Coldstream Capital Management Inc. Sells 1,607 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Coldstream Capital Management Inc. decreased its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 10.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,901 shares of the business services provider’s stock after selling 1,607 shares during the period. Coldstream Capital Management Inc.’s holdings in Interpublic Group of Companies were worth $439,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its position in shares of Interpublic Group of Companies by 14.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,011 shares of the business services provider’s stock valued at $233,000 after purchasing an additional 1,011 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Interpublic Group of Companies by 30.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,781 shares of the business services provider’s stock worth $517,000 after buying an additional 4,146 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Interpublic Group of Companies by 382.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 65,871 shares of the business services provider’s stock worth $1,916,000 after buying an additional 52,214 shares during the period. Blue Trust Inc. increased its stake in shares of Interpublic Group of Companies by 484.1% in the 2nd quarter. Blue Trust Inc. now owns 8,622 shares of the business services provider’s stock valued at $251,000 after acquiring an additional 7,146 shares in the last quarter. Finally, TCW Group Inc. lifted its position in shares of Interpublic Group of Companies by 107.6% during the 2nd quarter. TCW Group Inc. now owns 97,595 shares of the business services provider’s stock valued at $2,839,000 after acquiring an additional 50,592 shares during the period. Institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Barclays decreased 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 note on Wednesday, October 23rd. BNP Paribas downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Monday, September 30th. StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. Finally, UBS Group cut Interpublic Group of Companies from a “neutral” rating to a “sell” rating and cut their target price for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.71.

Interpublic Group of Companies Stock Up 0.4 %

Shares of NYSE:IPG opened at $29.89 on Friday. The business’s 50 day moving average is $30.05 and its 200 day moving average is $30.37. The Interpublic Group of Companies, Inc. has a 12-month low of $26.88 and a 12-month high of $35.17. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of 14.10 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. The firm 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%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 EPS. On average, sell-side analysts forecast that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 annualized dividend and a yield of 4.42%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 62.26%.

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.