Pensionfund Sabic Has $516,000 Stake in Interpublic Group of Companies, Inc. (The) $IPG

Pensionfund Sabic decreased its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 29.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 19,000 shares of the business services provider’s stock after selling 8,000 shares during the period. Pensionfund Sabic’s holdings in Interpublic Group of Companies were worth $516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in shares of Interpublic Group of Companies in the first quarter valued at about $1,480,000. Asset Management One Co. Ltd. increased its position in shares of Interpublic Group of Companies by 2.4% in the first quarter. Asset Management One Co. Ltd. now owns 153,830 shares of the business services provider’s stock valued at $4,178,000 after acquiring an additional 3,547 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Interpublic Group of Companies by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 43,655 shares of the business services provider’s stock valued at $1,185,000 after acquiring an additional 1,170 shares during the last quarter. LPL Financial LLC increased its position in shares of Interpublic Group of Companies by 7.5% in the first quarter. LPL Financial LLC now owns 500,207 shares of the business services provider’s stock valued at $13,586,000 after acquiring an additional 34,753 shares during the last quarter. Finally, NBC Securities Inc. increased its position in shares of Interpublic Group of Companies by 106,420.0% in the first quarter. NBC Securities Inc. now owns 5,326 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 5,321 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on IPG shares. UBS Group lowered their target price on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their target price on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. Wall Street Zen upgraded Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Finally, Barclays cut Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $34.00 to $27.50 in a report on Wednesday, June 25th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.01.

Interpublic Group of Companies Trading Down 1.1%

Interpublic Group of Companies stock opened at $26.40 on Friday. Interpublic Group of Companies, Inc. has a 52 week low of $22.51 and a 52 week high of $33.05. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $9.67 billion, a P/E ratio of 22.37 and a beta of 1.09. The stock has a 50-day simple moving average of $25.73 and a 200 day simple moving average of $25.21.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.20. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%.The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s revenue was down 6.6% on a year-over-year basis. Analysts expect that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Tuesday, September 2nd. Interpublic Group of Companies’s payout ratio is currently 111.86%.

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.