Mn Services Vermogensbeheer B.V. Reduces Stock Holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Mn Services Vermogensbeheer B.V. reduced its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 9.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 136,000 shares of the business services provider's stock after selling 15,000 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Interpublic Group of Companies were worth $3,694,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board lifted its stake in Interpublic Group of Companies by 139.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 13,210,446 shares of the business services provider's stock worth $370,157,000 after purchasing an additional 7,693,636 shares during the last quarter. First Trust Advisors LP increased its position in shares of Interpublic Group of Companies by 13.0% during the 4th quarter. First Trust Advisors LP now owns 12,975,872 shares of the business services provider's stock valued at $363,584,000 after purchasing an additional 1,492,019 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Interpublic Group of Companies by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,938,530 shares of the business services provider's stock valued at $362,538,000 after buying an additional 511,607 shares in the last quarter. Invesco Ltd. lifted its position in Interpublic Group of Companies by 14.8% in the 4th quarter. Invesco Ltd. now owns 10,264,732 shares of the business services provider's stock worth $287,618,000 after buying an additional 1,320,345 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Interpublic Group of Companies by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 9,531,530 shares of the business services provider's stock worth $266,614,000 after buying an additional 81,996 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Trading Up 0.3%

Shares of NYSE IPG traded up $0.08 during mid-day trading on Thursday, hitting $23.09. The stock had a trading volume of 7,019,763 shares, compared to its average volume of 5,649,429. The business has a 50 day moving average price of $24.29 and a two-hundred day moving average price of $26.43. 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 debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $8.54 billion, a P/E ratio of 17.63 and a beta of 1.06.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.98 billion. Interpublic Group of Companies had a net margin of 4.69% and a return on equity of 27.21%. The company's revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 earnings per share. On average, equities 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 firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.33 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 5.72%. Interpublic Group of Companies's dividend payout ratio is presently 100.76%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wall Street Zen began coverage on shares of Interpublic Group of Companies in a research report on Tuesday, May 20th. They set a "hold" rating on the stock. Barclays reduced their target price on shares of Interpublic Group of Companies from $36.00 to $34.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Finally, Citigroup reiterated a "buy" rating and issued a $35.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Interpublic Group of Companies currently has an average rating of "Hold" and an average target price of $33.44.

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.