166,117,000 after buying an additional 193,898 shares in the last quarter. American Century Companies Inc. raised its position in Interpublic Group of Companies by 4.8% in the 2nd quarter. American Century Companies Inc. now owns 5,604,984 shares of the business services provider’s stock valued at $163,049,000 after buying an additional 255,250 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Interpublic Group of Companies by 19.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider’s stock valued at $158,157,000 after acquiring an additional 899,332 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Interpublic Group of Companies by 2.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,120,076 shares of the business services provider’s stock worth $61,672,000 after acquiring an additional 41,939 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Macquarie lowered their price objective on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. UBS Group cut shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and cut their price target for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Bank of America reduced their price objective on shares of 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. BNP Paribas downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Interpublic Group of Companies currently has an average rating of “Hold” and an average target price of $32.44.

Interpublic Group of Companies Trading Down 0.1 %

Interpublic Group of Companies stock opened at $32.04 on Friday. 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 stock has a 50-day simple moving average of $31.39 and a 200 day simple moving average of $30.79. The stock has a market capitalization of $12.09 billion, a P/E ratio of 11.40, a PEG ratio of 5.18 and a beta of 1.09. The Interpublic Group of Companies, Inc. has a 52 week low of $27.20 and a 52 week high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the firm earned $0.74 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies’s payout ratio is presently 46.98%.

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.