Handelsinvest Investeringsforvaltning Sells 5,925 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Handelsinvest Investeringsforvaltning lessened its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 34.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 11,412 shares of the business services provider’s stock after selling 5,925 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Interpublic Group of Companies were worth $372,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC bought a new position in shares of Interpublic Group of Companies in the fourth quarter worth about $29,000. Voisard Asset Management Group Inc. bought a new position in shares of Interpublic Group of Companies in the fourth quarter worth about $31,000. Tobam boosted its stake in shares of Interpublic Group of Companies by 2,340.0% in the fourth quarter. Tobam now owns 1,098 shares of the business services provider’s stock worth $36,000 after acquiring an additional 1,053 shares during the period. MCF Advisors LLC bought a new position in shares of Interpublic Group of Companies in the fourth quarter worth about $43,000. Finally, Assetmark Inc. boosted its stake in shares of Interpublic Group of Companies by 27.5% in the fourth quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock worth $56,000 after acquiring an additional 368 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 0.7 %

Shares of IPG stock opened at $28.77 on Thursday. The Interpublic Group of Companies, Inc. has a 1 year low of $27.20 and a 1 year high of $40.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50 day simple moving average is $30.54 and its two-hundred day simple moving average is $31.62. The company has a market cap of $10.86 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 3.04 and a beta of 1.12.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business posted $0.38 earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Research analysts predict that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.32 annualized dividend and a dividend yield of 4.59%. Interpublic Group of Companies’s payout ratio is 46.98%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IPG. Bank of America dropped their price objective on Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, June 25th. Wells Fargo & Company decreased their target price on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $35.00.

About Interpublic Group of Companies

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.