Wellington Management Group LLP Has $18 Million Stock Position in Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• Wellington Management Group LLP reduced its stake in Interpublic Group of Companies by 40.3% in Q1, now owning approximately 0.18% of the company valued at about $18 million after selling over 446,000 shares.
• Interpublic Group reported $0.75 EPS for the latest quarter, surpassing analysts' estimates of $0.55, despite a 6.6% year-over-year revenue decline with quarterly revenue totaling $2.17 billion.
• The company will pay a quarterly dividend of $0.33 per share on September 16th, with a current dividend yield of 4.9%, while its payout ratio stands at 111.86%.

Wellington Management Group LLP lessened its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 40.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 662,623 shares of the business services provider's stock after selling 446,532 shares during the quarter. Wellington Management Group LLP owned approximately 0.18% of Interpublic Group of Companies worth $17,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group raised its holdings in shares of Interpublic Group of Companies by 20.0% in the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider's stock worth $64,000 after buying an additional 391 shares in the last quarter. Penserra Capital Management LLC lifted its holdings 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 valued at $410,000 after buying an additional 552 shares during the period. Diversified Trust Co lifted its holdings in Interpublic Group of Companies by 0.5% in the first quarter. Diversified Trust Co now owns 119,908 shares of the business services provider's stock valued at $3,257,000 after buying an additional 572 shares during the period. Palouse Capital Management Inc. lifted its holdings in Interpublic Group of Companies by 1.1% in the first quarter. Palouse Capital Management Inc. now owns 54,763 shares of the business services provider's stock valued at $1,487,000 after buying an additional 574 shares during the period. Finally, Y.D. More Investments Ltd grew its holdings in Interpublic Group of Companies by 14.5% during the first quarter. Y.D. More Investments Ltd now owns 4,579 shares of the business services provider's stock valued at $124,000 after purchasing an additional 579 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG traded up $0.16 during trading hours on Monday, hitting $26.85. 2,410,150 shares of the stock were exchanged, compared to its average volume of 5,475,969. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $9.83 billion, a PE ratio of 22.75 and a beta of 1.09. The company's fifty day simple moving average is $25.41 and its two-hundred day simple moving average is $25.25. 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 posted its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.20. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.15 billion. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The firm's revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. On average, sell-side analysts predict that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current 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 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Tuesday, September 2nd. Interpublic Group of Companies's dividend payout ratio is currently 111.86%.

Wall Street Analysts Forecast Growth

IPG has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped 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 report on Thursday, July 10th. Wall Street Zen raised Interpublic Group of Companies to a "hold" rating in a research report on Saturday, August 16th. 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. Finally, UBS Group cut their price objective on Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $32.39.

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.