MBB Public Markets I LLC Takes $325,000 Position in Interpublic Group of Companies, Inc. (The) $IPG

MBB Public Markets I LLC acquired a new position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,959 shares of the business services provider’s stock, valued at approximately $325,000.

Several other institutional investors have also added to or reduced their stakes in IPG. Sentry Investment Management LLC acquired a new stake in Interpublic Group of Companies during the 1st quarter valued at approximately $31,000. Raiffeisen Bank International AG acquired a new stake in shares of Interpublic Group of Companies during the fourth quarter worth $42,000. FNY Investment Advisers LLC bought a new position in Interpublic Group of Companies during the first quarter worth $44,000. Grove Bank & Trust raised its stake in Interpublic Group of Companies by 1,219.5% during the first quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider’s stock worth $59,000 after buying an additional 2,000 shares during the last quarter. Finally, Brooklyn Investment Group lifted its holdings in Interpublic Group of Companies by 20.0% in the first quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock valued at $64,000 after buying an additional 391 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Interpublic Group of Companies Trading Down 0.5%

NYSE IPG opened at $27.02 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78. Interpublic Group of Companies, Inc. has a 52 week low of $22.51 and a 52 week high of $33.05. The business has a 50 day moving average price of $25.65 and a 200-day moving average price of $25.23. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 22.89 and a beta of 1.09.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.20. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%.Interpublic Group of Companies’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. As a group, equities analysts expect that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Tuesday, September 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 111.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IPG. Wall Street Zen upgraded Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. UBS Group decreased their target price on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Barclays downgraded Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $34.00 to $27.50 in a report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. cut their price target on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.01.

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.