Teachers Retirement System of The State of Kentucky Lowers Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Teachers Retirement System of The State of Kentucky lowered its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,439 shares of the business services provider’s stock after selling 2,184 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Interpublic Group of Companies were worth $899,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in IPG. Benjamin Edwards Inc. increased its position in 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 purchasing an additional 375 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Interpublic Group of Companies during the third quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. raised its stake in Interpublic Group of Companies by 652.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock worth $30,000 after buying an additional 900 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Interpublic Group of Companies during the second quarter worth $32,000. Finally, Ashton Thomas Securities LLC bought a new stake in Interpublic Group of Companies during the 3rd quarter valued at $32,000. 98.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on IPG shares. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. Macquarie reissued a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. BNP Paribas downgraded shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. StockNews.com assumed coverage on shares of Interpublic Group of Companies in a research report on Thursday. They set a “hold” rating for the company. Finally, UBS Group lowered shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and cut their price target for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Hold” and an average target price of $31.71.

Interpublic Group of Companies Stock Down 0.3 %

NYSE:IPG opened at $29.07 on Thursday. 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 Interpublic Group of Companies, Inc. has a twelve month low of $26.88 and a twelve month high of $35.17. The company has a market cap of $10.83 billion, a PE ratio of 13.71 and a beta of 1.10. The company’s 50 day moving average is $29.96 and its two-hundred day moving average is $30.33.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the firm earned $0.70 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. Analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies’s payout ratio is 62.26%.

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.