Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.78 Million Position in Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Interpublic Group by 34.1% during the first quarter, holding 102,154 shares valued at $2.775 million.
• Research analysts have set a range of price targets for Interpublic Group, with JPMorgan Chase lowering their target from $35.00 to $33.00, while Barclays downgraded their rating and cut their price target from $34.00 to $27.50.
• The company announced a quarterly dividend of $0.33, yielding 5.1%, with its dividend payout ratio currently at 111.86%.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 34.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 102,154 shares of the business services provider's stock after selling 52,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Interpublic Group of Companies were worth $2,775,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of IPG. Mariner LLC boosted its stake in Interpublic Group of Companies by 10.1% in the fourth quarter. Mariner LLC now owns 36,895 shares of the business services provider's stock worth $1,034,000 after purchasing an additional 3,371 shares in the last quarter. Jump Financial LLC acquired a new position in Interpublic Group of Companies in the fourth quarter worth $675,000. PEAK6 LLC acquired a new position in Interpublic Group of Companies in the fourth quarter worth $462,000. Marshall Wace LLP acquired a new position in Interpublic Group of Companies in the fourth quarter worth $10,033,000. Finally, GeoWealth Management LLC boosted its stake in Interpublic Group of Companies by 20.7% in the fourth 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. Institutional investors and hedge funds own 98.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on IPG shares. Wall Street Zen raised Interpublic Group of Companies to a "hold" rating in a research note on Saturday. UBS Group cut their price target on 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 Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $34.00 to $27.50 in a research note on Wednesday, June 25th. Finally, JPMorgan Chase & Co. cut their price target on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $32.39.

Interpublic Group of Companies Trading Up 0.1%

NYSE:IPG traded up $0.0250 during mid-day trading on Wednesday, hitting $26.6050. The company had a trading volume of 5,050,609 shares, compared to its average volume of 6,909,122. 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 fifty day moving average is $24.80 and its two-hundred day moving average is $25.32. 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 firm has a market cap of $9.74 billion, a P/E ratio of 22.55 and a beta of 1.05.

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

Interpublic Group of Companies Announces Dividend

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

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.