Interpublic Group of Companies, Inc. (The) $IPG Shares Sold by Caption Management LLC

Key Points

• Caption Management LLC reduced its stake in Interpublic Group of Companies by 74.1%, holding 10,100 shares worth $274,000 after selling 28,900 shares in the first quarter.
• Several institutional investors increased their ownership in Interpublic, with Canada Pension Plan Investment Board raising its stake by 5.1% to 13.88 million shares valued at $377.1 million.
• Interpublic Group reported $0.75 EPS in its latest earnings, exceeding estimates of $0.55, but revenue declined 6.6% year-over-year to $2.17 billion.

Caption Management LLC lessened its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 74.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,100 shares of the business services provider's stock after selling 28,900 shares during the quarter. Caption Management LLC's holdings in Interpublic Group of Companies were worth $274,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new position in shares of Interpublic Group of Companies during the 1st quarter worth $1,480,000. Asset Management One Co. Ltd. grew its holdings in shares of Interpublic Group of Companies by 2.4% in the first 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 position in Interpublic Group of Companies by 2.8% during the first 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 during the last quarter. LPL Financial LLC raised its stake in Interpublic Group of Companies by 7.5% during the first quarter. LPL Financial LLC now owns 500,207 shares of the business services provider's stock worth $13,586,000 after purchasing an additional 34,753 shares during the period. Finally, NBC Securities Inc. boosted its holdings in Interpublic Group of Companies by 106,420.0% in the 1st quarter. NBC Securities Inc. now owns 5,326 shares of the business services provider's stock valued at $144,000 after purchasing an additional 5,321 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Interpublic Group of Companies Trading Up 1.1%

Shares of NYSE IPG traded up $0.31 during trading on Friday, reaching $27.15. The stock had a trading volume of 4,337,362 shares, compared to its average volume of 5,282,587. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $9.94 billion, a P/E ratio of 23.01 and a beta of 1.09. Interpublic Group of Companies, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $33.05. The business's 50-day moving average price is $25.60 and its 200-day moving average price is $25.23.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.15 billion. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The business's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. On average, equities research analysts predict that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, September 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.9%. Interpublic Group of Companies's dividend payout ratio is 111.86%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Interpublic Group of Companies to a "hold" rating in a report on Saturday, August 16th. UBS Group cut their target price on Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Barclays downgraded Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $34.00 to $27.50 in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. cut 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. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies presently has a consensus 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.