Arvest Investments Inc. Decreases Stock Holdings in Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• Arvest Investments Inc. reduced its stake in Interpublic Group by 31.3% during Q2, now holding 38,508 shares valued at approximately $943,000.
• Interpublic Group reported $0.75 earnings per share in its latest quarterly earnings, exceeding the consensus estimate by $0.20, despite a 6.6% drop in revenue year-over-year.
• The company announced a quarterly dividend of $0.33 per share, equating to an annualized yield of 5.0%, with a high dividend payout ratio of 111.86%.

Arvest Investments Inc. lowered its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 31.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,508 shares of the business services provider's stock after selling 17,539 shares during the quarter. Arvest Investments Inc.'s holdings in Interpublic Group of Companies were worth $943,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sentry Investment Management LLC bought a new position in shares of Interpublic Group of Companies in the 1st quarter worth approximately $31,000. Raiffeisen Bank International AG bought a new position in shares of Interpublic Group of Companies in the 4th quarter worth approximately $42,000. FNY Investment Advisers LLC bought a new position in shares of Interpublic Group of Companies in the 1st quarter worth approximately $44,000. Grove Bank & Trust lifted its stake in shares of Interpublic Group of Companies by 1,219.5% in the 1st quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider's stock worth $59,000 after purchasing an additional 2,000 shares during the period. Finally, Brooklyn Investment Group lifted its stake in shares of Interpublic Group of Companies by 20.0% in the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider's stock worth $64,000 after purchasing an additional 391 shares during the period. Institutional investors own 98.43% of the company's stock.

Interpublic Group of Companies Trading Down 1.1%

Shares of IPG opened at $26.40 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. 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 50 day simple moving average of $25.73 and a two-hundred day simple moving average of $25.21. The firm has a market cap of $9.67 billion, a P/E ratio of 22.37 and a beta of 1.09.

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

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. Interpublic Group of Companies's dividend payout ratio (DPR) is 111.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group lowered their price objective on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Barclays lowered shares of Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $34.00 to $27.50 in a report on Wednesday, June 25th. Wall Street Zen raised shares of Interpublic Group of Companies to a "hold" rating in a report on Saturday, August 16th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Interpublic Group of Companies has an average rating of "Hold" and an average price target of $32.01.

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.

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