The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC trimmed its position in The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,900 shares of the business services provider’s stock after selling 900 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Interpublic Group of Companies were worth $943,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of IPG. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Interpublic Group of Companies in the 4th quarter valued at $29,000. Tobam grew its position in shares of Interpublic Group of Companies by 2,340.0% in the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock valued at $36,000 after buying an additional 1,053 shares during the last quarter. First Command Advisory Services Inc. purchased a new position in shares of Interpublic Group of Companies in the 3rd quarter valued at $43,000. MCF Advisors LLC purchased a new position in shares of Interpublic Group of Companies in the 4th quarter valued at $43,000. Finally, Assetmark Inc. grew its position in shares of Interpublic Group of Companies by 27.5% in the 4th quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock valued at $56,000 after buying an additional 368 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG traded down $0.10 on Tuesday, hitting $31.60. The company’s stock had a trading volume of 556,118 shares, compared to its average volume of 3,803,186. The Interpublic Group of Companies, Inc. has a 12-month low of $27.20 and a 12-month high of $40.95. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 2.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50 day moving average of $31.48 and a 200-day moving average of $31.78.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.18 billion. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 earnings per share. As a group, research analysts predict that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Tuesday, June 4th. Interpublic Group of Companies’s payout ratio is 46.98%.

Wall Street Analyst Weigh In

A number of research firms recently commented on IPG. JPMorgan Chase & Co. dropped their target price on shares of Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Barclays lifted their target price on shares of Interpublic Group of Companies from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, Wells Fargo & Company lowered their target price on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $35.13.

Read Our Latest Report on IPG

Interpublic Group of Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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