Marino Stram & Associates LLC Decreases Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Marino Stram & Associates LLC trimmed its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,285 shares of the business services provider’s stock after selling 602 shares during the period. Marino Stram & Associates LLC’s holdings in Interpublic Group of Companies were worth $736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new stake in Interpublic Group of Companies during the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Interpublic Group of Companies during the 3rd quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its position in shares of Interpublic Group of Companies by 52.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 405 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Interpublic Group of Companies during the 3rd quarter valued at about $60,000. Finally, Trust Co. of Vermont grew its position in shares of Interpublic Group of Companies by 250.0% during the 3rd quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 1,500 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IPG has been the topic of a number of analyst reports. Barclays dropped 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 report on Wednesday, October 23rd. StockNews.com began coverage on shares of Interpublic Group of Companies in a research note on Monday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Friday, January 10th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Interpublic Group of Companies currently has a consensus rating of “Hold” and a consensus price target of $32.50.

Interpublic Group of Companies Trading Up 0.0 %

IPG opened at $28.22 on Thursday. 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 company’s 50 day simple moving average is $28.77 and its two-hundred day simple moving average is $30.05. The Interpublic Group of Companies, Inc. has a 1-year low of $26.30 and a 1-year high of $35.17. The firm has a market capitalization 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 released its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, hitting 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 business’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. Analysts expect that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

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

About Interpublic Group of Companies

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.