Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers raised its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 15.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 123,876 shares of the business services provider's stock after buying an additional 17,023 shares during the quarter. Cetera Investment Advisers' holdings in Interpublic Group of Companies were worth $3,364,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new position in shares of Interpublic Group of Companies during the first quarter worth $1,480,000. Asset Management One Co. Ltd. raised its holdings in Interpublic Group of Companies by 2.4% during the first quarter. Asset Management One Co. Ltd. now owns 153,830 shares of the business services provider's stock worth $4,178,000 after acquiring an additional 3,547 shares in the last quarter. State of Alaska Department of Revenue grew its stake in 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 purchasing an additional 1,170 shares in the last quarter. Norges Bank acquired a new position in shares of Interpublic Group of Companies during the 4th quarter worth approximately $17,884,000. Finally, NBC Securities Inc. grew its position in shares of Interpublic Group of Companies by 106,420.0% in the 1st quarter. NBC Securities Inc. now owns 5,326 shares of the business services provider's stock valued at $144,000 after acquiring an additional 5,321 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Up 0.8%

NYSE IPG traded up $0.21 during trading on Wednesday, reaching $24.95. 4,602,261 shares of the company's stock traded hands, compared to its average volume of 7,009,271. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of 21.14 and a beta of 1.05. The company's 50 day simple moving average is $24.37 and its two-hundred day simple moving average is $25.52. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. Interpublic Group of Companies, Inc. has a 12-month low of $22.51 and a 12-month high of $33.05.

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 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the previous year, the business posted $0.61 EPS. The business's quarterly revenue was down 6.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. Interpublic Group of Companies's dividend payout ratio (DPR) is presently 111.86%.

Analyst Ratings Changes

Several brokerages recently commented on IPG. Barclays downgraded shares of Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $34.00 to $27.50 in a report on Wednesday, June 25th. Wall Street Zen started coverage on Interpublic Group of Companies in a research note on Tuesday, May 20th. They set a "hold" rating for the company. 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 report on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price target on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Finally, Citigroup restated a "buy" rating and issued a $35.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently 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.