Baader Bank Aktiengesellschaft Buys New Holdings in Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• Baader Bank Aktiengesellschaft has made a new investment in the Interpublic Group of Companies, Inc., purchasing 15,848 shares valued at approximately $388,000 during the second quarter.
• The earnings report for Interpublic showed EPS of $0.75, surpassing estimates of $0.55, despite a 6.6% year-over-year revenue decline to $2.17 billion.
• Interpublic's dividend yield is currently at 5.1%, with a recent quarterly dividend of $0.33 per share and a payout ratio of 111.86%.

Baader Bank Aktiengesellschaft bought a new position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,848 shares of the business services provider's stock, valued at approximately $388,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Canada Pension Plan Investment Board lifted its holdings in shares of Interpublic Group of Companies by 5.1% in the first quarter. Canada Pension Plan Investment Board now owns 13,885,384 shares of the business services provider's stock worth $377,127,000 after acquiring an additional 674,938 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Interpublic Group of Companies by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,781,455 shares of the business services provider's stock worth $374,304,000 after buying an additional 842,925 shares during the period. Goldman Sachs Group Inc. grew its position in Interpublic Group of Companies by 49.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider's stock valued at $231,138,000 after purchasing an additional 2,797,490 shares during the period. Deutsche Bank AG grew its position in Interpublic Group of Companies by 32.0% in the 1st quarter. Deutsche Bank AG now owns 4,972,412 shares of the business services provider's stock valued at $135,051,000 after purchasing an additional 1,206,542 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Interpublic Group of Companies by 4.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,867,134 shares of the business services provider's stock valued at $132,191,000 after acquiring an additional 196,906 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Wall Street Analyst Weigh In

IPG has been the topic of a number of research reports. UBS Group lowered 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 note on Wednesday, July 23rd. Barclays downgraded Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $34.00 to $27.50 in a research report on Wednesday, June 25th. Wall Street Zen upgraded Interpublic Group of Companies to a "hold" rating in a report on Saturday, August 16th. Finally, JPMorgan Chase & Co. reduced 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 note on Thursday, July 10th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of "Hold" and an average price target of $32.01.

Interpublic Group of Companies Stock Performance

Shares of NYSE IPG traded down $0.32 during trading on Friday, hitting $25.70. The company had a trading volume of 17,696,297 shares, compared to its average volume of 4,841,101. The stock has a 50 day simple moving average of $25.84 and a 200 day simple moving average of $25.18. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05. The firm has a market capitalization of $9.41 billion, a P/E ratio of 21.78 and a beta of 1.09.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the company earned $0.61 earnings per share. The business's revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

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

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.