Mn Services Vermogensbeheer B.V. Sells 9,900 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Mn Services Vermogensbeheer B.V. trimmed its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,100 shares of the business services provider’s stock after selling 9,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Interpublic Group of Companies were worth $7,103,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Compass Wealth Management LLC bought a new position in Interpublic Group of Companies in the 4th quarter valued at $25,000. Clear Street Markets LLC lifted its stake in shares of Interpublic Group of Companies by 94.9% during the first quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 372 shares during the period. Financial Management Professionals Inc. acquired a new stake in Interpublic Group of Companies in the second quarter worth about $29,000. HHM Wealth Advisors LLC acquired a new stake in Interpublic Group of Companies in the first quarter worth about $33,000. Finally, Resurgent Financial Advisors LLC acquired a new position in Interpublic Group of Companies during the 4th quarter valued at about $34,000. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Price Performance

NYSE IPG opened at $28.73 on Tuesday. The business has a 50 day simple moving average of $29.35 and a 200 day simple moving average of $33.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 1.04. The Interpublic Group of Companies, Inc. has a 52-week low of $27.20 and a 52-week high of $40.95. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.88 and a beta of 1.17.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Friday, October 20th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.03). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.39 billion. Interpublic Group of Companies had a return on equity of 29.72% and a net margin of 8.59%. The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS. Analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.97 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.24 annualized dividend and a dividend yield of 4.32%. Interpublic Group of Companies’s dividend payout ratio is presently 51.67%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Interpublic Group of Companies from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Monday, October 23rd. StockNews.com raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Citigroup decreased their price objective on Interpublic Group of Companies from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, October 23rd. Morgan Stanley decreased their target price on Interpublic Group of Companies from $35.00 to $33.00 and set an “equal weight” rating for the company in a research report on Monday, October 23rd. Finally, Macquarie cut their price target on shares of Interpublic Group of Companies from $36.00 to $30.00 in a research report on Tuesday, October 10th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Hold” and an average price target of $35.89.

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.