The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 16.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,308,218 shares of the business services provider’s stock after selling 261,358 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.35% of Interpublic Group of Companies worth $41,379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rosenberg Matthew Hamilton increased its stake in Interpublic Group of Companies by 9.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock worth $131,000 after purchasing an additional 365 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of Interpublic Group of Companies by 73.8% in the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after acquiring an additional 375 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Interpublic Group of Companies by 2.2% during the second quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock valued at $494,000 after acquiring an additional 382 shares during the period. Ballentine Partners LLC raised its holdings in shares of Interpublic Group of Companies by 2.9% during the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock valued at $445,000 after acquiring an additional 399 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Interpublic Group of Companies by 52.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $38,000 after purchasing an additional 405 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Price Performance

Shares of IPG opened at $30.48 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $11.35 billion, a PE ratio of 14.38 and a beta of 1.10. The firm’s 50 day moving average price is $30.32 and its 200 day moving average price is $30.50. The Interpublic Group of Companies, Inc. has a twelve month low of $26.88 and a twelve month high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. Interpublic Group of Companies’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. As a group, research analysts expect that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.33%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Analyst Ratings Changes

IPG has been the subject of a number of research analyst reports. BNP Paribas lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. UBS Group lowered Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Barclays reduced their price target on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Finally, 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. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.57.

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.