Signet Financial Management LLC Sells 1,828 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Signet Financial Management LLC decreased its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,056 shares of the business services provider’s stock after selling 1,828 shares during the period. Signet Financial Management LLC’s holdings in Interpublic Group of Companies were worth $506,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. State Street Corp increased its position in shares of Interpublic Group of Companies by 15.1% during the third quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after acquiring an additional 3,920,975 shares during the last quarter. Millennium Management LLC grew its stake in Interpublic Group of Companies by 571.7% in the 2nd quarter. Millennium Management LLC now owns 1,466,376 shares of the business services provider’s stock valued at $42,657,000 after purchasing an additional 1,248,062 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Interpublic Group of Companies by 19.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider’s stock valued at $158,157,000 after purchasing an additional 899,332 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Interpublic Group of Companies by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock worth $199,063,000 after purchasing an additional 828,150 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in shares of Interpublic Group of Companies by 168.3% in the 2nd quarter. Squarepoint Ops LLC now owns 831,434 shares of the business services provider’s stock worth $24,186,000 after buying an additional 521,546 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 0.8 %

Shares of IPG stock opened at $26.86 on Tuesday. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 12.67 and a beta of 1.11. The company’s fifty day simple moving average is $29.01 and its two-hundred day simple moving average is $30.09. The Interpublic Group of Companies, Inc. has a 1 year low of $26.30 and a 1 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.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the company posted $0.70 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.91%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 62.26%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday. StockNews.com assumed coverage on Interpublic Group of Companies in a research note on Sunday. They issued a “hold” rating on the stock. Barclays decreased their target price on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.50.

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.