Olympiad Research LP Has $300,000 Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Olympiad Research LP lowered its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 28.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,469 shares of the business services provider’s stock after selling 3,744 shares during the period. Olympiad Research LP’s holdings in Interpublic Group of Companies were worth $300,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Interpublic Group of Companies by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock worth $199,063,000 after buying an additional 828,150 shares in the last quarter. Ariel Investments LLC boosted its stake in shares of Interpublic Group of Companies by 3.5% in the 2nd quarter. Ariel Investments LLC now owns 5,710,448 shares of the business services provider’s stock valued at $166,117,000 after purchasing an additional 193,898 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Interpublic Group of Companies by 4.8% in the 2nd quarter. American Century Companies Inc. now owns 5,604,984 shares of the business services provider’s stock valued at $163,049,000 after purchasing an additional 255,250 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Interpublic Group of Companies by 19.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider’s stock valued at $158,157,000 after purchasing an additional 899,332 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Interpublic Group of Companies by 7.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,277,771 shares of the business services provider’s stock valued at $72,041,000 after purchasing an additional 157,695 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Down 1.0 %

Shares of NYSE:IPG opened at $30.07 on Friday. The Interpublic Group of Companies, Inc. has a 12 month low of $28.00 and a 12 month high of $35.17. The company’s 50-day moving average price is $30.95 and its two-hundred day moving average price is $30.68. 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 firm has a market cap of $11.20 billion, a P/E ratio of 14.18, a P/E/G ratio of 4.93 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the company posted $0.70 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. As a group, research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.39%. Interpublic Group of Companies’s payout ratio is presently 62.26%.

Analyst Ratings Changes

Several brokerages have recently commented on IPG. StockNews.com upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Macquarie reiterated a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. UBS Group lowered shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Finally, BNP Paribas lowered shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Interpublic Group of Companies has a consensus rating of “Hold” and an average 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.