Auxier Asset Management Has $235,000 Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Auxier Asset Management lowered its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 10.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,442 shares of the business services provider’s stock after selling 903 shares during the period. Auxier Asset Management’s holdings in Interpublic Group of Companies were worth $235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Boston Trust Walden Corp boosted its position in Interpublic Group of Companies by 3.0% during the 2nd quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider’s stock worth $34,532,000 after acquiring an additional 34,965 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Interpublic Group of Companies by 176.5% during the second quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider’s stock worth $7,403,000 after purchasing an additional 162,468 shares during the period. Andra AP fonden grew its position in Interpublic Group of Companies by 16.2% during the second quarter. Andra AP fonden now owns 532,100 shares of the business services provider’s stock valued at $15,479,000 after purchasing an additional 74,200 shares in the last quarter. M&G Plc acquired a new position in Interpublic Group of Companies in the 2nd quarter valued at approximately $605,000. Finally, Cetera Investment Advisers increased its stake in Interpublic Group of Companies by 87.4% in the 1st quarter. Cetera Investment Advisers now owns 73,149 shares of the business services provider’s stock valued at $2,387,000 after buying an additional 34,122 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on IPG. StockNews.com upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Barclays reduced their price objective 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. Macquarie reaffirmed a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Wells Fargo & Company reiterated an “underweight” rating and set a $26.00 price target (down from $28.00) on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Finally, UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $30.57.

Interpublic Group of Companies Stock Down 0.5 %

IPG opened at $30.48 on Friday. The firm has a market cap of $11.35 billion, a P/E ratio of 14.38 and a beta of 1.10. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The business has a 50 day moving average price of $30.32 and a 200 day moving average price of $30.50. The Interpublic Group of Companies, Inc. has a twelve month low of $26.88 and a twelve month high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. Interpublic Group of Companies’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 earnings per share. Research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid 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 4.33%. Interpublic Group of Companies’s payout ratio is presently 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.