Achmea Investment Management B.V. Sells 3,431 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Achmea Investment Management B.V. decreased its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,234 shares of the business services provider’s stock after selling 3,431 shares during the period. Achmea Investment Management B.V.’s holdings in Interpublic Group of Companies were worth $4,477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Interpublic Group of Companies by 2.3% in the first quarter. Vanguard Group Inc. now owns 47,707,617 shares of the business services provider’s stock worth $1,691,233,000 after acquiring an additional 1,075,059 shares during the period. State Street Corp raised its position in Interpublic Group of Companies by 3.8% in the second quarter. State Street Corp now owns 21,621,069 shares of the business services provider’s stock worth $834,141,000 after acquiring an additional 794,768 shares during the period. Charles Schwab Investment Management Inc. raised its position in Interpublic Group of Companies by 3.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 9,123,401 shares of the business services provider’s stock worth $351,981,000 after acquiring an additional 322,710 shares during the period. Geode Capital Management LLC raised its position in Interpublic Group of Companies by 1.6% in the second quarter. Geode Capital Management LLC now owns 8,564,346 shares of the business services provider’s stock worth $330,476,000 after acquiring an additional 135,357 shares during the period. Finally, Boston Partners raised its position in Interpublic Group of Companies by 8.4% in the second quarter. Boston Partners now owns 7,971,164 shares of the business services provider’s stock worth $307,431,000 after acquiring an additional 615,149 shares during the period. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on IPG shares. Citigroup reduced their price objective on shares of Interpublic Group of Companies from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, October 23rd. UBS Group began coverage on shares of Interpublic Group of Companies in a research note on Thursday, January 11th. They issued a “neutral” rating and a $36.00 price objective for the company. StockNews.com raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Barclays cut their target price on shares of Interpublic Group of Companies from $38.26 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, October 23rd. Finally, Wells Fargo & Company cut their target price on shares of Interpublic Group of Companies from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Monday, October 23rd. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.90.

View Our Latest Stock Report on IPG

Interpublic Group of Companies Trading Up 0.2 %

Shares of Interpublic Group of Companies stock traded up $0.06 during trading on Friday, hitting $32.98. The stock had a trading volume of 2,636,262 shares, compared to its average volume of 3,325,246. The firm’s fifty day simple moving average is $31.88 and its 200-day simple moving average is $31.64. The stock has a market cap of $12.63 billion, a PE ratio of 13.78, a PEG ratio of 1.75 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.04 and a quick ratio of 1.04. The Interpublic Group of Companies, Inc. has a 12 month low of $27.20 and a 12 month high of $40.95.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.31 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.24 dividend on an annualized basis and a yield of 3.76%. Interpublic Group of Companies’s payout ratio is 51.67%.

Interpublic Group of Companies Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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