Mutual Advisors LLC Trims Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Mutual Advisors LLC trimmed its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 5.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 36,035 shares of the business services provider’s stock after selling 2,223 shares during the quarter. Mutual Advisors LLC’s holdings in Interpublic Group of Companies were worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of IPG. Catalyst Capital Advisors LLC purchased a new stake in shares of Interpublic Group of Companies in the third quarter worth about $26,000. Ashton Thomas Securities LLC bought a new stake in Interpublic Group of Companies during the third quarter worth about $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $38,000 after purchasing an additional 405 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Interpublic Group of Companies during the 3rd quarter valued at about $60,000. Finally, Trust Co. of Vermont raised its stake in shares of Interpublic Group of Companies by 250.0% during the third quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock worth $66,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IPG. JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. Macquarie restated 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. Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $32.00 to $36.00 in a research note on Friday. Finally, BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Interpublic Group of Companies currently has an average rating of “Hold” and an average target price of $33.00.

Interpublic Group of Companies Trading Up 1.0 %

Interpublic Group of Companies stock opened at $28.55 on Friday. The Interpublic Group of Companies, Inc. has a one year low of $26.30 and a one year high of $35.17. The business’s fifty day moving average is $28.76 and its 200 day moving average is $30.03. 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 stock has a market capitalization of $10.63 billion, a PE ratio of 13.47 and a beta of 1.11.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.62%. Interpublic Group of Companies’s payout ratio is 62.26%.

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.