Andra AP fonden Grows Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Andra AP fonden boosted its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 16.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 532,100 shares of the business services provider’s stock after buying an additional 74,200 shares during the period. Andra AP fonden’s holdings in Interpublic Group of Companies were worth $15,479,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UMB Bank n.a. increased its holdings in shares of Interpublic Group of Companies by 3.5% in the 1st quarter. UMB Bank n.a. now owns 9,607 shares of the business services provider’s stock valued at $313,000 after acquiring an additional 321 shares during the period. Legacy Wealth Asset Management LLC boosted its position in shares of Interpublic Group of Companies by 3.3% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 10,923 shares of the business services provider’s stock worth $356,000 after purchasing an additional 347 shares in the last quarter. Richardson Financial Services Inc. boosted its position in shares of Interpublic Group of Companies by 8.4% in the 1st quarter. Richardson Financial Services Inc. now owns 4,530 shares of the business services provider’s stock worth $148,000 after purchasing an additional 350 shares in the last quarter. Assetmark Inc. boosted its position in shares of Interpublic Group of Companies by 27.5% in the 4th quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock worth $56,000 after purchasing an additional 368 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Interpublic Group of Companies by 2.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock worth $494,000 after purchasing an additional 382 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays lowered their price objective on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. JPMorgan Chase & Co. lowered their price target on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Macquarie dropped their price target on Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Morgan Stanley cut Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $34.00 to $28.00 in a research note on Monday, July 22nd. Finally, Bank of America dropped 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Interpublic Group of Companies currently has an average rating of “Hold” and an average price target of $33.88.

Interpublic Group of Companies Trading Up 0.3 %

IPG stock opened at $31.15 on Wednesday. The Interpublic Group of Companies, Inc. has a 52-week low of $27.20 and a 52-week high of $35.17. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. The firm has a market cap of $11.70 billion, a P/E ratio of 11.09, a PEG ratio of 5.20 and a beta of 1.10. The company’s 50-day simple moving average is $30.64 and its 200-day simple moving average is $30.99.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.33 billion. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. Interpublic Group of Companies’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.74 earnings per share. As a group, equities analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 EPS 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 17th. Stockholders of record on Tuesday, September 3rd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Interpublic Group of Companies 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.