TD Private Client Wealth LLC Has $32,000 Stock Holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

TD Private Client Wealth LLC cut its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 92.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sentry Investment Management LLC bought a new position in shares of Interpublic Group of Companies in the 1st quarter valued at $31,000. Raiffeisen Bank International AG bought a new position in shares of Interpublic Group of Companies in the 4th quarter valued at $42,000. FNY Investment Advisers LLC bought a new position in shares of Interpublic Group of Companies in the 1st quarter valued at $44,000. Grove Bank & Trust increased its stake in shares of Interpublic Group of Companies by 1,219.5% in the 1st quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 2,000 shares during the last quarter. Finally, GeoWealth Management LLC increased its stake in shares of Interpublic Group of Companies by 20.7% in the 4th quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 573 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Trading Down 1.0%

NYSE IPG opened at $24.76 on Friday. The business’s 50-day moving average price is $24.35 and its two-hundred day moving average price is $25.85. Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05. The firm has a market capitalization of $9.15 billion, a PE ratio of 18.90 and a beta of 1.05. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Interpublic Group of Companies had a return on equity of 27.21% and a net margin of 4.69%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the company posted $0.36 EPS. The business’s revenue was down 6.9% on a year-over-year basis. On average, analysts expect that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.33 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.33%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 100.76%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IPG. Citigroup reiterated a “buy” rating and issued a $35.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, April 15th. 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. Barclays lowered Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $34.00 to $27.50 in a research note on Wednesday, June 25th. Finally, JPMorgan Chase & Co. reduced their price objective on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $32.06.

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.