The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Access Financial Services Inc.

Access Financial Services Inc. lowered its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 26.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,006 shares of the business services provider’s stock after selling 14,061 shares during the quarter. Access Financial Services Inc.’s holdings in Interpublic Group of Companies were worth $1,093,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Amalgamated Bank grew its position in shares of Interpublic Group of Companies by 47.8% in the second quarter. Amalgamated Bank now owns 117,726 shares of the business services provider’s stock valued at $3,425,000 after purchasing an additional 38,079 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Interpublic Group of Companies by 21.0% in the second quarter. Hsbc Holdings PLC now owns 1,039,627 shares of the business services provider’s stock valued at $30,237,000 after purchasing an additional 180,757 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Interpublic Group of Companies by 17.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 135,277 shares of the business services provider’s stock valued at $3,935,000 after purchasing an additional 19,759 shares in the last quarter. Benjamin Edwards Inc. grew its position 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 in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Interpublic Group of Companies by 4.5% in the second quarter. Pacer Advisors Inc. now owns 27,319 shares of the business services provider’s stock valued at $795,000 after purchasing an additional 1,188 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Down 0.2 %

Shares of NYSE IPG opened at $27.84 on Monday. The stock has a market cap of $10.37 billion, a P/E ratio of 13.13 and a beta of 1.11. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The Interpublic Group of Companies, Inc. has a 12-month low of $26.30 and a 12-month high of $35.17. The business’s fifty day simple moving average is $28.83 and its 200-day simple moving average is $30.06.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period last year, the firm earned $0.70 earnings per share. Interpublic Group of Companies’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities analysts predict that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio is presently 62.26%.

Wall Street Analysts Forecast Growth

IPG has been the subject of a number of analyst reports. StockNews.com assumed coverage on Interpublic Group of Companies in a research report on Monday. They issued a “hold” rating for the company. Macquarie reiterated a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. Barclays lowered their price objective on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price objective 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.50.

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.