Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC reduced its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 92.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,188 shares of the business services provider's stock after selling 15,178 shares during the period. TD Private Client Wealth LLC's holdings in Interpublic Group of Companies were worth $32,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IPG. Canada Pension Plan Investment Board lifted its position 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 valued at $370,157,000 after purchasing an additional 7,693,636 shares during the period. First Trust Advisors LP lifted its position in 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 valued at $363,584,000 after purchasing an additional 1,492,019 shares during the period. Invesco Ltd. lifted its position in Interpublic Group of Companies by 14.8% during the fourth 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 period. Geode Capital Management LLC lifted its position in Interpublic Group of Companies by 0.9% during the fourth 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. Finally, Dimensional Fund Advisors LP lifted its position in Interpublic Group of Companies by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,422,468 shares of the business services provider's stock valued at $207,974,000 after purchasing an additional 333,347 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on IPG shares. Citigroup restated a "buy" rating and set a $35.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday. Barclays cut shares of Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $34.00 to $27.50 in a report on Wednesday, June 25th. Finally, Wall Street Zen started coverage on shares of Interpublic Group of Companies in a report on Tuesday, May 20th. They issued a "hold" rating for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $32.06.

Interpublic Group of Companies Price Performance

Shares of IPG stock traded down $0.24 on Friday, reaching $24.76. 5,409,953 shares of the company were exchanged, compared to its average volume of 5,915,390. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 18.90 and a beta of 1.05. The business has a 50-day moving average price of $24.35 and a 200 day moving average price of $25.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. Interpublic Group of Companies, Inc. has a 1 year low of $22.51 and a 1 year high of $33.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Interpublic Group of Companies had a net margin of 4.69% and a return on equity of 27.21%. The company had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the prior year, the company earned $0.36 EPS. Interpublic Group of Companies's revenue was down 6.9% compared to the same quarter last year. Equities research analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.33 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.32 annualized dividend and a yield of 5.33%. Interpublic Group of Companies's dividend payout ratio is presently 100.76%.

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.