Universal Beteiligungs und Servicegesellschaft mbH Cuts Position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has reduced its stake in Interpublic Group by 22.3%, resulting in ownership of 322,667 shares valued at approximately $8.76 million.
• Several institutional investors are adjusting their positions in Interpublic Group, with notable moves including a new stake from the Teacher Retirement System of Texas valued at $1.48 million.
• Analysts have varied opinions on IPG's stock, with target prices ranging from $25.60 to $35.00, while the stock currently holds an average rating of "Hold" with a target price of $32.39.

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 22.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 322,667 shares of the business services provider's stock after selling 92,645 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Interpublic Group of Companies worth $8,764,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of IPG. Prosperity Consulting Group LLC raised its position in shares of Interpublic Group of Companies by 2.3% in the 4th quarter. Prosperity Consulting Group LLC now owns 21,236 shares of the business services provider's stock worth $595,000 after acquiring an additional 470 shares in the last quarter. Penserra Capital Management LLC boosted its stake in Interpublic Group of Companies by 3.8% during the 1st quarter. Penserra Capital Management LLC now owns 15,102 shares of the business services provider's stock valued at $410,000 after purchasing an additional 552 shares during the last quarter. Diversified Trust Co boosted its stake in Interpublic Group of Companies by 0.5% during the 1st quarter. Diversified Trust Co now owns 119,908 shares of the business services provider's stock valued at $3,257,000 after purchasing an additional 572 shares during the last quarter. 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 during the last quarter. Finally, Palouse Capital Management Inc. raised its stake in shares of Interpublic Group of Companies by 1.1% during the 1st quarter. Palouse Capital Management Inc. now owns 54,763 shares of the business services provider's stock worth $1,487,000 after purchasing an additional 574 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. UBS Group cut their price target on Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. 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 on the stock in a research note on Thursday, July 10th. Wall Street Zen began coverage on Interpublic Group of Companies in a research note on Tuesday, May 20th. They issued a "hold" rating on the stock. Citigroup reaffirmed a "buy" rating and set a $35.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. Finally, Barclays cut 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 research report on Wednesday, June 25th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $32.39.

Interpublic Group of Companies Trading Down 0.5%

Shares of NYSE:IPG traded down $0.13 during trading hours on Tuesday, hitting $25.40. 834,756 shares of the company's stock traded hands, compared to its average volume of 7,039,105. 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 capitalization of $9.30 billion, a P/E ratio of 21.52 and a beta of 1.05. The business has a fifty day moving average price of $24.32 and a 200-day moving average price of $25.63. 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 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. The business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.15 billion. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%. The business's revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. Equities analysts expect that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.20%. Interpublic Group of Companies's payout ratio is 111.86%.

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.