The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,597 shares of the business services provider’s stock after selling 2,619 shares during the period. Mutual of America Capital Management LLC’s holdings in Interpublic Group of Companies were worth $1,385,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. UMB Bank n.a. lifted its stake in Interpublic Group of Companies by 3.5% in the 1st quarter. UMB Bank n.a. now owns 9,607 shares of the business services provider’s stock valued at $313,000 after buying an additional 321 shares in the last quarter. Legacy Wealth Asset Management LLC increased its position in Interpublic Group of Companies by 3.3% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 10,923 shares of the business services provider’s stock worth $356,000 after purchasing an additional 347 shares in the last quarter. Richardson Financial Services Inc. raised its stake in Interpublic Group of Companies by 8.4% in the 1st quarter. Richardson Financial Services Inc. now owns 4,530 shares of the business services provider’s stock valued at $148,000 after purchasing an additional 350 shares during the last quarter. Assetmark Inc. lifted its holdings in Interpublic Group of Companies by 27.5% in the 4th quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 368 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Interpublic Group of Companies by 2.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock worth $494,000 after purchasing an additional 382 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on IPG shares. UBS Group lowered shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and cut their price objective for the company from $34.00 to $29.00 in a research report on Thursday, September 12th. Morgan Stanley lowered Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $34.00 to $28.00 in a research note on Monday, July 22nd. Bank of America lowered their price objective on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Macquarie reduced their target price on Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Finally, Barclays lowered their price target on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Interpublic Group of Companies has an average rating of “Hold” and an average price target of $33.00.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $31.48 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06. The Interpublic Group of Companies, Inc. has a 1-year low of $27.20 and a 1-year high of $35.17. The firm has a market capitalization of $11.88 billion, a P/E ratio of 11.20, a P/E/G ratio of 5.23 and a beta of 1.10. The business’s 50-day simple moving average is $31.07 and its 200-day simple moving average is $30.93.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the company posted $0.74 earnings per share. Interpublic Group of Companies’s revenue was up 1.6% compared to the same quarter last year. Equities analysts predict that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.19%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

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.