Interpublic Group of Companies, Inc. (The) $IPG Stock Holdings Lifted by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC increased its stake in Interpublic Group by 14.7% in Q1, holding 883,477 shares valued at approximately $24 million.
• Interpublic Group reported $0.75 earnings per share for the last quarter, exceeding analyst expectations of $0.55, despite a 6.6% revenue decline year-over-year.
• The company announced a quarterly dividend of $0.33 per share with a yield of 5.1%, scheduled for payment on September 16th.

Brandywine Global Investment Management LLC grew its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 14.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 883,477 shares of the business services provider's stock after purchasing an additional 113,155 shares during the quarter. Brandywine Global Investment Management LLC owned 0.24% of Interpublic Group of Companies worth $23,995,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Interpublic Group of Companies by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,781,455 shares of the business services provider's stock worth $374,304,000 after acquiring an additional 842,925 shares during the last quarter. First Trust Advisors LP increased its position in shares of Interpublic Group of Companies by 13.0% during the fourth quarter. First Trust Advisors LP now owns 12,975,872 shares of the business services provider's stock worth $363,584,000 after acquiring an additional 1,492,019 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Interpublic Group of Companies by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,422,468 shares of the business services provider's stock worth $207,974,000 after acquiring an additional 333,347 shares during the last quarter. Northern Trust Corp increased its position in shares of Interpublic Group of Companies by 24.3% during the fourth quarter. Northern Trust Corp now owns 5,239,927 shares of the business services provider's stock worth $146,823,000 after acquiring an additional 1,025,589 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Interpublic Group of Companies by 32.0% during the first quarter. Deutsche Bank AG now owns 4,972,412 shares of the business services provider's stock worth $135,051,000 after acquiring an additional 1,206,542 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on IPG shares. Wall Street Zen raised Interpublic Group of Companies to a "hold" rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. lowered their price objective on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Barclays lowered Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $34.00 to $27.50 in a report on Wednesday, June 25th. Finally, UBS Group lowered their price objective on Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Interpublic Group of Companies presently has a consensus rating of "Hold" and a consensus price target of $32.39.

Interpublic Group of Companies Stock Performance

IPG stock traded up $0.0050 during midday trading on Thursday, reaching $26.6150. The company had a trading volume of 814,614 shares, compared to its average volume of 6,870,307. 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 stock has a 50 day moving average price of $24.86 and a 200 day moving average price of $25.32. Interpublic Group of Companies, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $33.05. The firm has a market capitalization of $9.75 billion, a PE ratio of 22.52 and a beta of 1.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its quarterly earnings data 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 during 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 business's revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. Analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Tuesday, September 2nd. Interpublic Group of Companies's dividend payout ratio is 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.