Northwest & Ethical Investments L.P. Sells 834 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Northwest & Ethical Investments L.P. trimmed its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,572 shares of the business services provider’s stock after selling 834 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Interpublic Group of Companies were worth $493,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new stake in Interpublic Group of Companies in the third quarter valued at about $26,000. Benjamin Edwards Inc. increased its stake in shares of Interpublic Group of Companies by 73.8% in the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after buying an additional 375 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Interpublic Group of Companies in the third quarter worth about $32,000. Hazlett Burt & Watson Inc. boosted its position in Interpublic Group of Companies by 652.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock valued at $30,000 after buying an additional 900 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Interpublic Group of Companies in the second quarter worth about $32,000. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Price Performance

Interpublic Group of Companies stock opened at $30.81 on Friday. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 14.53 and a beta of 1.10. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s 50 day moving average price is $30.31 and its two-hundred day moving average price is $30.49. The Interpublic Group of Companies, Inc. has a 52-week low of $26.88 and a 52-week high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last issued its 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 during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the firm earned $0.70 earnings per share. Interpublic Group of Companies’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts predict that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.28%. Interpublic Group of Companies’s dividend payout ratio is presently 62.26%.

Wall Street Analysts Forecast Growth

IPG has been the topic of several recent analyst reports. StockNews.com raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Barclays cut their price target on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Bank of America lowered their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and cut their target price for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Finally, BNP Paribas cut shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $30.57.

About Interpublic Group of Companies

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.