Elevated Capital Advisors LLC Purchases 2,461 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Elevated Capital Advisors LLC increased its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 11.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,955 shares of the business services provider’s stock after acquiring an additional 2,461 shares during the period. Elevated Capital Advisors LLC’s holdings in Interpublic Group of Companies were worth $758,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of IPG. Benjamin Edwards Inc. grew its holdings in shares of Interpublic Group of Companies by 73.8% in the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after acquiring an additional 375 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of Interpublic Group of Companies by 652.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock worth $30,000 after acquiring an additional 900 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Interpublic Group of Companies in the second quarter worth $32,000. EverSource Wealth Advisors LLC grew its holdings in shares of Interpublic Group of Companies by 52.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $38,000 after acquiring an additional 405 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of Interpublic Group of Companies in the second quarter worth $39,000. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of Interpublic Group of Companies stock opened at $30.04 on Thursday. The stock’s 50-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 $27.54 and a 52 week high of $35.17. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 5.18 and a beta of 1.09. 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 announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 earnings per share. As a group, analysts expect that The Interpublic Group of Companies, Inc. will post 2.83 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.33 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.39%. Interpublic Group of Companies’s dividend payout ratio is currently 46.98%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on IPG shares. 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 research report on Thursday, September 5th. Wells Fargo & Company reiterated an “underweight” rating and set a $26.00 target price (down from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday. JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. StockNews.com downgraded Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, BNP Paribas downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $30.57.

Interpublic Group of Companies Company 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.