Kentucky Retirement Systems Has $949,000 Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Kentucky Retirement Systems lowered its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,086 shares of the business services provider’s stock after selling 1,558 shares during the quarter. Kentucky Retirement Systems’ holdings in Interpublic Group of Companies were worth $949,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Interpublic Group of Companies by 12.1% in the 1st quarter. Bank of New York Mellon Corp now owns 14,096,675 shares of the business services provider’s stock valued at $459,975,000 after purchasing an additional 1,516,975 shares in the last quarter. Norges Bank bought a new stake in Interpublic Group of Companies during the 4th quarter worth approximately $32,620,000. First Trust Advisors LP increased its holdings in Interpublic Group of Companies by 12.7% during the 4th quarter. First Trust Advisors LP now owns 6,922,608 shares of the business services provider’s stock valued at $225,954,000 after purchasing an additional 777,456 shares in the last quarter. KBC Group NV raised its position in Interpublic Group of Companies by 101.9% in the 4th quarter. KBC Group NV now owns 1,068,063 shares of the business services provider’s stock valued at $34,862,000 after purchasing an additional 538,935 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Interpublic Group of Companies by 505.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 495,934 shares of the business services provider’s stock worth $16,187,000 after purchasing an additional 413,994 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 1.1 %

Shares of Interpublic Group of Companies stock traded up $0.33 during trading hours on Monday, hitting $31.31. The company’s stock had a trading volume of 843,352 shares, compared to its average volume of 3,942,255. The company has a market capitalization of $11.76 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 3.29 and a beta of 1.12. 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 stock has a 50 day moving average of $29.97 and a 200 day moving average of $31.22. The Interpublic Group of Companies, Inc. has a 12 month low of $27.20 and a 12 month high of $35.24.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. Interpublic Group of Companies’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 EPS. Analysts predict 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 was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date was Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Wall Street Analysts Forecast Growth

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

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.