Auxier Asset Management Sells 903 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Auxier Asset Management trimmed its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 10.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,442 shares of the business services provider’s stock after selling 903 shares during the period. Auxier Asset Management’s holdings in Interpublic Group of Companies were worth $235,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its position in shares of Interpublic Group of Companies by 11.1% during the third quarter. Public Sector Pension Investment Board now owns 16,071 shares of the business services provider’s stock valued at $508,000 after purchasing an additional 1,600 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Interpublic Group of Companies by 10.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,402,349 shares of the business services provider’s stock worth $139,246,000 after buying an additional 417,741 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Interpublic Group of Companies by 9.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 954,703 shares of the business services provider’s stock valued at $30,197,000 after buying an additional 79,404 shares during the period. FORA Capital LLC acquired a new position in shares of Interpublic Group of Companies in the 3rd quarter valued at $1,935,000. Finally, Bridgewater Associates LP lifted its holdings in shares of Interpublic Group of Companies by 956.5% during the 3rd quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider’s stock worth $3,313,000 after acquiring an additional 94,821 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group cut shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and cut their price target for the stock from $34.00 to $29.00 in a research note on Thursday, September 12th. Barclays reduced 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 research note on Wednesday, October 23rd. Wells Fargo & Company restated 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. BNP Paribas lowered shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Finally, StockNews.com raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $30.57.

Interpublic Group of Companies Stock Down 0.5 %

NYSE:IPG opened at $30.48 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $30.32 and a two-hundred day moving average price of $30.50. The Interpublic Group of Companies, Inc. has a 1 year low of $26.88 and a 1 year high of $35.17. The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 14.38 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting 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 company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts expect that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.33 per share. 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 (DPR) is presently 62.26%.

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.