Coldstream Capital Management Inc. Sells 1,607 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Coldstream Capital Management Inc. lowered its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 10.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,901 shares of the business services provider’s stock after selling 1,607 shares during the period. Coldstream Capital Management Inc.’s holdings in Interpublic Group of Companies were worth $439,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in Interpublic Group of Companies by 15.1% in the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after buying an additional 3,920,975 shares during the period. Andra AP fonden increased its stake in Interpublic Group of Companies by 16.2% in the second quarter. Andra AP fonden now owns 532,100 shares of the business services provider’s stock valued at $15,479,000 after acquiring an additional 74,200 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Interpublic Group of Companies during the second quarter valued at approximately $873,000. Vest Financial LLC lifted its stake in Interpublic Group of Companies by 39.3% during the second quarter. Vest Financial LLC now owns 789,466 shares of the business services provider’s stock worth $22,966,000 after purchasing an additional 222,693 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Interpublic Group of Companies by 2,679.9% in the 3rd quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider’s stock valued at $965,000 after purchasing an additional 29,425 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Up 0.4 %

NYSE:IPG opened at $29.89 on Friday. The Interpublic Group of Companies, Inc. has a one year low of $26.88 and a one year high of $35.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $11.13 billion, a PE ratio of 14.10 and a beta of 1.10. The firm’s 50 day simple moving average is $30.05 and its 200 day simple moving average is $30.37.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the business earned $0.70 earnings per share. Interpublic Group of Companies’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.42%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on IPG shares. Barclays lowered their price target on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. BNP Paribas cut shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Bank of America lowered their price objective on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and cut their target price for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.71.

Interpublic Group of Companies 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.