Interpublic Group of Companies, Inc. (The) $IPG Shares Purchased by Private Wealth Asset Management LLC

Private Wealth Asset Management LLC grew its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPGFree Report) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,060 shares of the business services provider’s stock after acquiring an additional 400 shares during the period. Private Wealth Asset Management LLC’s holdings in Interpublic Group of Companies were worth $99,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in Interpublic Group of Companies during the first quarter worth $44,000. Grove Bank & Trust lifted its position in shares of Interpublic Group of Companies by 1,219.5% in the 1st 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. Brooklyn Investment Group boosted its holdings in shares of Interpublic Group of Companies by 20.0% in the 1st 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. Ancora Advisors LLC bought a new stake in shares of Interpublic Group of Companies during the 1st quarter valued at about $102,000. Finally, Richardson Financial Services Inc. raised its stake in Interpublic Group of Companies by 18.7% during the first quarter. Richardson Financial Services Inc. now owns 4,136 shares of the business services provider’s stock worth $112,000 after acquiring an additional 651 shares during the period. Institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on IPG. 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 boosted their price objective on Interpublic Group of Companies from $27.50 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interpublic Group of Companies in a research report on Wednesday, October 8th. Zacks Research cut Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Wall Street Zen raised shares of Interpublic Group of Companies to a “hold” rating in a research note on Saturday, August 16th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Interpublic Group of Companies currently has an average rating of “Hold” and an average price target of $32.09.

View Our Latest Research Report on IPG

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $27.05 on Thursday. The stock has a market cap of $9.91 billion, a P/E ratio of 22.92 and a beta of 1.09. The firm’s 50-day simple moving average is $26.41 and its 200 day simple moving average is $25.18. Interpublic Group of Companies, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $33.05. 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:IPGGet Free Report) last released its earnings results on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.55 by $0.20. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter last year, the company earned $0.61 EPS. Interpublic Group of Companies’s quarterly revenue was down 6.6% on a year-over-year basis. Equities analysts expect that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Tuesday, September 2nd. Interpublic Group of Companies’s dividend payout ratio is 111.86%.

About Interpublic Group of Companies

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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