Valley National Advisers Inc. Has $183,000 Stock Holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Valley National Advisers Inc. reduced its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 81.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,746 shares of the business services provider's stock after selling 29,363 shares during the period. Valley National Advisers Inc.'s holdings in Interpublic Group of Companies were worth $183,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Canada Pension Plan Investment Board grew its stake in Interpublic Group of Companies by 139.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 13,210,446 shares of the business services provider's stock worth $370,157,000 after buying an additional 7,693,636 shares during the last quarter. First Trust Advisors LP grew its position in shares of Interpublic Group of Companies by 13.0% during the fourth quarter. First Trust Advisors LP now owns 12,975,872 shares of the business services provider's stock worth $363,584,000 after acquiring an additional 1,492,019 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Interpublic Group of Companies by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,938,530 shares of the business services provider's stock worth $362,538,000 after acquiring an additional 511,607 shares during the period. 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 valued at $287,618,000 after purchasing an additional 1,320,345 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Interpublic Group of Companies by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 9,531,530 shares of the business services provider's stock valued at $266,614,000 after purchasing an additional 81,996 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

Interpublic Group of Companies Price Performance

Shares of IPG traded down $0.17 during trading hours on Friday, hitting $25.38. 4,872,664 shares of the company were exchanged, compared to its average volume of 5,865,478. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $9.38 billion, a PE ratio of 19.37 and a beta of 1.05. The firm has a fifty day simple moving average of $24.34 and a 200-day simple moving average of $26.02. Interpublic Group of Companies, Inc. has a one year low of $22.51 and a one year high of $33.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.98 billion. Interpublic Group of Companies had a return on equity of 27.21% and a net margin of 4.69%. Interpublic Group of Companies's revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. As a group, sell-side analysts predict that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend was Monday, June 2nd. Interpublic Group of Companies's dividend payout ratio (DPR) is currently 100.76%.

Wall Street Analyst Weigh In

IPG has been the topic of several analyst reports. Citigroup restated a "buy" rating and issued a $35.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, April 15th. Wall Street Zen initiated coverage on Interpublic Group of Companies in a research report on Tuesday, May 20th. They issued a "hold" rating on the stock. Finally, Barclays downgraded Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $34.00 to $27.50 in a research note on Wednesday, June 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $32.72.

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.