Hudson Edge Investment Partners Inc. Has $4.80 Million Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Hudson Edge Investment Partners Inc. reduced its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 165,084 shares of the business services provider’s stock after selling 5,140 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Interpublic Group of Companies were worth $4,802,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Interpublic Group of Companies during the fourth quarter valued at about $1,525,000. National Bank of Canada FI grew its holdings in Interpublic Group of Companies by 8.4% in the 4th quarter. National Bank of Canada FI now owns 93,283 shares of the business services provider’s stock valued at $3,088,000 after buying an additional 7,258 shares during the last quarter. Private Advisor Group LLC bought a new position in Interpublic Group of Companies in the 4th quarter worth approximately $236,000. Wealthspire Advisors LLC lifted its holdings in shares of Interpublic Group of Companies by 13.4% during the fourth quarter. Wealthspire Advisors LLC now owns 9,379 shares of the business services provider’s stock worth $306,000 after buying an additional 1,111 shares during the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of Interpublic Group of Companies in the fourth quarter valued at approximately $242,000. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of IPG stock traded down $0.37 during trading hours on Friday, hitting $31.09. The company had a trading volume of 3,114,293 shares, compared to its average volume of 3,897,896. The Interpublic Group of Companies, Inc. has a 12 month low of $27.20 and a 12 month high of $35.17. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07. The firm’s fifty day moving average is $30.53 and its 200 day moving average is $31.01. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 3.44 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts predict that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 46.98%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Macquarie dropped their target price on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Bank of America dropped their price objective on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Barclays lowered their price target on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Finally, Morgan Stanley downgraded Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $34.00 to $28.00 in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $33.88.

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.