Farmers & Merchants Investments Inc. Sells 2,645 Shares of Interpublic Group of Companies, Inc. (The) $IPG

Farmers & Merchants Investments Inc. lowered its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 28.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,613 shares of the business services provider’s stock after selling 2,645 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Interpublic Group of Companies were worth $162,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group increased its stake in shares of Interpublic Group of Companies by 20.0% in the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock worth $64,000 after purchasing an additional 391 shares in the last quarter. My Legacy Advisors LLC increased its position in Interpublic Group of Companies by 2.5% in the second quarter. My Legacy Advisors LLC now owns 17,393 shares of the business services provider’s stock worth $435,000 after buying an additional 431 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of Interpublic Group of Companies by 3.8% in the first quarter. Penserra Capital Management LLC now owns 15,102 shares of the business services provider’s stock worth $410,000 after buying an additional 552 shares during the period. Diversified Trust Co lifted its position in shares of Interpublic Group of Companies by 0.5% during the 1st quarter. Diversified Trust Co now owns 119,908 shares of the business services provider’s stock valued at $3,257,000 after buying an additional 572 shares in the last quarter. Finally, Palouse Capital Management Inc. grew its stake in shares of Interpublic Group of Companies by 1.1% during the 1st quarter. Palouse Capital Management Inc. now owns 54,763 shares of the business services provider’s stock valued at $1,487,000 after acquiring an additional 574 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on IPG. JPMorgan Chase & Co. decreased their target price on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Barclays downgraded shares of Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $34.00 to $27.50 in a research report on Wednesday, June 25th. UBS Group dropped their target price on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Finally, Wall Street Zen raised Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $32.01.

Interpublic Group of Companies Price Performance

Interpublic Group of Companies stock opened at $25.53 on Tuesday. Interpublic Group of Companies, Inc. has a 12-month low of $22.51 and a 12-month high of $33.05. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $25.86 and a 200-day moving average price of $25.15. The firm has a market capitalization of $9.35 billion, a PE ratio of 21.64 and a beta of 1.09.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.55 by $0.20. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%.Interpublic Group of Companies’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. As a group, equities research analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.2%. The ex-dividend date was Tuesday, September 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 111.86%.

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.