Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Stock Position Lifted by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 28.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,687 shares of the business services provider's stock after purchasing an additional 41,206 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Interpublic Group of Companies were worth $4,790,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Sentry Investment Management LLC acquired a new position in Interpublic Group of Companies during the 1st quarter valued at about $31,000. Raiffeisen Bank International AG bought a new position in shares of Interpublic Group of Companies in the fourth quarter valued at approximately $42,000. FNY Investment Advisers LLC bought a new position in shares of Interpublic Group of Companies in the first quarter valued at approximately $44,000. Grove Bank & Trust increased its stake in shares of Interpublic Group of Companies by 1,219.5% during the first 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 period. Finally, GeoWealth Management LLC raised its holdings in Interpublic Group of Companies by 20.7% during the fourth quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider's stock worth $94,000 after purchasing an additional 573 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Interpublic Group of Companies Trading Down 1.0%

Shares of NYSE IPG opened at $24.76 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 18.90 and a beta of 1.05. The business has a fifty day simple moving average of $24.35 and a 200-day simple moving average of $25.85.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Interpublic Group of Companies had a return on equity of 27.21% and a net margin of 4.69%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company earned $0.36 EPS. The business's revenue for the quarter was down 6.9% compared to the same quarter last year. Sell-side analysts predict that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.33 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.32 annualized dividend and a dividend yield of 5.33%. Interpublic Group of Companies's dividend payout ratio (DPR) is presently 100.76%.

Analysts Set New Price Targets

A number of brokerages have issued reports on IPG. Barclays lowered Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $34.00 to $27.50 in a research note on Wednesday, June 25th. Wall Street Zen began coverage on Interpublic Group of Companies in a report on Tuesday, May 20th. They set a "hold" rating on the stock. Citigroup reiterated a "buy" rating and issued a $35.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $32.06.

About Interpublic Group of Companies

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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