Dana Investment Advisors Inc. Decreases Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Dana Investment Advisors Inc. trimmed its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 8.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,260 shares of the business services provider’s stock after selling 9,680 shares during the period. Dana Investment Advisors Inc.’s holdings in Interpublic Group of Companies were worth $3,120,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Aurora Investment Counsel boosted its stake in Interpublic Group of Companies by 14.5% during the second quarter. Aurora Investment Counsel now owns 50,512 shares of the business services provider’s stock worth $1,469,000 after buying an additional 6,408 shares during the period. Brandes Investment Partners LP lifted its holdings in shares of Interpublic Group of Companies by 94.5% in the 2nd quarter. Brandes Investment Partners LP now owns 178,724 shares of the business services provider’s stock worth $5,199,000 after acquiring an additional 86,812 shares during the last quarter. Scientech Research LLC purchased a new position in shares of Interpublic Group of Companies during the 2nd quarter worth about $994,000. The Manufacturers Life Insurance Company grew its holdings in Interpublic Group of Companies by 44.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,356,021 shares of the business services provider’s stock valued at $39,447,000 after purchasing an additional 417,766 shares during the last quarter. Finally, Millennium Management LLC raised its position in Interpublic Group of Companies by 571.7% in the 2nd quarter. Millennium Management LLC now owns 1,466,376 shares of the business services provider’s stock worth $42,657,000 after purchasing an additional 1,248,062 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

Shares of Interpublic Group of Companies stock opened at $31.07 on Thursday. The company has a market capitalization of $11.73 billion, a PE ratio of 11.06, a P/E/G ratio of 5.23 and a beta of 1.10. The company has a 50-day simple moving average of $31.24 and a two-hundred day simple moving average of $30.88. 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 quick ratio of 1.06 and a current ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.61 EPS 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 company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. Interpublic Group of Companies’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts expect that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a yield of 4.25%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.98%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley lowered Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $34.00 to $28.00 in a research report on Monday, July 22nd. UBS Group downgraded 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. Macquarie decreased their target price on Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. BNP Paribas cut shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday. Finally, JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $36.00 to $33.00 in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.44.

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.