AE Wealth Management LLC Has $11.15 Million Position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

AE Wealth Management LLC cut its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 410,351 shares of the business services provider's stock after selling 68,823 shares during the quarter. AE Wealth Management LLC owned about 0.11% of Interpublic Group of Companies worth $11,145,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Teacher Retirement System of Texas acquired a new position in Interpublic Group of Companies in the first quarter worth approximately $1,480,000. Asset Management One Co. Ltd. boosted its position in shares of Interpublic Group of Companies by 2.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 153,830 shares of the business services provider's stock valued at $4,178,000 after purchasing an additional 3,547 shares during the period. State of Alaska Department of Revenue increased its stake in Interpublic Group of Companies by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 43,655 shares of the business services provider's stock worth $1,185,000 after purchasing an additional 1,170 shares in the last quarter. LPL Financial LLC raised its holdings in Interpublic Group of Companies by 0.9% during the 4th quarter. LPL Financial LLC now owns 465,454 shares of the business services provider's stock worth $13,042,000 after buying an additional 4,177 shares during the period. Finally, Schroder Investment Management Group lifted its stake in Interpublic Group of Companies by 1.0% during the fourth quarter. Schroder Investment Management Group now owns 133,888 shares of the business services provider's stock valued at $3,721,000 after buying an additional 1,267 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Down 1.0%

IPG stock traded down $0.27 during mid-day trading on Friday, hitting $26.05. The stock had a trading volume of 4,322,185 shares, compared to its average volume of 7,782,243. Interpublic Group of Companies, Inc. has a 1-year low of $22.51 and a 1-year high of $33.05. The company has a fifty day moving average of $24.32 and a 200 day moving average of $25.65. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 22.07 and a beta of 1.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.20. The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.15 billion. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. Interpublic Group of Companies's revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. On average, equities analysts expect that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date was Monday, June 2nd. Interpublic Group of Companies's dividend payout ratio is 111.86%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IPG. Wall Street Zen initiated coverage on shares of Interpublic Group of Companies in a research report on Tuesday, May 20th. They issued a "hold" rating on the stock. Citigroup reissued a "buy" rating and set a $35.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, April 15th. Barclays cut Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $34.00 to $27.50 in a research report on Wednesday, June 25th. UBS Group dropped their price target on Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $32.39.

Interpublic Group of Companies Company 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.