Swiss National Bank Decreases Holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Swiss National Bank lessened its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 1.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,050,600 shares of the business services provider's stock after selling 10,400 shares during the quarter. Swiss National Bank owned about 0.28% of Interpublic Group of Companies worth $28,534,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prosperity Consulting Group LLC grew its position in shares of Interpublic Group of Companies by 2.3% in the fourth quarter. Prosperity Consulting Group LLC now owns 21,236 shares of the business services provider's stock valued at $595,000 after purchasing an additional 470 shares in the last quarter. Penserra Capital Management LLC grew its position in Interpublic Group of Companies by 3.8% in the first quarter. Penserra Capital Management LLC now owns 15,102 shares of the business services provider's stock worth $410,000 after acquiring an additional 552 shares during the period. Diversified Trust Co boosted its position in shares of Interpublic Group of Companies by 0.5% during the first quarter. Diversified Trust Co now owns 119,908 shares of the business services provider's stock worth $3,257,000 after buying an additional 572 shares during the period. GeoWealth Management LLC boosted 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 worth $94,000 after buying an additional 573 shares during the period. Finally, Palouse Capital Management Inc. boosted its position in shares of Interpublic Group of Companies by 1.1% during the first quarter. Palouse Capital Management Inc. now owns 54,763 shares of the business services provider's stock worth $1,487,000 after buying an additional 574 shares during the period. Hedge funds and other institutional investors own 98.43% of the company's stock.

Interpublic Group of Companies Price Performance

Shares of IPG stock traded up $0.25 during midday trading on Friday, reaching $26.10. 5,284,106 shares of the company traded hands, compared to its average volume of 6,285,047. The firm's 50 day simple moving average is $24.68 and its two-hundred day simple moving average is $25.35. 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 0.78, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $9.56 billion, a PE ratio of 22.12 and a beta of 1.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.15 billion. During the same period last year, the firm earned $0.61 EPS. The company's revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities research analysts expect that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Tuesday, September 2nd. Interpublic Group of Companies's payout ratio is currently 111.86%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IPG. Barclays lowered Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $34.00 to $27.50 in a research report on Wednesday, June 25th. Wall Street Zen raised Interpublic Group of Companies to a "hold" rating in a report on Saturday. UBS Group lowered their price target 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. Finally, JPMorgan Chase & Co. lowered their price objective on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of "Hold" and a consensus price target of $32.39.

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.