Vontobel Holding Ltd. Has $2.95 Million Stock Holdings in Interpublic Group of Companies, Inc. (The) $IPG

Vontobel Holding Ltd. lifted its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,561 shares of the business services provider’s stock after purchasing an additional 1,622 shares during the period. Vontobel Holding Ltd.’s holdings in Interpublic Group of Companies were worth $2,951,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Teacher Retirement System of Texas acquired a new position in Interpublic Group of Companies during the first quarter worth $1,480,000. Sound Income Strategies LLC grew its position in shares of Interpublic Group of Companies by 5.6% in the 2nd quarter. Sound Income Strategies LLC now owns 457,333 shares of the business services provider’s stock valued at $11,196,000 after acquiring an additional 24,258 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Interpublic Group of Companies by 2.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 153,830 shares of the business services provider’s stock valued at $4,178,000 after acquiring an additional 3,547 shares during the period. State of Alaska Department of Revenue grew its position in shares of Interpublic Group of Companies by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 43,655 shares of the business services provider’s stock valued at $1,185,000 after acquiring an additional 1,170 shares during the period. Finally, Shell Asset Management Co. grew its position in shares of Interpublic Group of Companies by 42.1% in the 2nd quarter. Shell Asset Management Co. now owns 63,315 shares of the business services provider’s stock valued at $1,550,000 after acquiring an additional 18,759 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

Shares of NYSE:IPG opened at $26.11 on Friday. The company’s 50 day moving average price is $26.30 and its two-hundred day moving average price is $25.16. Interpublic Group of Companies, Inc. has a 12-month low of $22.51 and a 12-month high of $33.05. The firm has a market cap of $9.56 billion, a PE ratio of 22.13 and a beta of 1.09. 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 (NYSE:IPG) last issued its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.20. The business had revenue of $2.17 billion during 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%.The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. Equities research analysts predict that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $0.33 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.1%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 111.86%.

Analyst Upgrades and Downgrades

IPG has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their target price on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Wall Street Zen raised Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Barclays boosted their target price on Interpublic Group of Companies from $27.50 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interpublic Group of Companies in a research report on Wednesday. Finally, UBS Group reduced their price objective on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $32.09.

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.