Interpublic Group of Companies, Inc. (The) $IPG Shares Purchased by Shell Asset Management Co.

Shell Asset Management Co. boosted its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 42.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,315 shares of the business services provider's stock after acquiring an additional 18,759 shares during the period. Shell Asset Management Co.'s holdings in Interpublic Group of Companies were worth $1,550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in IPG. FNY Investment Advisers LLC acquired a new stake in Interpublic Group of Companies in the 1st quarter valued at about $44,000. Grove Bank & Trust grew its stake in 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 last quarter. Brooklyn Investment Group grew its stake in 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 last quarter. Ancora Advisors LLC acquired a new stake in Interpublic Group of Companies in the 1st quarter valued at about $102,000. Finally, Richardson Financial Services Inc. grew its stake in Interpublic Group of Companies by 18.7% in the 1st quarter. Richardson Financial Services Inc. now owns 4,136 shares of the business services provider's stock valued at $112,000 after acquiring an additional 651 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Trading Up 0.2%

Shares of IPG stock opened at $27.30 on Thursday. The firm has a market cap of $10.00 billion, a P/E ratio of 23.14 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. 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 simple moving average is $26.22 and its 200-day simple moving average is $25.17.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its quarterly earnings data 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. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the firm posted $0.61 EPS. The company's revenue was down 6.6% on a year-over-year basis. As a group, equities analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.33 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.32 annualized dividend and a yield of 4.8%. Interpublic Group of Companies's dividend payout ratio (DPR) is presently 111.86%.

Wall Street Analyst Weigh In

IPG has been the topic of several analyst reports. Barclays raised their price target on shares of Interpublic Group of Companies from $27.50 to $28.00 and gave the stock an "equal weight" rating in a research note on Tuesday. UBS Group decreased their price target on shares of 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. Wall Street Zen raised shares of Interpublic Group of Companies to a "hold" rating in a research note on Saturday, August 16th. JPMorgan Chase & Co. decreased their price target on shares of 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. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Interpublic Group of Companies in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $32.09.

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.

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