The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Acquired by KBC Group NV

KBC Group NV boosted its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,066 shares of the business services provider’s stock after purchasing an additional 4,349 shares during the period. KBC Group NV’s holdings in Interpublic Group of Companies were worth $6,454,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Boston Trust Walden Corp increased its position in shares of Interpublic Group of Companies by 3.0% during the second quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider’s stock worth $34,532,000 after acquiring an additional 34,965 shares during the last quarter. Tidal Investments LLC boosted its stake 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 valued at $3,949,000 after buying an additional 48,996 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Interpublic Group of Companies by 176.5% during the second quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider’s stock worth $7,403,000 after buying an additional 162,468 shares in the last quarter. Andra AP fonden increased its stake in shares of Interpublic Group of Companies by 16.2% in the second quarter. Andra AP fonden now owns 532,100 shares of the business services provider’s stock worth $15,479,000 after buying an additional 74,200 shares during the last quarter. Finally, M&G Plc acquired a new stake in Interpublic Group of Companies in the second quarter valued at $605,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IPG. Morgan Stanley lowered shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $34.00 to $28.00 in a report on Monday, July 22nd. UBS Group lowered Interpublic Group of Companies from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $34.00 to $29.00 in a report on Thursday, September 12th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $26.00 target price (down previously from $28.00) on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Bank of America lowered their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, 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. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned 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 $30.57.

Interpublic Group of Companies Stock Down 7.2 %

Shares of Interpublic Group of Companies stock opened at $27.09 on Monday. The Interpublic Group of Companies, Inc. has a twelve month low of $27.01 and a twelve month high of $35.17. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 12.78 and a beta of 1.10. 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 business’s 50 day simple moving average is $30.62 and its 200-day simple moving average is $30.59.

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 (EPS) for the quarter, meeting analysts’ consensus estimates 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 return on equity of 27.76% and a net margin of 7.44%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.70 earnings per share. Equities research analysts forecast 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 paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies’s payout ratio is 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.