Banque Cantonale Vaudoise purchased a new stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 19,837 shares of the business services provider's stock, valued at approximately $539,000.
Other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its stake in Interpublic Group of Companies by 13.4% during the first quarter. Federated Hermes Inc. now owns 36,944 shares of the business services provider's stock worth $1,003,000 after acquiring an additional 4,371 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Interpublic Group of Companies by 7.5% during the 1st quarter. LPL Financial LLC now owns 500,207 shares of the business services provider's stock worth $13,586,000 after purchasing an additional 34,753 shares during the period. RWC Asset Management LLP grew its holdings in shares of Interpublic Group of Companies by 573.2% during the 1st quarter. RWC Asset Management LLP now owns 78,619 shares of the business services provider's stock worth $2,135,000 after purchasing an additional 66,941 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Interpublic Group of Companies by 10.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,236,971 shares of the business services provider's stock worth $33,596,000 after purchasing an additional 117,260 shares during the last quarter. Finally, Empirical Finance LLC increased its position in shares of Interpublic Group of Companies by 1.8% during the 1st quarter. Empirical Finance LLC now owns 50,746 shares of the business services provider's stock worth $1,378,000 after purchasing an additional 921 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.
Interpublic Group of Companies Stock Down 1.5%
Shares of NYSE IPG traded down $0.37 during midday trading on Friday, hitting $24.23. The company's stock had a trading volume of 4,219,129 shares, compared to its average volume of 7,380,161. Interpublic Group of Companies, Inc. has a 1 year low of $22.51 and a 1 year high of $33.05. The business's fifty day simple moving average is $24.35 and its two-hundred day simple moving average is $25.57. The firm has a market capitalization of $8.87 billion, a price-to-earnings ratio of 20.53 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 (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 the consensus estimate of $0.55 by $0.20. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.15 billion. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The firm's revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. On average, equities analysts predict that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.
Interpublic Group of Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $1.32 annualized dividend and a yield of 5.4%. Interpublic Group of Companies's dividend payout ratio is 111.86%.
Analysts Set New Price Targets
IPG has been the topic of a number of recent analyst reports. Citigroup reaffirmed a "buy" rating and issued a $35.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. Wall Street Zen began coverage on shares of Interpublic Group of Companies in a report on Tuesday, May 20th. They issued a "hold" rating on the stock. Barclays cut shares of Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $34.00 to $27.50 in a research report on Wednesday, June 25th. UBS Group dropped their target price on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. decreased 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. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Interpublic Group of Companies currently has an average rating of "Hold" and an average price target of $32.39.
Get Our Latest Research Report on IPG
Interpublic Group of Companies Company Profile
(
Free Report)
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.
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