Interpublic Group of Companies, Inc. (The) $IPG Position Cut by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. cut its stake in Interpublic Group of Companies by 62.1% during Q2, now holding 18,364 shares valued at approximately $450,000.
• Analyst ratings for Interpublic have varied, with UBS lowering its price target from $27.00 to $25.60 while JPMorgan cut its target from $35.00 to $33.00, indicating a more cautious outlook.
• Interpublic recently declared a quarterly dividend of $0.33 per share, resulting in an annualized yield of 5.0%, though its payout ratio stands at a high 111.86%.

ASR Vermogensbeheer N.V. trimmed its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 62.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 18,364 shares of the business services provider's stock after selling 30,118 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Interpublic Group of Companies were worth $450,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IPG. Sentry Investment Management LLC bought a new stake in Interpublic Group of Companies in the first quarter valued at $31,000. FNY Investment Advisers LLC bought a new stake in shares of Interpublic Group of Companies during the first quarter valued at about $44,000. Grove Bank & Trust raised its stake in shares of 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 valued at $59,000 after purchasing an additional 2,000 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of 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 valued at $64,000 after purchasing an additional 391 shares in the last quarter. Finally, Ancora Advisors LLC bought a new stake in shares of Interpublic Group of Companies during the first quarter valued at about $102,000. 98.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IPG shares. UBS Group cut their price objective on shares of 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. Weiss Ratings restated a "hold (c)" rating on shares of Interpublic Group of Companies in a research note on Saturday, September 27th. 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 note on Thursday, July 10th. Barclays cut shares of Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $34.00 to $27.50 in a research note on Wednesday, June 25th. Finally, Wall Street Zen upgraded shares of Interpublic Group of Companies to a "hold" rating in a research report on Saturday, August 16th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $32.01.

Interpublic Group of Companies Price Performance

Shares of Interpublic Group of Companies stock opened at $26.51 on Friday. The company's 50-day moving average price is $26.11 and its two-hundred day moving average price is $25.15. The stock has a market cap of $9.71 billion, a PE ratio of 22.46 and a beta of 1.09. Interpublic Group of Companies, Inc. has a 52 week low of $22.51 and a 52 week high of $33.05. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78.

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

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.32 dividend on an annualized basis and a 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.

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