Brown Advisory Inc. Has $1.68 Million Holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Brown Advisory Inc. cut its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 96.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,687 shares of the business services provider's stock after selling 1,833,037 shares during the quarter. Brown Advisory Inc.'s holdings in Interpublic Group of Companies were worth $1,675,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IPG. Prosperity Consulting Group LLC lifted its holdings in Interpublic Group of Companies by 2.3% during the 4th quarter. Prosperity Consulting Group LLC now owns 21,236 shares of the business services provider's stock worth $595,000 after purchasing an additional 470 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in Interpublic Group of Companies by 3.8% during the 1st quarter. Penserra Capital Management LLC now owns 15,102 shares of the business services provider's stock worth $410,000 after purchasing an additional 552 shares in the last quarter. Diversified Trust Co lifted its holdings in Interpublic Group of Companies by 0.5% during the 1st quarter. Diversified Trust Co now owns 119,908 shares of the business services provider's stock worth $3,257,000 after purchasing an additional 572 shares in the last quarter. GeoWealth Management LLC lifted its holdings in Interpublic Group of Companies by 20.7% during the 4th quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider's stock worth $94,000 after purchasing an additional 573 shares in the last quarter. Finally, Palouse Capital Management Inc. lifted its holdings in Interpublic Group of Companies by 1.1% during the 1st quarter. Palouse Capital Management Inc. now owns 54,763 shares of the business services provider's stock worth $1,487,000 after purchasing an additional 574 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IPG has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday. Wall Street Zen started coverage on Interpublic Group of Companies in a report on Tuesday, May 20th. They issued a "hold" rating on the stock. Barclays cut Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $34.00 to $27.50 in a report on Wednesday, June 25th. Finally, Citigroup reaffirmed a "buy" rating and issued a $35.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy 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 $32.06.

Interpublic Group of Companies Stock Performance

Shares of NYSE IPG opened at $24.76 on Friday. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of 18.90 and a beta of 1.05. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. Interpublic Group of Companies, Inc. has a 1-year low of $22.51 and a 1-year high of $33.05. The stock's 50-day moving average is $24.35 and its 200 day moving average is $25.85.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.98 billion. Interpublic Group of Companies had a return on equity of 27.21% and a net margin of 4.69%. Interpublic Group of Companies's revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.36 EPS. On average, sell-side analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.33%. Interpublic Group of Companies's dividend payout ratio is 100.76%.

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.

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