Quantinno Capital Management LP Has $2.42 Million Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Quantinno Capital Management LP grew its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 88.3% during the 3rd quarter, Holdings Channel reports. The firm owned 76,591 shares of the business services provider’s stock after purchasing an additional 35,916 shares during the quarter. Quantinno Capital Management LP’s holdings in Interpublic Group of Companies were worth $2,423,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Trust Walden Corp boosted its stake in shares of Interpublic Group of Companies by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider’s stock valued at $34,532,000 after purchasing an additional 34,965 shares in the last quarter. Andra AP fonden boosted its stake in shares of Interpublic Group of Companies by 16.2% in the 2nd quarter. Andra AP fonden now owns 532,100 shares of the business services provider’s stock valued at $15,479,000 after purchasing an additional 74,200 shares in the last quarter. M&G Plc acquired a new stake in shares of Interpublic Group of Companies in the 2nd quarter valued at $605,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Interpublic Group of Companies in the 2nd quarter valued at $873,000. Finally, Vest Financial LLC raised its holdings in shares of Interpublic Group of Companies by 39.3% in the second quarter. Vest Financial LLC now owns 789,466 shares of the business services provider’s stock valued at $22,966,000 after buying an additional 222,693 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

Shares of IPG stock opened at $30.41 on Wednesday. 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 has a market cap of $11.33 billion, a PE ratio of 14.33 and a beta of 1.10. The stock has a 50-day moving average of $30.12 and a 200-day moving average of $30.40. The Interpublic Group of Companies, Inc. has a one year low of $26.88 and a one year high of $35.17.

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

Interpublic Group of Companies Announces Dividend

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 $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.34%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BNP Paribas cut Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Barclays cut their price target on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. StockNews.com raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Bank of America cut their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.71.

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.