Quantbot Technologies LP Trims Holdings in Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• Quantbot Technologies LP reduced its stake in Interpublic Group of Companies by 58.0% during the first quarter, after selling 148,693 shares, now owning 107,704 shares worth approximately $2.93 million.
• Interpublic Group reported $0.75 EPS for the quarter, exceeding estimates of $0.55, but experienced a 6.6% decline in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $0.33 per share, representing a 5.0% yield, with a payout ratio of 111.86%.

Quantbot Technologies LP trimmed its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 58.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,704 shares of the business services provider's stock after selling 148,693 shares during the period. Quantbot Technologies LP's holdings in Interpublic Group of Companies were worth $2,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IPG. Sentry Investment Management LLC acquired a new stake in Interpublic Group of Companies during the first quarter worth about $31,000. Raiffeisen Bank International AG acquired a new stake in Interpublic Group of Companies during the fourth quarter worth about $42,000. FNY Investment Advisers LLC acquired a new stake in Interpublic Group of Companies during the first quarter worth about $44,000. Grove Bank & Trust grew its holdings in Interpublic Group of Companies by 1,219.5% during the first quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider's stock worth $59,000 after acquiring an additional 2,000 shares during the period. Finally, Brooklyn Investment Group grew its holdings in Interpublic Group of Companies by 20.0% during the first quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider's stock worth $64,000 after acquiring an additional 391 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on IPG. JPMorgan Chase & Co. dropped their target price on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. UBS Group dropped their price objective on Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Barclays lowered Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $34.00 to $27.50 in a report on Wednesday, June 25th. Finally, Wall Street Zen raised Interpublic Group of Companies to a "hold" rating in a report on Saturday, August 16th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of "Hold" and a consensus price target of $32.39.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG traded up $0.6960 during midday trading on Friday, hitting $27.2260. The stock had a trading volume of 9,881,041 shares, compared to its average volume of 5,180,988. The company has a market capitalization of $9.97 billion, a PE ratio of 23.07 and a beta of 1.05. The stock has a 50 day simple moving average of $25.00 and a 200-day simple moving average of $25.28. Interpublic Group of Companies, Inc. has a 1 year low of $22.51 and a 1 year high of $33.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78.

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. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%.The business's quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share. On average, sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $0.33 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.8%. Interpublic Group of Companies's dividend payout ratio is presently 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.