The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Bank of New Hampshire

Bank of New Hampshire decreased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 46.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,411 shares of the business services provider’s stock after selling 1,223 shares during the quarter. Bank of New Hampshire’s holdings in Interpublic Group of Companies were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in shares of Interpublic Group of Companies by 15.1% in the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after buying an additional 3,920,975 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Interpublic Group of Companies by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock valued at $393,064,000 after acquiring an additional 270,857 shares during the last quarter. Geode Capital Management LLC grew its position in Interpublic Group of Companies by 0.9% in the third quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock worth $298,107,000 after acquiring an additional 81,265 shares during the period. Dimensional Fund Advisors LP increased its stake in Interpublic Group of Companies by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock worth $199,063,000 after acquiring an additional 828,150 shares during the last quarter. Finally, Ariel Investments LLC increased its stake in Interpublic Group of Companies by 3.5% during the second quarter. Ariel Investments LLC now owns 5,710,448 shares of the business services provider’s stock worth $166,117,000 after acquiring an additional 193,898 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IPG. BNP Paribas cut Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Barclays dropped 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. Macquarie reaffirmed a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lowered Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.71.

Interpublic Group of Companies Stock Performance

NYSE:IPG opened at $27.74 on Wednesday. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 13.08 and a beta of 1.11. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The Interpublic Group of Companies, Inc. has a 52 week low of $26.88 and a 52 week high of $35.17. The company has a fifty day simple moving average of $29.25 and a two-hundred day simple moving average of $30.16.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. Interpublic Group of Companies’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 EPS. As a group, equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.76%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) 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.