Crossmark Global Holdings Inc. Boosts Holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Crossmark Global Holdings Inc. increased its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 10.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 353,377 shares of the business services provider's stock after acquiring an additional 32,832 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.09% of Interpublic Group of Companies worth $9,598,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Prosperity Consulting Group LLC grew its stake in Interpublic Group of Companies by 2.3% in the 4th quarter. Prosperity Consulting Group LLC now owns 21,236 shares of the business services provider's stock worth $595,000 after buying an additional 470 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of Interpublic Group of Companies by 3.8% in the 1st quarter. Penserra Capital Management LLC now owns 15,102 shares of the business services provider's stock valued at $410,000 after purchasing an additional 552 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Interpublic Group of Companies by 0.5% in the 1st quarter. Diversified Trust Co now owns 119,908 shares of the business services provider's stock valued at $3,257,000 after purchasing an additional 572 shares in the last quarter. GeoWealth Management LLC boosted its stake in shares of Interpublic Group of Companies by 20.7% in the 4th quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider's stock valued at $94,000 after purchasing an additional 573 shares in the last quarter. Finally, Palouse Capital Management Inc. boosted its stake in shares of Interpublic Group of Companies by 1.1% in the 1st quarter. Palouse Capital Management Inc. now owns 54,763 shares of the business services provider's stock valued at $1,487,000 after purchasing an additional 574 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Interpublic Group of Companies Stock Performance

NYSE IPG traded down $0.24 on Friday, reaching $24.76. 5,409,953 shares of the stock were exchanged, compared to its average volume of 5,909,581. Interpublic Group of Companies, Inc. has a one year low of $22.51 and a one year high of $33.05. The firm has a market capitalization of $9.15 billion, a PE ratio of 18.90 and a beta of 1.05. The company's 50-day simple moving average is $24.35 and its two-hundred day simple moving average is $25.87. 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 (NYSE:IPG - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $0.33 EPS for the quarter, topping 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 net margin of 4.69% and a return on equity of 27.21%. The firm's revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 EPS. Analysts expect 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. Shareholders of record on Monday, June 2nd were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend was Monday, June 2nd. Interpublic Group of Companies's payout ratio is 100.76%.

Analyst Upgrades and Downgrades

IPG has been the subject of a number of recent analyst reports. Citigroup reiterated a "buy" rating and set a $35.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price objective on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday. Wall Street Zen initiated coverage on shares of Interpublic Group of Companies in a research report on Tuesday, May 20th. They set a "hold" rating on the stock. Finally, Barclays downgraded shares of Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $34.00 to $27.50 in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $32.06.

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.