The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,927 shares of the business services provider’s stock after selling 593 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Interpublic Group of Companies were worth $1,365,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Voisard Asset Management Group Inc. acquired a new position in Interpublic Group of Companies in the fourth quarter worth approximately $31,000. Salomon & Ludwin LLC grew its position in Interpublic Group of Companies by 2,024.6% in the first quarter. Salomon & Ludwin LLC now owns 1,296 shares of the business services provider’s stock worth $42,000 after buying an additional 1,235 shares during the last quarter. Headlands Technologies LLC acquired a new position in Interpublic Group of Companies in the first quarter worth approximately $42,000. MCF Advisors LLC acquired a new position in Interpublic Group of Companies in the fourth quarter worth approximately $43,000. Finally, Assetmark Inc. grew its position in 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 buying an additional 368 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

Shares of IPG opened at $31.37 on Tuesday. The company has a market capitalization of $11.84 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 3.29 and a beta of 1.12. The Interpublic Group of Companies, Inc. has a one year low of $27.20 and a one year high of $35.17. 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 company’s fifty day moving average price is $29.84 and its 200 day moving average price is $31.03.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Wednesday, July 24th. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.59 by $0.02. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.33 billion. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. As a group, analysts expect that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $0.33 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $1.32 annualized dividend and a yield of 4.21%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Analyst Ratings Changes

Several research analysts have issued reports on IPG shares. JPMorgan Chase & Co. decreased their price target on shares of Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Bank of America decreased their price objective on shares of 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. Morgan Stanley lowered shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $34.00 to $28.00 in a research note on Monday, July 22nd. Wells Fargo & Company decreased their price objective on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Finally, Macquarie decreased their price objective on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.13.

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.