V Square Quantitative Management LLC Has $891,000 Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

V Square Quantitative Management LLC grew its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,164 shares of the business services provider’s stock after acquiring an additional 492 shares during the period. V Square Quantitative Management LLC’s holdings in Interpublic Group of Companies were worth $891,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Interpublic Group of Companies by 134.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 77,237 shares of the business services provider’s stock worth $2,443,000 after purchasing an additional 44,225 shares in the last quarter. Trust Co. of Vermont increased its stake in shares of Interpublic Group of Companies by 250.0% in the third quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock valued at $66,000 after buying an additional 1,500 shares in the last quarter. ZWJ Investment Counsel Inc. raised its holdings in shares of Interpublic Group of Companies by 7.5% in the third quarter. ZWJ Investment Counsel Inc. now owns 1,070,781 shares of the business services provider’s stock valued at $33,869,000 after buying an additional 74,843 shares during the last quarter. B.O.S.S. Retirement Advisors LLC lifted its position in Interpublic Group of Companies by 6.2% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 41,555 shares of the business services provider’s stock worth $1,314,000 after buying an additional 2,412 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in Interpublic Group of Companies by 0.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 122,533 shares of the business services provider’s stock worth $3,876,000 after acquiring an additional 457 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IPG has been the subject of a number of research analyst reports. Macquarie dropped their target price on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Bank of America reduced their price objective on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Barclays decreased their price objective on Interpublic Group of Companies from $34.00 to $32.50 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Finally, Morgan Stanley cut Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $34.00 to $28.00 in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus target price of $32.44.

Interpublic Group of Companies Stock Performance

Shares of NYSE:IPG opened at $32.04 on Friday. The firm’s 50 day simple moving average is $31.39 and its 200 day simple moving average is $30.79. The Interpublic Group of Companies, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $35.17. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 5.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the business posted $0.74 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, sell-side analysts forecast that The Interpublic Group of Companies, Inc. will post 2.83 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 4.12%. Interpublic Group of Companies’s payout ratio is 46.98%.

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.