15,132 Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG) Purchased by LMR Partners LLP

LMR Partners LLP bought a new stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,132 shares of the business services provider’s stock, valued at approximately $479,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avantax Advisory Services Inc. acquired a new position in Interpublic Group of Companies during the first quarter valued at approximately $310,000. O Shaughnessy Asset Management LLC lifted its position in shares of Interpublic Group of Companies by 0.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 146,467 shares of the business services provider’s stock worth $4,779,000 after buying an additional 584 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in Interpublic Group of Companies by 580.0% in the first quarter. UniSuper Management Pty Ltd now owns 32,832 shares of the business services provider’s stock valued at $1,071,000 after buying an additional 28,004 shares in the last quarter. Bessemer Group Inc. grew its position in Interpublic Group of Companies by 202.4% in the first quarter. Bessemer Group Inc. now owns 56,389 shares of the business services provider’s stock valued at $1,840,000 after acquiring an additional 37,740 shares during the last quarter. Finally, Pitcairn Co. raised its stake in Interpublic Group of Companies by 75.3% during the first quarter. Pitcairn Co. now owns 21,457 shares of the business services provider’s stock worth $700,000 after acquiring an additional 9,216 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IPG. UBS Group lowered shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price target for the company from $34.00 to $29.00 in a report on Thursday, September 12th. Macquarie reiterated a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Bank of America cut their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.57.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $27.66 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $10.30 billion, a PE ratio of 13.05 and a beta of 1.10. The firm has a fifty day simple moving average of $30.55 and a 200 day simple moving average of $30.57. The Interpublic Group of Companies, Inc. has a twelve month low of $26.88 and a twelve month high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the business earned $0.70 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.33 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.77%. Interpublic Group of Companies’s dividend payout ratio is currently 62.26%.

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.