Commerzbank Aktiengesellschaft FI Makes New $2.45 Million Investment in Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• Commerzbank Aktiengesellschaft FI has invested approximately $2.45 million in 99,850 shares of Interpublic Group of Companies in Q2, reflecting the growing interest from institutional investors in the company.
• Interpublic Group's stock is currently down 2.6% and has a market capitalization of $9.73 billion, with a current consensus rating of "Hold" from analysts.
• The company reported $0.75 earnings per share for its latest quarter, surpassing estimates, but showed a 6.6% decline in revenue compared to the same period last year.

Commerzbank Aktiengesellschaft FI purchased a new position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 99,850 shares of the business services provider's stock, valued at approximately $2,445,000.

A number of other institutional investors and hedge funds have also modified their holdings of IPG. Farther Finance Advisors LLC raised its stake in shares of Interpublic Group of Companies by 17.6% during the first quarter. Farther Finance Advisors LLC now owns 19,726 shares of the business services provider's stock worth $515,000 after buying an additional 2,953 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Interpublic Group of Companies by 462.1% during the first quarter. SG Americas Securities LLC now owns 114,134 shares of the business services provider's stock worth $3,100,000 after buying an additional 93,829 shares during the last quarter. CX Institutional bought a new stake in shares of Interpublic Group of Companies during the first quarter worth approximately $179,000. Donaldson Capital Management LLC raised its stake in shares of Interpublic Group of Companies by 19.9% during the first quarter. Donaldson Capital Management LLC now owns 31,532 shares of the business services provider's stock worth $856,000 after buying an additional 5,226 shares during the last quarter. Finally, Palouse Capital Management Inc. raised its stake in shares of Interpublic Group of Companies by 1.1% during the first quarter. Palouse Capital Management Inc. now owns 54,763 shares of the business services provider's stock worth $1,487,000 after buying an additional 574 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price 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 raised shares of Interpublic Group of Companies to a "hold" rating in a research note on Saturday, August 16th. Barclays upped their target price on shares of Interpublic Group of Companies from $27.50 to $28.00 and gave the company an "equal weight" rating in a research note on Tuesday. UBS Group lowered 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 research note on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Interpublic Group of Companies in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $32.09.

Interpublic Group of Companies Stock Down 2.6%

Interpublic Group of Companies stock opened at $26.57 on Friday. The stock has a market capitalization of $9.73 billion, a PE ratio of 22.51 and a beta of 1.09. Interpublic Group of Companies, Inc. has a twelve month low of $22.51 and a twelve month high of $33.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $26.26 and a 200-day moving average of $25.17.

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, 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 business's quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, equities research 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. Investors of record on Tuesday, September 2nd were issued 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%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.