Lmcg Investments LLC Sells 87,143 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Lmcg Investments LLC lessened its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 42.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 119,508 shares of the business services provider’s stock after selling 87,143 shares during the quarter. Lmcg Investments LLC’s holdings in Interpublic Group of Companies were worth $3,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Amalgamated Bank lifted its position in Interpublic Group of Companies by 47.8% in the 2nd quarter. Amalgamated Bank now owns 117,726 shares of the business services provider’s stock valued at $3,425,000 after acquiring an additional 38,079 shares in the last quarter. Benjamin Edwards Inc. grew its position in shares of Interpublic Group of Companies by 73.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 375 shares during the period. Pacer Advisors Inc. increased its position in Interpublic Group of Companies by 4.5% in the second quarter. Pacer Advisors Inc. now owns 27,319 shares of the business services provider’s stock worth $795,000 after buying an additional 1,188 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in Interpublic Group of Companies by 4.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 66,764 shares of the business services provider’s stock worth $1,942,000 after acquiring an additional 2,843 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its holdings in Interpublic Group of Companies by 4.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 167,945 shares of the business services provider’s stock worth $4,886,000 after buying an additional 6,425 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

NYSE:IPG opened at $27.84 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $10.37 billion, a P/E ratio of 13.13 and a beta of 1.11. 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 50-day moving average is $28.79 and its 200 day moving average is $30.05.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting 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 business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the business posted $0.70 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.74%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Analyst Ratings Changes

IPG has been the topic of a number of recent analyst reports. Macquarie reissued a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Barclays cut 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 report on Wednesday, October 23rd. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, January 10th. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $26.00 to $34.00 in a report on Tuesday, December 10th. Finally, StockNews.com started coverage on Interpublic Group of Companies in a report on Monday. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.50.

Interpublic Group of Companies 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.