The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Sendero Wealth Management LLC

Sendero Wealth Management LLC lowered its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 69.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,552 shares of the business services provider’s stock after selling 19,496 shares during the quarter. Sendero Wealth Management LLC’s holdings in Interpublic Group of Companies were worth $240,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in IPG. State Street Corp grew its holdings in Interpublic Group of Companies by 15.1% in the third quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after purchasing an additional 3,920,975 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Interpublic Group of Companies by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock worth $393,064,000 after acquiring an additional 270,857 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Interpublic Group of Companies by 0.9% in the third quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock valued at $298,107,000 after acquiring an additional 81,265 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 valued at $199,063,000 after acquiring an additional 828,150 shares during the last quarter. Finally, Ariel Investments LLC increased its position in Interpublic Group of Companies by 3.5% during the 2nd quarter. Ariel Investments LLC now owns 5,710,448 shares of the business services provider’s stock worth $166,117,000 after purchasing an additional 193,898 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on IPG. Barclays decreased their price target on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price target for the stock 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 objective for the company in a research note on Friday, January 10th. Finally, StockNews.com initiated coverage on shares of Interpublic Group of Companies in a research report on Sunday. They issued a “hold” rating on the stock. Two 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 MarketBeat, Interpublic Group of Companies has an average rating of “Hold” and a consensus target price of $32.50.

Interpublic Group of Companies Stock Up 1.8 %

NYSE:IPG opened at $27.79 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50-day simple moving average of $28.91 and a 200 day simple moving average of $30.06. The Interpublic Group of Companies, Inc. has a one year low of $26.30 and a one year high of $35.17. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 13.11 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. The business had revenue of $2.24 billion during 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 company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS. Sell-side 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 business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend was Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) 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.