Signet Financial Management LLC Sells 1,828 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Signet Financial Management LLC trimmed its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 9.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,056 shares of the business services provider’s stock after selling 1,828 shares during the period. Signet Financial Management LLC’s holdings in Interpublic Group of Companies were worth $506,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Benjamin Edwards Inc. boosted its position in shares of Interpublic Group of Companies by 73.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 375 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Interpublic Group of Companies in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in Interpublic Group of Companies in the third quarter valued at approximately $32,000. EverSource Wealth Advisors LLC lifted its position in Interpublic Group of Companies by 52.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 405 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in Interpublic Group of Companies in the 2nd quarter worth approximately $39,000. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on IPG shares. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Friday. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Barclays reduced their price objective on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. Finally, StockNews.com assumed coverage on shares of Interpublic Group of Companies in a research report on Sunday. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $32.50.

Interpublic Group of Companies Stock Performance

Shares of IPG stock opened at $26.86 on Tuesday. The company has a market capitalization of $10.01 billion, a P/E ratio of 12.67 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $35.17. 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 stock has a 50 day moving average price of $29.01 and a two-hundred day moving average price of $30.09.

Interpublic Group of Companies (NYSE:IPG) last posted 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 analyst estimates of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 EPS. Analysts expect that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.91%. Interpublic Group of Companies’s 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.