Jane Street Group LLC Increases Stock Position in Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• Jane Street Group LLC significantly increased its stake in Interpublic Group of Companies by 1,475.5% during the 1st quarter, now owning over 1.3 million shares valued at approximately $36 million.
• Analysts have mixed opinions on the stock, with Barclays and UBS lowering their price targets significantly, while three analysts rate it as a Buy and five as a Hold.
• The company has announced a quarterly dividend of $0.33 per share, yielding 4.9%, and the dividend payout ratio stands at 111.86%.

Jane Street Group LLC grew its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 1,475.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,328,121 shares of the business services provider's stock after buying an additional 1,243,823 shares during the quarter. Jane Street Group LLC owned 0.36% of Interpublic Group of Companies worth $36,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in IPG. Cetera Investment Advisers raised its position in shares of Interpublic Group of Companies by 52.5% during the 4th quarter. Cetera Investment Advisers now owns 106,853 shares of the business services provider's stock valued at $2,994,000 after buying an additional 36,803 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Interpublic Group of Companies during the 4th quarter valued at $422,000. Focus Partners Wealth purchased a new stake in shares of Interpublic Group of Companies during the 4th quarter valued at $570,000. Janus Henderson Group PLC raised its position in shares of Interpublic Group of Companies by 1.7% during the 4th quarter. Janus Henderson Group PLC now owns 50,079 shares of the business services provider's stock valued at $1,403,000 after buying an additional 854 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Interpublic Group of Companies by 797.5% during the 4th quarter. Millennium Management LLC now owns 1,463,120 shares of the business services provider's stock valued at $40,997,000 after buying an additional 1,300,105 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barclays cut shares of 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 research report on Wednesday, June 25th. UBS Group reduced their target price on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their target price on shares of 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, Wall Street Zen raised shares of Interpublic Group of Companies to a "hold" rating in a report on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Interpublic Group of Companies currently has an average rating of "Hold" and a consensus price target of $32.01.

Interpublic Group of Companies Price Performance

Shares of Interpublic Group of Companies stock opened at $26.69 on Friday. The firm has a market cap of $9.78 billion, a PE ratio of 22.62 and a beta of 1.09. 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 quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78. The company's fifty day simple moving average is $25.71 and its two-hundred day simple moving average is $25.24.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.20. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.15 billion. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The company's revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. As a group, equities analysts expect 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 will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Interpublic Group of Companies's dividend payout ratio (DPR) 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.

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