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Natixis Advisors LLC Has $1.99 Million Stock Position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Interpublic Group of Companies logo with Business Services background

Key Points

  • Natixis Advisors LLC reduced its stake in Interpublic Group by 81.0%, selling 311,170 shares, leaving them with 73,160 shares valued at approximately $1.99 million.
  • The company reported a $0.75 EPS for the quarter, exceeding analysts' expectations of $0.55, but showing a 6.6% decline in revenue year-over-year.
  • Interpublic Group declared a quarterly dividend of $0.33 per share, set to be paid on September 16th, with an annualized yield of 5.3%.
  • Looking to export and analyze Interpublic Group of Companies data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Natixis Advisors LLC decreased its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 81.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,160 shares of the business services provider's stock after selling 311,170 shares during the period. Natixis Advisors LLC's holdings in Interpublic Group of Companies were worth $1,987,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IPG. Howard Capital Management Inc. boosted its stake in Interpublic Group of Companies by 21.2% during the 1st quarter. Howard Capital Management Inc. now owns 11,809 shares of the business services provider's stock valued at $321,000 after acquiring an additional 2,063 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Interpublic Group of Companies during the first quarter valued at $539,000. Federated Hermes Inc. increased its stake in Interpublic Group of Companies by 13.4% during the first quarter. Federated Hermes Inc. now owns 36,944 shares of the business services provider's stock valued at $1,003,000 after purchasing an additional 4,371 shares during the last quarter. LPL Financial LLC increased its stake in Interpublic Group of Companies by 7.5% during the first quarter. LPL Financial LLC now owns 500,207 shares of the business services provider's stock valued at $13,586,000 after purchasing an additional 34,753 shares during the last quarter. Finally, RWC Asset Management LLP increased its stake in Interpublic Group of Companies by 573.2% during the first quarter. RWC Asset Management LLP now owns 78,619 shares of the business services provider's stock valued at $2,135,000 after purchasing an additional 66,941 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IPG. Wall Street Zen began coverage on shares of Interpublic Group of Companies in a research note on Tuesday, May 20th. They set a "hold" rating for the company. Barclays cut 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. JPMorgan Chase & Co. cut their target price on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. 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 research note on Wednesday, July 23rd. Finally, Citigroup reiterated a "buy" rating and issued a $35.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, April 15th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $32.39.

View Our Latest Analysis on IPG

Interpublic Group of Companies Price Performance

Shares of IPG traded up $0.65 during trading hours on Wednesday, hitting $25.92. 1,994,252 shares of the company were exchanged, compared to its average volume of 6,939,240. The company has a market capitalization of $9.49 billion, a PE ratio of 21.96 and a beta of 1.05. 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 firm has a fifty day simple moving average of $24.49 and a 200-day simple moving average of $25.41. 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 announced its earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.20. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the business earned $0.61 EPS. The company's revenue was down 6.6% on a year-over-year basis. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.1%. Interpublic Group of Companies's dividend payout ratio (DPR) is 111.86%.

About Interpublic Group of Companies

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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