Fort Washington Investment Advisors Inc. OH Reduces Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Fort Washington Investment Advisors Inc. OH trimmed its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 68.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330,227 shares of the business services provider's stock after selling 700,403 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.09% of Interpublic Group of Companies worth $8,969,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IPG. Kestra Private Wealth Services LLC lifted its holdings in shares of Interpublic Group of Companies by 19.8% during the fourth quarter. Kestra Private Wealth Services LLC now owns 21,272 shares of the business services provider's stock worth $596,000 after buying an additional 3,523 shares in the last quarter. Essex Financial Services Inc. increased its position in shares of Interpublic Group of Companies by 10.7% in the fourth quarter. Essex Financial Services Inc. now owns 9,715 shares of the business services provider's stock worth $272,000 after purchasing an additional 942 shares during the period. Van ECK Associates Corp increased its position in shares of Interpublic Group of Companies by 63.8% in the fourth quarter. Van ECK Associates Corp now owns 251,209 shares of the business services provider's stock worth $7,039,000 after purchasing an additional 97,877 shares during the period. Asset Management One Co. Ltd. grew its position in Interpublic Group of Companies by 0.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 150,283 shares of the business services provider's stock valued at $4,224,000 after acquiring an additional 1,332 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its position in Interpublic Group of Companies by 16.1% in the fourth quarter. V Square Quantitative Management LLC now owns 32,702 shares of the business services provider's stock valued at $916,000 after acquiring an additional 4,538 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

IPG has been the topic of a number of recent research reports. Wall Street Zen initiated coverage on Interpublic Group of Companies in a research note on Tuesday, May 20th. They set a "hold" rating on the stock. Citigroup reissued a "buy" rating and set a $35.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, April 15th. Argus lowered Interpublic Group of Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, Barclays cut their price target on Interpublic Group of Companies from $36.00 to $34.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $33.44.

Interpublic Group of Companies Trading Up 2.0%

Shares of Interpublic Group of Companies stock traded up $0.47 during midday trading on Monday, reaching $23.47. The company had a trading volume of 6,206,790 shares, compared to its average volume of 5,628,521. The Interpublic Group of Companies, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $33.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a fifty day moving average price of $24.37 and a 200 day moving average price of $26.48. The firm has a market cap of $8.68 billion, a PE ratio of 12.82 and a beta of 1.06.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Interpublic Group of Companies had a return on equity of 27.10% and a net margin of 6.45%. The firm 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 company posted $0.36 earnings per share. The company's quarterly revenue was down 6.9% on a year-over-year basis. On average, equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.62%. Interpublic Group of Companies's dividend payout ratio is presently 100.76%.

About Interpublic Group of Companies

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.