F M Investments LLC Has $1.57 Million Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

F M Investments LLC cut its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 10.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,005 shares of the business services provider’s stock after selling 5,546 shares during the quarter. F M Investments LLC’s holdings in Interpublic Group of Companies were worth $1,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Richardson Financial Services Inc. raised its position in Interpublic Group of Companies by 8.4% in the 1st quarter. Richardson Financial Services Inc. now owns 4,530 shares of the business services provider’s stock valued at $148,000 after buying an additional 350 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of Interpublic Group of Companies by 9.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock worth $131,000 after acquiring an additional 365 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Interpublic Group of Companies by 73.8% in the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 375 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Interpublic Group of Companies by 2.2% during the second quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock valued at $494,000 after purchasing an additional 382 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Interpublic Group of Companies by 2.9% during the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock worth $445,000 after purchasing an additional 399 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

NYSE:IPG opened at $29.48 on Friday. The company has a market capitalization of $10.98 billion, a P/E ratio of 13.91, a P/E/G ratio of 4.92 and a beta of 1.10. The business has a fifty day simple moving average of $31.15 and a two-hundred day simple moving average of $30.70. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The Interpublic Group of Companies, Inc. has a 1 year low of $28.00 and a 1 year high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS. On average, analysts expect that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Macquarie reiterated a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. BNP Paribas lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $26.00 target price (down from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.57.

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.