Proquility Private Wealth Partners LLC Reduces Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Proquility Private Wealth Partners LLC lessened its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 69.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,575 shares of the business services provider’s stock after selling 40,522 shares during the quarter. Proquility Private Wealth Partners LLC’s holdings in Interpublic Group of Companies were worth $492,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of Interpublic Group of Companies by 15.1% in the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after purchasing an additional 3,920,975 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Interpublic Group of Companies by 240.9% in the third quarter. Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider’s stock valued at $913,000 after buying an additional 20,395 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Interpublic Group of Companies by 2,679.9% during the third quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider’s stock worth $965,000 after buying an additional 29,425 shares during the period. ING Groep NV acquired a new stake in shares of Interpublic Group of Companies during the third quarter valued at about $1,589,000. Finally, Bridgewater Associates LP raised its stake in shares of Interpublic Group of Companies by 956.5% in the 3rd quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider’s stock valued at $3,313,000 after acquiring an additional 94,821 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Up 1.4 %

Shares of NYSE:IPG opened at $28.22 on Wednesday. The Interpublic Group of Companies, Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $35.17. The firm’s 50 day moving average price is $28.79 and its 200 day moving average price is $30.05. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 13.31 and a beta of 1.11.

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, meeting analysts’ consensus estimates of $0.70. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS. As a group, equities research analysts predict that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.33 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.68%. Interpublic Group of Companies’s dividend payout ratio is currently 62.26%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Macquarie reiterated a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Barclays decreased their target price on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Friday, January 10th. Finally, Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $32.50.

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.