Commonwealth Equity Services LLC Has $1.62 Million Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Commonwealth Equity Services LLC decreased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 15.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,521 shares of the business services provider’s stock after selling 8,920 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Interpublic Group of Companies were worth $1,616,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in Interpublic Group of Companies during the 4th quarter worth $29,000. Voisard Asset Management Group Inc. acquired a new position in Interpublic Group of Companies during the 4th quarter worth $31,000. Tobam lifted its holdings in Interpublic Group of Companies by 2,340.0% during the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock worth $36,000 after buying an additional 1,053 shares in the last quarter. MCF Advisors LLC acquired a new position in shares of Interpublic Group of Companies in the 4th quarter valued at $43,000. Finally, Assetmark Inc. lifted its stake in shares of 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 during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Bank of America cut their price target on Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. Wells Fargo & Company cut their price target on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Five investment 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 has an average rating of “Hold” and a consensus target price of $35.00.

Interpublic Group of Companies Price Performance

IPG opened at $28.34 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75. The Interpublic Group of Companies, Inc. has a 12 month low of $27.20 and a 12 month high of $40.90. The company has a fifty day simple moving average of $30.43 and a 200 day simple moving average of $31.57. The stock has a market cap of $10.70 billion, a P/E ratio of 10.09, a P/E/G ratio of 3.06 and a beta of 1.12.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. On average, research analysts expect that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date was Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Interpublic Group of Companies 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.