Marino Stram & Associates LLC Sells 602 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Marino Stram & Associates LLC trimmed its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,285 shares of the business services provider’s stock after selling 602 shares during the quarter. Marino Stram & Associates LLC’s holdings in Interpublic Group of Companies were worth $736,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Interpublic Group of Companies by 4.7% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,030,630 shares of the business services provider’s stock valued at $28,878,000 after acquiring an additional 45,894 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Interpublic Group of Companies by 23.5% during the fourth quarter. Arkadios Wealth Advisors now owns 129,603 shares of the business services provider’s stock worth $3,631,000 after acquiring an additional 24,651 shares during the last quarter. Merit Financial Group LLC increased its stake in Interpublic Group of Companies by 11.6% during the fourth quarter. Merit Financial Group LLC now owns 21,612 shares of the business services provider’s stock worth $606,000 after acquiring an additional 2,249 shares during the last quarter. Avanza Fonder AB bought a new stake in Interpublic Group of Companies during the fourth quarter worth approximately $784,000. Finally, Empirical Asset Management LLC bought a new stake in Interpublic Group of Companies during the fourth quarter worth approximately $421,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies Stock Up 0.0 %

Shares of NYSE IPG opened at $28.22 on Thursday. The stock has a 50 day moving average price of $28.77 and a 200 day moving average price of $30.05. 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 firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of 13.31 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a 52-week low of $26.30 and a 52-week high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. Interpublic Group of Companies’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 earnings per share. Sell-side analysts expect that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.68%. Interpublic Group of Companies’s dividend payout ratio is currently 62.26%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. StockNews.com initiated coverage on Interpublic Group of Companies in a research note on Monday. They set a “hold” rating on the stock. Macquarie reaffirmed a “neutral” rating and set a $31.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. Finally, BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Interpublic Group of Companies currently has an average rating of “Hold” and an average target price of $32.50.

Interpublic Group of Companies Company 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.