Baader Bank Aktiengesellschaft Makes New $388,000 Investment 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 acquired a new stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 15,848 shares of the business services provider's stock, valued at approximately $388,000.

A number of other hedge funds have also recently bought and sold shares of IPG. Goldman Sachs Group Inc. boosted 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 buying an additional 2,797,490 shares during the last quarter. Pentwater Capital Management LP boosted its position in shares of Interpublic Group of Companies by 568.6% in the 1st quarter. Pentwater Capital Management LP now owns 2,340,000 shares of the business services provider's stock worth $63,554,000 after purchasing an additional 1,990,000 shares during the last quarter. Calamos Advisors LLC bought a new position in shares of Interpublic Group of Companies in the 1st quarter worth $46,172,000. Alliancebernstein L.P. boosted its position in shares of Interpublic Group of Companies by 149.0% in the 1st quarter. Alliancebernstein L.P. now owns 2,631,682 shares of the business services provider's stock worth $71,476,000 after purchasing an additional 1,574,777 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Interpublic Group of Companies by 1,475.5% in the 1st quarter. Jane Street Group LLC now owns 1,328,121 shares of the business services provider's stock worth $36,072,000 after purchasing an additional 1,243,823 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Interpublic Group of Companies Stock Performance

NYSE:IPG traded up $0.88 during mid-day trading on Tuesday, hitting $26.39. 1,099,238 shares of the stock were exchanged, compared to its average volume of 6,714,341. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 22.32 and a beta of 1.09. The firm's 50-day simple moving average is $25.86 and its 200 day simple moving average is $25.15. 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 fifty-two week low of $22.51 and a fifty-two week high of $33.05.

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

Interpublic Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.32 annualized dividend and a yield of 5.0%. Interpublic Group of Companies's dividend payout ratio is presently 111.86%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IPG shares. Barclays lowered Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock 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. 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 note on Wednesday, July 23rd. Finally, 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 note on Thursday, July 10th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $32.01.

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.