Valley National Advisers Inc. Has $109,000 Stock Position in Interpublic Group of Companies, Inc. (The) $IPG

Valley National Advisers Inc. lessened its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 34.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,454 shares of the business services provider’s stock after selling 2,292 shares during the quarter. Valley National Advisers Inc.’s holdings in Interpublic Group of Companies were worth $109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings in shares of Interpublic Group of Companies by 14,575.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,119,249 shares of the business services provider’s stock valued at $76,359,000 after purchasing an additional 3,097,994 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Interpublic Group of Companies by 49.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider’s stock valued at $231,138,000 after purchasing an additional 2,797,490 shares during the period. Pentwater Capital Management LP grew its holdings in shares of Interpublic Group of Companies by 568.6% during the first quarter. Pentwater Capital Management LP now owns 2,340,000 shares of the business services provider’s stock worth $63,554,000 after buying an additional 1,990,000 shares in the last quarter. Calamos Advisors LLC acquired a new stake in Interpublic Group of Companies in the 1st quarter valued at approximately $46,172,000. Finally, Alliancebernstein L.P. lifted its stake in Interpublic Group of Companies by 149.0% in the 1st quarter. Alliancebernstein L.P. now owns 2,631,682 shares of the business services provider’s stock valued at $71,476,000 after acquiring an additional 1,574,777 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. UBS Group cut their price objective on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen raised Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. JPMorgan Chase & Co. dropped their price target on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. Barclays downgraded shares of Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $34.00 to $27.50 in a research report on Wednesday, June 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interpublic Group of Companies in a report on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus target price of $32.01.

Interpublic Group of Companies Price Performance

NYSE:IPG opened at $26.82 on Tuesday. The firm’s fifty day moving average price is $26.14 and its two-hundred day moving average price is $25.14. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $9.82 billion, a P/E ratio of 22.73 and a beta of 1.09. Interpublic Group of Companies, Inc. has a one year low of $22.51 and a one year high of $33.05.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.55 by $0.20. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.15 billion. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. Interpublic Group of Companies’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. Equities analysts expect that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.9%. Interpublic Group of Companies’s dividend payout ratio is presently 111.86%.

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.