Public Employees Retirement System of Ohio Reduces Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Public Employees Retirement System of Ohio reduced its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 136,829 shares of the business services provider’s stock after selling 6,816 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Interpublic Group of Companies were worth $4,328,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton increased its stake in Interpublic Group of Companies by 9.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock valued at $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 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 period. Farther Finance Advisors LLC raised its stake in Interpublic Group of Companies by 2.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock worth $494,000 after acquiring an additional 382 shares during the last quarter. Ballentine Partners LLC raised its stake in Interpublic Group of Companies by 2.9% in the 3rd quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock worth $445,000 after acquiring an additional 399 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted 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 acquiring an additional 405 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on IPG. StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. 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. UBS Group downgraded shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $34.00 to $29.00 in a report on Thursday, September 12th. BNP Paribas cut shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Finally, Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and an average price target of $31.71.

Interpublic Group of Companies Stock Up 0.4 %

IPG stock opened at $29.89 on Friday. The Interpublic Group of Companies, Inc. has a one year low of $26.88 and a one year 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 firm’s fifty day moving average is $30.05 and its 200 day moving average is $30.37. The firm has a market cap of $11.13 billion, a PE ratio of 14.10 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last posted its 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 firm had revenue of $2.24 billion for 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%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.70 EPS. On average, research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently announced 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. This represents a $1.32 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Monday, December 2nd. Interpublic Group of Companies’s payout ratio is 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.