BNP Paribas Financial Markets Has $41.38 Million Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

BNP Paribas Financial Markets decreased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 16.7% in the third quarter, Holdings Channel reports. The fund owned 1,308,218 shares of the business services provider’s stock after selling 261,358 shares during the period. BNP Paribas Financial Markets’ holdings in Interpublic Group of Companies were worth $41,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Boston Trust Walden Corp increased its position in Interpublic Group of Companies by 3.0% during the second quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider’s stock worth $34,532,000 after acquiring an additional 34,965 shares during the period. SG Americas Securities LLC increased its holdings in shares of Interpublic Group of Companies by 176.5% during the 2nd quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider’s stock worth $7,403,000 after purchasing an additional 162,468 shares during the period. Andra AP fonden raised its position in shares of Interpublic Group of Companies by 16.2% during the second quarter. Andra AP fonden now owns 532,100 shares of the business services provider’s stock valued at $15,479,000 after buying an additional 74,200 shares during the last quarter. M&G Plc bought a new stake in shares of Interpublic Group of Companies in the second quarter valued at about $605,000. Finally, Cetera Investment Advisers grew its position in Interpublic Group of Companies by 87.4% during the first quarter. Cetera Investment Advisers now owns 73,149 shares of the business services provider’s stock worth $2,387,000 after buying an additional 34,122 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wells Fargo & Company reiterated an “underweight” rating and issued a $26.00 price objective (down previously from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Bank of America reduced their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. UBS Group cut shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. StockNews.com upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Macquarie reissued a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.57.

Interpublic Group of Companies Trading Down 0.5 %

Shares of IPG stock opened at $30.48 on Friday. The company has a market capitalization of $11.35 billion, a P/E ratio of 14.38 and a beta of 1.10. The Interpublic Group of Companies, Inc. has a 12-month low of $26.88 and a 12-month high of $35.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $30.32 and a 200 day moving average price of $30.50.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. Interpublic Group of Companies’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. Research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio is currently 62.26%.

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.