Venturi Wealth Management LLC Sells 10,873 Shares of Interpublic Group of Companies, Inc. (The) $IPG

Venturi Wealth Management LLC lowered its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 29.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 25,904 shares of the business services provider’s stock after selling 10,873 shares during the period. Venturi Wealth Management LLC’s holdings in Interpublic Group of Companies were worth $634,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Brooklyn Investment Group lifted its position in Interpublic Group of Companies by 20.0% during the first quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 391 shares during the last quarter. My Legacy Advisors LLC lifted its position in Interpublic Group of Companies by 2.5% during the second quarter. My Legacy Advisors LLC now owns 17,393 shares of the business services provider’s stock valued at $435,000 after purchasing an additional 431 shares during the last quarter. Lynx Investment Advisory lifted its position in Interpublic Group of Companies by 4.1% during the second quarter. Lynx Investment Advisory now owns 11,429 shares of the business services provider’s stock valued at $280,000 after purchasing an additional 452 shares during the last quarter. Penserra Capital Management LLC lifted its position in Interpublic Group of Companies by 3.8% during the first quarter. Penserra Capital Management LLC now owns 15,102 shares of the business services provider’s stock valued at $410,000 after purchasing an additional 552 shares during the last quarter. Finally, Diversified Trust Co lifted its position in Interpublic Group of Companies by 0.5% during the first quarter. Diversified Trust Co now owns 119,908 shares of the business services provider’s stock valued at $3,257,000 after purchasing an additional 572 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Down 2.6%

IPG stock opened at $26.57 on Friday. The company has a market capitalization of $9.73 billion, a PE ratio of 22.51 and a beta of 1.09. Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05. The firm’s 50-day moving average is $26.26 and its 200 day moving average is $25.17. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly 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 company had revenue of $2.17 billion for 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%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 EPS. On average, research analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 111.86%.

Analyst Ratings Changes

Several research firms have commented on IPG. Wall Street Zen upgraded shares of Interpublic Group of Companies to a “hold” rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. reduced their target price on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Interpublic Group of Companies in a research note on Wednesday. UBS Group reduced their target price on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Finally, Barclays increased their target price on shares of Interpublic Group of Companies from $27.50 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $32.09.

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.