Quantbot Technologies LP Has $2.93 Million Holdings in Interpublic Group of Companies, Inc. (The) $IPG

Quantbot Technologies LP lessened its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 58.0% during the 1st quarter, HoldingsChannel reports. The fund owned 107,704 shares of the business services provider’s stock after selling 148,693 shares during the period. Quantbot Technologies LP’s holdings in Interpublic Group of Companies were worth $2,925,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of IPG. Sentry Investment Management LLC purchased a new position in Interpublic Group of Companies during the 1st quarter valued at about $31,000. Raiffeisen Bank International AG purchased a new position in Interpublic Group of Companies during the 4th quarter valued at about $42,000. FNY Investment Advisers LLC purchased a new position in Interpublic Group of Companies during the 1st quarter valued at about $44,000. Grove Bank & Trust grew its stake in Interpublic Group of Companies by 1,219.5% during the 1st quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in Interpublic Group of Companies by 20.0% during the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 391 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 0.1%

Shares of NYSE IPG opened at $26.6050 on Thursday. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 22.55 and a beta of 1.05. The business has a 50 day simple moving average of $24.86 and a 200 day simple moving average of $25.32. Interpublic Group of Companies, Inc. has a 52 week low of $22.51 and a 52 week high of $33.05. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.55 by $0.20. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%.The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. On average, research analysts predict that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, September 2nd. Interpublic Group of Companies’s payout ratio is 111.86%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Barclays cut Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $34.00 to $27.50 in a research note on Wednesday, June 25th. UBS Group lowered their price target on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Finally, Wall Street Zen raised Interpublic Group of Companies to a “hold” rating in a research note on Saturday, August 16th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Interpublic Group of Companies has a consensus rating of “Hold” and an average target price of $32.39.

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.