The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Gladius Capital Management LP

Gladius Capital Management LP cut its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 16.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,405 shares of the business services provider’s stock after selling 2,103 shares during the period. Interpublic Group of Companies accounts for 0.0% of Gladius Capital Management LP’s investment portfolio, making the stock its 27th largest holding. Gladius Capital Management LP’s holdings in Interpublic Group of Companies were worth $329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new position in Interpublic Group of Companies in the third quarter valued at $26,000. Benjamin Edwards Inc. boosted its position in shares of 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 worth $26,000 after acquiring an additional 375 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Interpublic Group of Companies in the 3rd quarter valued at about $32,000. Hazlett Burt & Watson Inc. raised its position in shares of Interpublic Group of Companies by 652.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock worth $30,000 after acquiring an additional 900 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Interpublic Group of Companies during the 2nd quarter worth about $32,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Down 7.2 %

Shares of NYSE:IPG opened at $27.09 on Friday. The Interpublic Group of Companies, Inc. has a 1-year low of $27.01 and a 1-year high of $35.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $10.09 billion, a P/E ratio of 12.78 and a beta of 1.10. The firm has a fifty day moving average price of $30.62 and a 200 day moving average price of $30.59.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the prior year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. Sell-side analysts predict that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently announced 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. The ex-dividend date is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.87%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 62.26%.

Analysts Set New Price Targets

Several equities analysts have commented on IPG shares. JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. UBS Group cut shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and lowered their target price for the company from $34.00 to $29.00 in a report on Thursday, September 12th. Morgan Stanley lowered shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $34.00 to $28.00 in a research note on Monday, July 22nd. Bank of America decreased their price objective on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Barclays dropped their price objective on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Interpublic Group of Companies presently has an average rating of “Hold” and a consensus price target of $30.57.

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.