Hancock Whitney Corp Reduces Holdings in Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• Hancock Whitney Corp has reduced its stake in Interpublic Group of Companies by 52.3%, selling 23,589 shares and now holding 21,555 shares valued at $585,000.
• Analysts have recently adjusted their ratings on the company, with UBS lowering the price target to $25.60 and Barclays downgrading their rating from "overweight" to "equal weight".
• Interpublic Group reported earnings of $0.75 per share, exceeding estimates, but experienced a 6.6% decline in quarterly revenue compared to the previous year.

Hancock Whitney Corp decreased its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 52.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,555 shares of the business services provider's stock after selling 23,589 shares during the period. Hancock Whitney Corp's holdings in Interpublic Group of Companies were worth $585,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sentry Investment Management LLC acquired a new position in shares of Interpublic Group of Companies in the 1st quarter valued at $31,000. Raiffeisen Bank International AG acquired a new position in shares of Interpublic Group of Companies in the 4th quarter valued at $42,000. FNY Investment Advisers LLC acquired a new position in shares of Interpublic Group of Companies in the 1st quarter valued at $44,000. Grove Bank & Trust boosted its stake in Interpublic Group of Companies by 1,219.5% during the 1st quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider's stock worth $59,000 after purchasing an additional 2,000 shares during the period. Finally, Brooklyn Investment Group boosted its stake in Interpublic Group of Companies by 20.0% during the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider's stock worth $64,000 after purchasing an additional 391 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock traded down $0.20 during trading hours on Friday, reaching $26.50. 866,198 shares of the stock were exchanged, compared to its average volume of 6,741,539. The stock has a market cap of $9.71 billion, a P/E ratio of 22.47 and a beta of 1.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. Interpublic Group of Companies, Inc. has a 52-week low of $22.51 and a 52-week high of $33.05. The firm's 50 day moving average is $25.71 and its 200 day moving average is $25.24.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.20. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate 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 was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Tuesday, September 2nd. Interpublic Group of Companies's dividend payout ratio (DPR) is currently 111.86%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Interpublic Group of Companies to a "hold" rating in a research note on Saturday, August 16th. JPMorgan Chase & Co. decreased their price target on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Barclays cut shares of Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $34.00 to $27.50 in a research note on Wednesday, June 25th. Finally, UBS Group decreased their price target on shares of 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. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies presently has an average rating of "Hold" and an average target price of $32.01.

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.