Metis Global Partners LLC Boosts Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Metis Global Partners LLC boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 3.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,376 shares of the business services provider’s stock after buying an additional 683 shares during the quarter. Metis Global Partners LLC’s holdings in Interpublic Group of Companies were worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Avantax Advisory Services Inc. purchased a new stake in Interpublic Group of Companies in the 1st quarter worth about $310,000. Bahl & Gaynor Inc. lifted its holdings in Interpublic Group of Companies by 9.3% during the 1st quarter. Bahl & Gaynor Inc. now owns 99,642 shares of the business services provider’s stock worth $3,251,000 after purchasing an additional 8,481 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Interpublic Group of Companies by 1,373.5% in the first quarter. Ameritas Investment Partners Inc. now owns 63,921 shares of the business services provider’s stock valued at $2,086,000 after acquiring an additional 59,583 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in Interpublic Group of Companies by 0.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 146,467 shares of the business services provider’s stock valued at $4,779,000 after purchasing an additional 584 shares during the period. Finally, Seven Eight Capital LP purchased a new stake in shares of Interpublic Group of Companies in the first quarter worth $2,352,000. 98.43% of the stock is currently owned by institutional investors.

Interpublic Group of Companies Trading Down 7.2 %

Shares of IPG opened at $27.09 on Monday. The Interpublic Group of Companies, Inc. has a fifty-two week low of $27.01 and a fifty-two week high of $35.17. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 12.78 and a beta of 1.10. The firm has a 50 day moving average price of $30.62 and a 200-day moving average price of $30.59. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09.

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 the consensus estimate of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the company earned $0.70 EPS. Interpublic Group of Companies’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share 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 given a $0.33 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.87%. Interpublic Group of Companies’s dividend payout ratio is currently 62.26%.

Analyst Ratings Changes

IPG has been the topic of a number of research analyst reports. BNP Paribas lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Monday, September 30th. Wells Fargo & Company restated an “underweight” rating and issued a $26.00 price objective (down from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Barclays dropped their target price on shares of 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. UBS Group lowered shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Finally, Morgan Stanley downgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $34.00 to $28.00 in a report on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.57.

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.