Interpublic Group of Companies, Inc. (The) $IPG Stock Holdings Trimmed by WealthPLAN Partners LLC

WealthPLAN Partners LLC trimmed its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 7.6% during the second quarter, Holdings Channel.com reports. The firm owned 16,708 shares of the business services provider’s stock after selling 1,375 shares during the quarter. WealthPLAN Partners LLC’s holdings in Interpublic Group of Companies were worth $409,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board grew its position in Interpublic Group of Companies by 5.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 13,885,384 shares of the business services provider’s stock valued at $377,127,000 after buying an additional 674,938 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Interpublic Group of Companies by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,781,455 shares of the business services provider’s stock valued at $374,304,000 after acquiring an additional 842,925 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Interpublic Group of Companies by 49.0% in the first quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider’s stock valued at $231,138,000 after acquiring an additional 2,797,490 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Interpublic Group of Companies by 32.0% in the first quarter. Deutsche Bank AG now owns 4,972,412 shares of the business services provider’s stock valued at $135,051,000 after acquiring an additional 1,206,542 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Interpublic Group of Companies by 4.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,867,134 shares of the business services provider’s stock valued at $132,191,000 after acquiring an additional 196,906 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $26.33 on Friday. Interpublic Group of Companies, Inc. has a twelve month low of $22.51 and a twelve 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 company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 22.31 and a beta of 1.09. The firm has a 50-day moving average of $26.44 and a two-hundred day moving average of $25.17.

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

Interpublic Group of Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

IPG has been the subject of several recent analyst reports. Barclays increased their price objective on shares of Interpublic Group of Companies from $27.50 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Zacks Research cut shares of Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a report on Monday. Wall Street Zen raised shares of Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Interpublic Group of Companies in a report on Wednesday, October 8th. Finally, UBS Group cut their price target 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. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.09.

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.