Mutual Advisors LLC Has $1.01 Million Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Mutual Advisors LLC cut its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,035 shares of the business services provider’s stock after selling 2,223 shares during the period. Mutual Advisors LLC’s holdings in Interpublic Group of Companies were worth $1,005,000 at the end of the most recent quarter.

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

Interpublic Group of Companies Price Performance

IPG opened at $28.55 on Friday. The Interpublic Group of Companies, Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $35.17. The firm has a 50-day moving average of $28.76 and a 200 day moving average of $30.03. The firm has a market cap of $10.63 billion, a P/E ratio of 13.47 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed 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. This represents a $1.32 annualized dividend and a yield of 4.62%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is 62.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Macquarie reissued a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. 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 report on Friday, January 10th. StockNews.com initiated coverage on shares of Interpublic Group of Companies in a research report on Monday, January 20th. They issued a “hold” rating on the stock. Finally, Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $36.00 in a research note on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $33.00.

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.