Arkadios Wealth Advisors Sells 112,266 Shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Key Points

• Arkadios Wealth Advisors reduced its holdings in Interpublic Group of Companies by 86.6%, selling 112,266 shares during the first quarter, leaving it with 17,337 shares valued at $471,000.
• Analysts have mixed outlooks on the company; UBS lowered its target price from $27.00 to $25.60, while Citigroup maintained a "buy" rating with a target price of $35.00.
• Interpublic Group recently announced a quarterly dividend of $0.33 per share, representing an annual yield of 5.3%, despite a high dividend payout ratio of 111.86%.

Arkadios Wealth Advisors reduced its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 86.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,337 shares of the business services provider's stock after selling 112,266 shares during the quarter. Arkadios Wealth Advisors' holdings in Interpublic Group of Companies were worth $471,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Sentry Investment Management LLC bought a new position in Interpublic Group of Companies in the first quarter valued at approximately $31,000. Raiffeisen Bank International AG acquired a new stake in Interpublic Group of Companies during the 4th quarter worth approximately $42,000. FNY Investment Advisers LLC bought a new stake in Interpublic Group of Companies during the 1st quarter worth approximately $44,000. Grove Bank & Trust increased its position in Interpublic Group of Companies by 1,219.5% in the 1st quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider's stock valued at $59,000 after acquiring an additional 2,000 shares during the period. Finally, GeoWealth Management LLC raised its stake 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 last quarter. Institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IPG. Citigroup restated a "buy" rating and issued a $35.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, April 15th. UBS Group cut their target price 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. Wall Street Zen started coverage on Interpublic Group of Companies in a report on Tuesday, May 20th. They set a "hold" rating on the stock. Barclays downgraded shares of Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $34.00 to $27.50 in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $32.39.

Interpublic Group of Companies Stock Up 0.8%

Shares of NYSE:IPG traded up $0.21 during trading on Wednesday, reaching $24.95. 4,602,261 shares of the stock were exchanged, compared to its average volume of 7,009,271. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of 21.14 and a beta of 1.05. The stock has a fifty day moving average of $24.37 and a two-hundred day moving average of $25.52. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. Interpublic Group of Companies, Inc. has a 1-year low of $22.51 and a 1-year high of $33.05.

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 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 analyst estimates of $2.15 billion. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. Interpublic Group of Companies's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. Research analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.33 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. 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.