Rosenberg Matthew Hamilton Trims Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Rosenberg Matthew Hamilton trimmed its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 71.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,183 shares of the business services provider’s stock after selling 2,953 shares during the period. Rosenberg Matthew Hamilton’s holdings in Interpublic Group of Companies were worth $33,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IPG. Benjamin Edwards Inc. lifted its holdings in Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 375 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Interpublic Group of Companies in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new position in Interpublic Group of Companies during the third quarter worth approximately $32,000. EverSource Wealth Advisors LLC raised its stake in Interpublic Group of Companies by 52.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $38,000 after purchasing an additional 405 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Interpublic Group of Companies in the 2nd quarter valued at $39,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies Stock Up 1.8 %

Shares of NYSE:IPG opened at $27.79 on Thursday. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 13.11 and a beta of 1.11. The company has a 50 day moving average of $28.91 and a two-hundred day moving average of $30.06. The Interpublic Group of Companies, Inc. has a 52-week low of $26.30 and a 52-week high of $35.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

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 analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the business earned $0.70 EPS. The business’s revenue was down 2.9% on a year-over-year basis. As a group, analysts forecast that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.75%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is 62.26%.

Analyst Ratings Changes

A number of analysts have recently commented on IPG shares. JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Macquarie restated a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Friday, January 10th. Finally, StockNews.com started coverage on shares of Interpublic Group of Companies in a research note on Sunday. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.50.

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.