Transform Wealth LLC Trims Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Transform Wealth LLC trimmed its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 6.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,996 shares of the business services provider’s stock after selling 3,508 shares during the quarter. Transform Wealth LLC’s holdings in Interpublic Group of Companies were worth $1,599,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new stake in Interpublic Group of Companies during the 4th quarter valued at approximately $29,000. Voisard Asset Management Group Inc. purchased a new stake in Interpublic Group of Companies during the 4th quarter valued at approximately $31,000. Tobam grew its holdings in Interpublic Group of Companies by 2,340.0% during the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock valued at $36,000 after buying an additional 1,053 shares in the last quarter. MCF Advisors LLC purchased a new stake in Interpublic Group of Companies during the 4th quarter valued at approximately $43,000. Finally, Assetmark Inc. grew its holdings in Interpublic Group of Companies by 27.5% during the 4th quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock valued at $56,000 after buying an additional 368 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IPG. Wells Fargo & Company cut their target price on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. Bank of America cut their target price on shares of Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $35.00.

Interpublic Group of Companies Trading Down 0.0 %

IPG traded down $0.01 during trading on Thursday, reaching $29.12. The company had a trading volume of 4,156,667 shares, compared to its average volume of 3,871,076. The stock has a market cap of $10.99 billion, a P/E ratio of 10.36, a PEG ratio of 2.66 and a beta of 1.13. The business has a 50 day simple moving average of $30.73 and a 200-day simple moving average of $31.72. The Interpublic Group of Companies, Inc. has a 52 week low of $27.20 and a 52 week high of $40.90. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.18 billion. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. Interpublic Group of Companies’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. On average, equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.32 dividend on an annualized basis and a yield of 4.53%. Interpublic Group of Companies’s dividend payout ratio is presently 46.98%.

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.