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

Transform Wealth LLC lowered its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,612 shares of the business services provider’s stock after selling 504 shares during the period. Transform Wealth LLC’s holdings in Interpublic Group of Companies were worth $465,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IPG. Rosenberg Matthew Hamilton boosted its stake in shares of Interpublic Group of Companies by 9.7% in the third quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 365 shares during the period. Ballentine Partners LLC lifted its holdings in Interpublic Group of Companies by 2.9% in the 3rd quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock worth $445,000 after buying an additional 399 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $38,000 after buying an additional 405 shares in the last quarter. Empirical Finance LLC boosted its position in Interpublic Group of Companies by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider’s stock valued at $1,031,000 after buying an additional 409 shares during the last quarter. Finally, West Oak Capital LLC grew its stake in shares of Interpublic Group of Companies by 0.8% during the fourth quarter. West Oak Capital LLC now owns 55,595 shares of the business services provider’s stock valued at $1,558,000 after acquiring an additional 435 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IPG has been the topic of several recent analyst reports. Barclays cut their price target on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Finally, StockNews.com began coverage on shares of Interpublic Group of Companies in a report on Monday. They set a “hold” rating for the company. Two 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, Interpublic Group of Companies has a consensus rating of “Hold” and an average target price of $32.50.

Interpublic Group of Companies Stock Performance

Shares of IPG opened at $28.22 on Wednesday. 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 Interpublic Group of Companies, Inc. has a 12-month low of $26.30 and a 12-month high of $35.17. The business’s fifty day moving average price is $28.79 and its 200 day moving average price is $30.05. The stock has a market capitalization of $10.51 billion, a PE ratio of 13.31 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (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 the consensus estimate of $2.30 billion. During the same period last year, the firm posted $0.70 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.33 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.68%. Interpublic Group of Companies’s dividend payout ratio is currently 62.26%.

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.