Lmcg Investments LLC Lowers Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Lmcg Investments LLC trimmed its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 65.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 41,759 shares of the business services provider's stock after selling 77,749 shares during the period. Lmcg Investments LLC's holdings in Interpublic Group of Companies were worth $1,134,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in shares of Interpublic Group of Companies by 75.8% during the fourth quarter. Allworth Financial LP now owns 1,113 shares of the business services provider's stock valued at $31,000 after purchasing an additional 480 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of Interpublic Group of Companies during the first quarter valued at approximately $31,000. OFI Invest Asset Management bought a new stake in shares of Interpublic Group of Companies during the fourth quarter valued at approximately $36,000. Raiffeisen Bank International AG bought a new stake in shares of Interpublic Group of Companies during the fourth quarter valued at approximately $42,000. Finally, GeoWealth Management LLC increased its position 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 in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies Trading Down 1.3%

NYSE:IPG opened at $22.65 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05. The company has a market cap of $8.37 billion, a PE ratio of 12.37 and a beta of 1.09. The company has a 50 day simple moving average of $24.48 and a two-hundred day simple moving average of $26.83.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Interpublic Group of Companies had a net margin of 6.45% and a return on equity of 27.10%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the firm posted $0.36 EPS. The firm's revenue was down 6.9% on a year-over-year basis. Research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 12th that allows the company to buyback $155.00 million in shares. This buyback authorization allows the business services provider to reacquire up to 1.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Interpublic Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend is Monday, June 2nd. Interpublic Group of Companies's payout ratio is 100.76%.

Analyst Upgrades and Downgrades

IPG has been the subject of several analyst reports. Barclays reduced their price target on shares of Interpublic Group of Companies from $36.00 to $34.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Wall Street Zen initiated coverage on shares of Interpublic Group of Companies in a research report on Tuesday, May 20th. They set a "hold" rating for the company. Citigroup reissued a "buy" rating and set a $35.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. UBS Group raised shares of Interpublic Group of Companies from a "sell" rating to a "neutral" rating and reduced their price target for the company from $29.00 to $27.00 in a research report on Thursday, February 13th. Finally, Argus downgraded shares of Interpublic Group of Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $33.44.

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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