MUFG Securities EMEA plc Takes $10.02 Million Position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Key Points

• MUFG Securities EMEA plc acquired 368,999 shares of Interpublic Group of Companies, Inc. for approximately $10 million, representing a 0.10% ownership stake as of the latest SEC filing.
• Interpublic recently reported $0.75 EPS, exceeding analysts' expectations of $0.55, despite a 6.6% year-over-year revenue decline to $2.17 billion.
• The company plans to pay a quarterly dividend of $0.33 on September 16th, translating to a 5.3% dividend yield and a payout ratio of 111.86%.

MUFG Securities EMEA plc bought a new stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 368,999 shares of the business services provider's stock, valued at approximately $10,022,000. MUFG Securities EMEA plc owned approximately 0.10% of Interpublic Group of Companies as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IPG. Wolverine Asset Management LLC boosted its position in Interpublic Group of Companies by 90.3% in the first quarter. Wolverine Asset Management LLC now owns 42,629 shares of the business services provider's stock worth $1,158,000 after purchasing an additional 20,230 shares during the last quarter. Forsta AP Fonden raised its stake in shares of Interpublic Group of Companies by 7.0% during the 1st quarter. Forsta AP Fonden now owns 128,700 shares of the business services provider's stock valued at $3,495,000 after purchasing an additional 8,400 shares during the period. National Bank of Canada FI boosted its position in shares of Interpublic Group of Companies by 62.0% in the first quarter. National Bank of Canada FI now owns 279,480 shares of the business services provider's stock valued at $7,591,000 after acquiring an additional 106,978 shares during the period. Citigroup Inc. raised its position in shares of Interpublic Group of Companies by 13.8% in the first quarter. Citigroup Inc. now owns 1,203,528 shares of the business services provider's stock worth $32,688,000 after buying an additional 146,151 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Interpublic Group of Companies by 23.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 691,712 shares of the business services provider's stock worth $18,787,000 after buying an additional 131,532 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG traded up $0.07 during trading on Monday, hitting $24.98. 5,797,878 shares of the company's stock were exchanged, compared to its average volume of 6,876,178. The business's 50-day simple moving average is $24.45 and its 200 day simple moving average is $25.41. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. Interpublic Group of Companies, Inc. has a 52-week low of $22.51 and a 52-week high of $33.05. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 21.17 and a beta of 1.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.20. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm's revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities analysts predict that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.33 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.32 annualized dividend and a yield of 5.3%. Interpublic Group of Companies's dividend payout ratio (DPR) is currently 111.86%.

Analyst Ratings Changes

Several brokerages have issued reports on IPG. Barclays lowered Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $34.00 to $27.50 in a research note on Wednesday, June 25th. Citigroup reaffirmed a "buy" rating and set a $35.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target 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 began coverage on Interpublic Group of Companies in a research note on Tuesday, May 20th. They issued a "hold" rating on the stock. Finally, UBS Group dropped their price objective on Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Interpublic Group of Companies currently has a consensus rating of "Hold" and an average target price of $32.39.

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.