Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Stock Holdings Lessened by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 62.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 18,279 shares of the business services provider's stock after selling 29,963 shares during the period. Exchange Traded Concepts LLC's holdings in Interpublic Group of Companies were worth $496,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Principal Securities Inc. boosted its stake in Interpublic Group of Companies by 37.8% in the fourth quarter. Principal Securities Inc. now owns 8,034 shares of the business services provider's stock valued at $225,000 after acquiring an additional 2,203 shares during the period. Allworth Financial LP lifted its holdings in shares of Interpublic Group of Companies by 75.8% in the 4th quarter. Allworth Financial LP now owns 1,113 shares of the business services provider's stock worth $31,000 after purchasing an additional 480 shares during the last quarter. CIBC Asset Management Inc boosted its position in Interpublic Group of Companies by 1.7% during the 4th quarter. CIBC Asset Management Inc now owns 65,251 shares of the business services provider's stock valued at $1,828,000 after purchasing an additional 1,060 shares during the period. Handelsbanken Fonder AB grew its stake in Interpublic Group of Companies by 4.0% during the 4th quarter. Handelsbanken Fonder AB now owns 96,900 shares of the business services provider's stock worth $2,715,000 after buying an additional 3,700 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in Interpublic Group of Companies in the fourth quarter worth $247,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG traded down $0.55 during trading on Wednesday, reaching $24.14. The company had a trading volume of 9,246,017 shares, compared to its average volume of 5,773,775. The firm's fifty day moving average is $24.23 and its 200 day moving average is $26.25. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $8.93 billion, a PE ratio of 18.43 and a beta of 1.06. Interpublic Group of Companies, Inc. has a twelve month low of $22.51 and a twelve month high of $33.05.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.98 billion. Interpublic Group of Companies had a return on equity of 27.21% and a net margin of 4.69%. The firm's revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, equities analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.33 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.32 annualized dividend and a dividend yield of 5.47%. Interpublic Group of Companies's dividend payout ratio (DPR) is 100.76%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IPG shares. Barclays lowered shares of Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $34.00 to $27.50 in a research report on Wednesday. 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. Finally, Wall Street Zen initiated coverage on shares of Interpublic Group of Companies in a research note on Tuesday, May 20th. They issued a "hold" rating on the stock. One 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, Interpublic Group of Companies has an average rating of "Hold" and an average price target of $32.72.

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.