Van Lanschot Kempen Investment Management N.V. Has $2.97 Million Position in Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its holdings in Interpublic Group by 10.5% during Q1, now owning 109,329 shares valued at approximately $2.97 million.
• Interpublic Group reported a quarterly earnings per share (EPS) of $0.75, exceeding analysts' estimates of $0.55, despite a 6.6% year-over-year revenue decline.
• The company declared a quarterly dividend of $0.33 per share, with an annualized yield of 5.0%, although its dividend payout ratio currently stands at 111.86%.

Van Lanschot Kempen Investment Management N.V. lessened its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 10.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,329 shares of the business services provider's stock after selling 12,767 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Interpublic Group of Companies were worth $2,969,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group raised its holdings in Interpublic Group of Companies by 20.0% in the 1st 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. Prosperity Consulting Group LLC increased its holdings in Interpublic Group of Companies by 2.3% in the 4th quarter. Prosperity Consulting Group LLC now owns 21,236 shares of the business services provider's stock valued at $595,000 after buying an additional 470 shares during the period. Penserra Capital Management LLC increased its holdings in Interpublic Group of Companies by 3.8% in the 1st quarter. Penserra Capital Management LLC now owns 15,102 shares of the business services provider's stock valued at $410,000 after buying an additional 552 shares during the period. Diversified Trust Co lifted its holdings in shares of Interpublic Group of Companies by 0.5% during the first quarter. Diversified Trust Co now owns 119,908 shares of the business services provider's stock valued at $3,257,000 after acquiring an additional 572 shares during the period. Finally, GeoWealth Management LLC lifted its holdings in shares of Interpublic Group of Companies by 20.7% during the fourth quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider's stock valued at $94,000 after acquiring an additional 573 shares during the period. Institutional investors own 98.43% of the company's stock.

Interpublic Group of Companies Trading Up 2.6%

Shares of IPG stock traded up $0.6960 on Friday, reaching $27.2260. 9,881,041 shares of the stock were exchanged, compared to its average volume of 5,180,988. The stock has a market cap of $9.97 billion, a PE ratio of 23.07 and a beta of 1.05. Interpublic Group of Companies, Inc. has a one year low of $22.51 and a one year high of $33.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a 50 day moving average price of $25.00 and a 200 day moving average price of $25.28.

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, topping analysts' consensus estimates 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 company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The firm's quarterly revenue was down 6.6% on a year-over-year basis. Equities research analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, September 2nd. Interpublic Group of Companies's payout ratio is 111.86%.

Analyst Ratings Changes

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

About Interpublic Group of Companies

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.