Lmcg Investments LLC Decreases Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Lmcg Investments LLC lessened its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 16.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 206,651 shares of the business services provider’s stock after selling 40,852 shares during the quarter. Lmcg Investments LLC owned 0.05% of Interpublic Group of Companies worth $6,536,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Interpublic Group of Companies by 13.8% during the second 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 during the last quarter. Ariel Investments LLC lifted its stake in 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 purchasing an additional 193,898 shares during the last quarter. American Century Companies Inc. lifted its stake in Interpublic Group of Companies by 4.8% during the second quarter. American Century Companies Inc. now owns 5,604,984 shares of the business services provider’s stock worth $163,049,000 after purchasing 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% during the second 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 last quarter. Finally, Principal Financial Group Inc. lifted its stake in Interpublic Group of Companies by 2.0% during the second quarter. Principal Financial Group Inc. now owns 2,120,076 shares of the business services provider’s stock worth $61,672,000 after purchasing an additional 41,939 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IPG. JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Macquarie reiterated a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Thursday. Bank of America reduced their price objective 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. Finally, BNP Paribas cut Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Monday, September 30th. Four equities 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.57.

Interpublic Group of Companies Stock Performance

Shares of NYSE:IPG traded up $0.08 during trading on Friday, reaching $29.48. The company had a trading volume of 2,852,413 shares, compared to its average volume of 3,917,413. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 5.01 and a beta of 1.09. 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 stock’s fifty day moving average price is $31.15 and its 200 day moving average price is $30.69. The Interpublic Group of Companies, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last announced 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. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. Interpublic Group of Companies’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts predict that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

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 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio is presently 62.26%.

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.