Farmers & Merchants Investments Inc. Sells 2,057 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Farmers & Merchants Investments Inc. lessened its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 11.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,338 shares of the business services provider’s stock after selling 2,057 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Interpublic Group of Companies were worth $485,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Interpublic Group of Companies by 0.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,006,155 shares of the business services provider’s stock worth $32,831,000 after buying an additional 7,326 shares in the last quarter. Norden Group LLC acquired a new position in Interpublic Group of Companies during the first quarter worth $340,000. First Trust Direct Indexing L.P. lifted its holdings in shares of Interpublic Group of Companies by 25.1% during the first quarter. First Trust Direct Indexing L.P. now owns 18,106 shares of the business services provider’s stock valued at $591,000 after acquiring an additional 3,627 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in shares of Interpublic Group of Companies by 3.3% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 10,923 shares of the business services provider’s stock valued at $356,000 after purchasing an additional 347 shares in the last quarter. Finally, SpiderRock Advisors LLC bought a new stake in shares of Interpublic Group of Companies in the 1st quarter worth about $603,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

IPG has been the topic of several research analyst reports. Macquarie reaffirmed a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Barclays dropped their price objective on shares of 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. Bank of America lowered their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company restated an “underweight” rating and set a $26.00 target price (down from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Finally, StockNews.com lowered shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.57.

Interpublic Group of Companies Trading Down 0.7 %

Shares of NYSE:IPG opened at $30.03 on Wednesday. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 4.97 and a beta of 1.09. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. The Interpublic Group of Companies, Inc. has a 12 month low of $27.68 and a 12 month high of $35.17. The company’s fifty day simple moving average is $31.29 and its 200 day simple moving average is $30.72.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.51% and a net margin of 7.44%. Interpublic Group of Companies’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.70 earnings per share. As a group, research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.83 EPS for the current fiscal year.

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.