ASR Vermogensbeheer N.V. Buys New Position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Key Points

• ASR Vermogensbeheer N.V. made a new investment of approximately $1.32 million in Interpublic Group of Companies by acquiring 48,482 shares during the first quarter.
• Interpublic Group's recent quarterly earnings report showed an EPS of $0.75, exceeding analysts' expectations, although its revenue declined 6.6% year-over-year.
• The company announced a quarterly dividend of $0.33 per share, with an annualized yield of 5.3%, despite having a high dividend payout ratio of 111.86%.

ASR Vermogensbeheer N.V. bought a new stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 48,482 shares of the business services provider's stock, valued at approximately $1,317,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sentry Investment Management LLC purchased a new position in shares of Interpublic Group of Companies during the 1st quarter valued at approximately $31,000. Raiffeisen Bank International AG purchased a new position in shares of Interpublic Group of Companies during the 4th quarter valued at approximately $42,000. FNY Investment Advisers LLC purchased a new position in shares of Interpublic Group of Companies during the 1st quarter valued at approximately $44,000. Grove Bank & Trust boosted its stake in shares of Interpublic Group of Companies by 1,219.5% during the 1st quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider's stock valued at $59,000 after buying an additional 2,000 shares during the last quarter. Finally, GeoWealth Management LLC boosted its stake in shares of Interpublic Group of Companies by 20.7% during the 4th quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider's stock valued at $94,000 after buying an additional 573 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IPG has been the topic of several research reports. UBS Group dropped their price target 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. Citigroup reissued 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. Barclays lowered Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $34.00 to $27.50 in a research report on Wednesday, June 25th. JPMorgan Chase & Co. dropped their price target on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Finally, Wall Street Zen initiated coverage on Interpublic Group of Companies in a research report on Tuesday, May 20th. They set a "hold" rating on the stock. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Interpublic Group of Companies has an average rating of "Hold" and a consensus target price of $32.39.

Interpublic Group of Companies Stock Performance

Shares of IPG traded up $0.69 during trading hours on Wednesday, reaching $25.96. 3,152,449 shares of the company's stock traded hands, compared to its average volume of 6,944,691. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 22.00 and a beta of 1.05. 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 twelve month low of $22.51 and a twelve month high of $33.05. The business's fifty day simple moving average is $24.49 and its two-hundred day simple moving average is $25.41.

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

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, September 2nd. Interpublic Group of Companies's dividend payout ratio (DPR) is 111.86%.

About Interpublic Group of Companies

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.