Deutsche Bank AG Has $135.05 Million Holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Key Points

• Deutsche Bank AG increased its stake in Interpublic Group by 32.0% in Q1, acquiring over 1.2 million additional shares, bringing its total ownership to 1.34% valued at approximately $135 million.
• The company reported a quarterly earnings per share (EPS) of $0.75, surpassing the consensus estimate by $0.20, despite a 6.6% decrease in revenue year-over-year.
• Interpublic Group announced a quarterly dividend of $0.33 per share with a dividend yield of 5.3%, which signals a payout ratio of 111.86%, indicative of potential financial strain on future payouts.

Deutsche Bank AG grew its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 32.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,972,412 shares of the business services provider's stock after buying an additional 1,206,542 shares during the period. Deutsche Bank AG owned approximately 1.34% of Interpublic Group of Companies worth $135,051,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Interpublic Group of Companies by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,781,455 shares of the business services provider's stock valued at $374,304,000 after buying an additional 842,925 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Interpublic Group of Companies by 139.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 13,210,446 shares of the business services provider's stock valued at $370,157,000 after buying an additional 7,693,636 shares in the last quarter. First Trust Advisors LP boosted its stake in Interpublic Group of Companies by 13.0% in the fourth quarter. First Trust Advisors LP now owns 12,975,872 shares of the business services provider's stock valued at $363,584,000 after buying an additional 1,492,019 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Interpublic Group of Companies by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,422,468 shares of the business services provider's stock valued at $207,974,000 after buying an additional 333,347 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Interpublic Group of Companies by 24.3% in the fourth quarter. Northern Trust Corp now owns 5,239,927 shares of the business services provider's stock valued at $146,823,000 after buying an additional 1,025,589 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Interpublic Group of Companies Trading Down 1.4%

Shares of Interpublic Group of Companies stock traded down $0.36 during midday trading on Thursday, reaching $25.84. The company had a trading volume of 1,415,534 shares, compared to its average volume of 6,934,069. The stock has a fifty day moving average price of $24.56 and a 200 day moving average price of $25.42. 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 has a market cap of $9.46 billion, a PE ratio of 21.90 and a beta of 1.05. Interpublic Group of Companies, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $33.05.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.20. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. The company's revenue was down 6.6% compared to the same quarter last year. On average, equities analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.32 annualized dividend and a yield of 5.1%. Interpublic Group of Companies's payout ratio is 111.86%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective 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. UBS Group reduced 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 note on Wednesday, July 23rd. 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. Finally, Wall Street Zen initiated coverage on Interpublic Group of Companies in a research note on Tuesday, May 20th. They set a "hold" rating on the stock. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $32.39.

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.