Eisler Capital Management Ltd. Raises Stock Holdings in Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• Eisler Capital Management Ltd. increased its holdings in Interpublic Group of Companies by 50.2%, acquiring an additional 35,201 shares, bringing its total to 105,262 shares valued at approximately $2.86 million.
• Interpublic Group reported $0.75 earnings per share (EPS) for the last quarter, surpassing analysts' predictions of $0.55, although its quarterly revenue fell 6.6% year-over-year.
• The company announced a quarterly dividend of $0.33 per share, representing a 4.9% dividend yield, with an ex-dividend date set for September 2nd.

Eisler Capital Management Ltd. grew its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 50.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,262 shares of the business services provider's stock after acquiring an additional 35,201 shares during the quarter. Eisler Capital Management Ltd.'s holdings in Interpublic Group of Companies were worth $2,859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sentry Investment Management LLC purchased a new position in shares of Interpublic Group of Companies in the 1st quarter valued at $31,000. Raiffeisen Bank International AG purchased a new position in shares of Interpublic Group of Companies in the 4th quarter valued at $42,000. FNY Investment Advisers LLC purchased a new position in shares of Interpublic Group of Companies in the 1st quarter valued at $44,000. Grove Bank & Trust increased its holdings in shares of Interpublic Group of Companies by 1,219.5% in the 1st quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider's stock valued at $59,000 after acquiring an additional 2,000 shares during the period. Finally, Brooklyn Investment Group increased its holdings in shares of Interpublic Group of Companies by 20.0% in the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider's stock valued at $64,000 after acquiring an additional 391 shares during the period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wall Street Zen upgraded Interpublic Group of Companies to a "hold" rating in a report on Saturday, August 16th. JPMorgan Chase & Co. dropped their target price 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. Barclays downgraded Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $34.00 to $27.50 in a research note on Wednesday, June 25th. Finally, UBS Group dropped their target price 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. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $32.39.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock traded up $0.16 during trading hours on Monday, hitting $26.85. 2,410,150 shares of the stock traded hands, compared to its average volume of 5,475,969. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. The firm's 50 day moving average price is $25.36 and its 200-day moving average price is $25.25. The stock has a market capitalization of $9.83 billion, a price-to-earnings ratio of 22.75 and a beta of 1.09. Interpublic Group of Companies, Inc. has a 1 year low of $22.51 and a 1 year high of $33.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted 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 business had revenue of $2.17 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.61 EPS. As a group, equities analysts expect that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Interpublic Group of Companies's payout ratio 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.