The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Acquired by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 31.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,356 shares of the business services provider’s stock after purchasing an additional 568 shares during the period. Raleigh Capital Management Inc.’s holdings in Interpublic Group of Companies were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in shares of Interpublic Group of Companies by 15.0% in the 1st quarter. BNP Paribas Financial Markets now owns 989,318 shares of the business services provider’s stock valued at $32,281,000 after buying an additional 129,215 shares during the period. Boston Trust Walden Corp lifted its holdings in Interpublic Group of Companies by 3.0% in the second quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider’s stock valued at $34,532,000 after acquiring an additional 34,965 shares during the period. Tidal Investments LLC boosted its position in shares of Interpublic Group of Companies by 68.0% during the 1st quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider’s stock worth $3,949,000 after purchasing an additional 48,996 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Interpublic Group of Companies by 176.5% during the 2nd quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider’s stock worth $7,403,000 after purchasing an additional 162,468 shares during the period. Finally, FORA Capital LLC purchased a new position in shares of Interpublic Group of Companies in the 1st quarter valued at about $2,061,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Down 5.8 %

IPG opened at $29.78 on Wednesday. The firm has a market cap of $11.24 billion, a P/E ratio of 10.60, a PEG ratio of 5.18 and a beta of 1.09. The business’s fifty day simple moving average is $31.39 and its 200 day simple moving average is $30.75. The Interpublic Group of Companies, Inc. has a 52 week low of $27.53 and a 52 week high of $35.17. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75.

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 (EPS) for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.70 EPS. As a group, equities research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.83 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.33 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a yield of 4.43%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Wall Street Analysts Forecast Growth

IPG has been the topic of several recent analyst reports. Macquarie restated a “neutral” rating and set a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday. JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. UBS Group cut Interpublic Group of Companies from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Bank of America lowered their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $26.00 price target (down previously from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday. Four analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.81.

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.