Vident Advisory LLC Purchases 10,918 Shares of Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• Vident Advisory LLC increased its stake in Interpublic Group of Companies by 14.2%, now owning 87,591 shares worth approximately $2.38 million.
• Interpublic's recent earnings exceeded expectations with a reported $0.75 EPS, surpassing the consensus estimate of $0.55.
• The company declared a quarterly dividend of $0.33 per share, representing a 4.9% yield and a payout ratio of 111.86%.

Vident Advisory LLC grew its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 14.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,591 shares of the business services provider's stock after acquiring an additional 10,918 shares during the period. Vident Advisory LLC's holdings in Interpublic Group of Companies were worth $2,379,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in Interpublic Group of Companies in the 1st quarter valued at $1,480,000. Asset Management One Co. Ltd. increased its stake in shares of Interpublic Group of Companies by 2.4% in the first quarter. Asset Management One Co. Ltd. now owns 153,830 shares of the business services provider's stock valued at $4,178,000 after buying an additional 3,547 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Interpublic Group of Companies by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 43,655 shares of the business services provider's stock valued at $1,185,000 after buying an additional 1,170 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Interpublic Group of Companies by 7.5% in the first quarter. LPL Financial LLC now owns 500,207 shares of the business services provider's stock valued at $13,586,000 after buying an additional 34,753 shares during the last quarter. Finally, NBC Securities Inc. lifted its position in Interpublic Group of Companies by 106,420.0% during the 1st quarter. NBC Securities Inc. now owns 5,326 shares of the business services provider's stock worth $144,000 after buying an additional 5,321 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Interpublic Group of Companies to a "hold" rating in a research note on Saturday, August 16th. UBS Group decreased 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 report on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their target price on 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. Finally, Barclays lowered Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $34.00 to $27.50 in a research note on Wednesday, June 25th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies has an average rating of "Hold" and an average price target of $32.01.

Interpublic Group of Companies Trading Up 1.1%

Shares of Interpublic Group of Companies stock traded up $0.31 on Friday, hitting $27.15. 4,337,362 shares of the company's stock traded hands, compared to its average volume of 5,282,587. The firm's 50-day moving average price is $25.60 and its two-hundred day moving average price is $25.23. 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 stock has a market capitalization of $9.94 billion, a PE ratio of 23.01 and a beta of 1.09. Interpublic Group of Companies, Inc. has a one year low of $22.51 and a one 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 (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.20. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates 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 was down 6.6% on a year-over-year basis. During the same period last year, the company earned $0.61 EPS. On average, research analysts expect that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Tuesday, September 2nd. Interpublic Group of Companies's payout ratio is presently 111.86%.

Interpublic Group of Companies Company 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.