The Interpublic Group of Companies, Inc. (NYSE:IPG) Stock Holdings Trimmed by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC lowered its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 11.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,102 shares of the business services provider’s stock after selling 6,321 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Interpublic Group of Companies were worth $1,856,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IPG. Cambridge Investment Research Advisors Inc. increased its stake in Interpublic Group of Companies by 14.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,035 shares of the business services provider’s stock valued at $817,000 after buying an additional 2,915 shares during the period. Cetera Advisor Networks LLC bought a new position in Interpublic Group of Companies during the 1st quarter valued at $243,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Interpublic Group of Companies during the 1st quarter valued at $133,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Interpublic Group of Companies by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,667 shares of the business services provider’s stock valued at $1,867,000 after purchasing an additional 3,244 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its stake in Interpublic Group of Companies by 1.0% during the 1st quarter. Yousif Capital Management LLC now owns 63,184 shares of the business services provider’s stock valued at $2,240,000 after purchasing an additional 595 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Down 1.0 %

Interpublic Group of Companies stock traded down $0.31 during midday trading on Friday, reaching $30.74. The stock had a trading volume of 8,172,984 shares, compared to its average volume of 4,263,292. The firm’s fifty day simple moving average is $33.78 and its two-hundred day simple moving average is $35.93. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.44 and a beta of 1.11. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.03 and a quick ratio of 1.03. The Interpublic Group of Companies, Inc. has a twelve month low of $25.14 and a twelve month high of $40.95.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Friday, July 21st. The business services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.13. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.39 billion. Interpublic Group of Companies had a return on equity of 29.72% and a net margin of 8.70%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 EPS. Equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 3.05 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.31 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $1.24 annualized dividend and a yield of 4.03%. Interpublic Group of Companies’s dividend payout ratio is presently 51.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IPG. Citigroup cut their price target on shares of Interpublic Group of Companies from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, July 24th. Morgan Stanley dropped their price target on Interpublic Group of Companies from $42.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, July 24th. Wells Fargo & Company cut Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $43.00 to $33.00 in a report on Monday, July 24th. StockNews.com started coverage on Interpublic Group of Companies in a report on Wednesday, August 23rd. They issued a “hold” rating on the stock. Finally, Bank of America dropped their price target on Interpublic Group of Companies from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, July 24th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus target price of $39.00.

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.