Jump Financial LLC Has $275,000 Position in Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• Jump Financial LLC significantly reduced its holdings in Interpublic Group of Companies by 58.0%, owning 10,126 shares after selling 13,967 shares.
• Interpublic Group reported a net margin of 4.27% and earnings per share of $0.75, surpassing analysts' expectations of $0.55.
• The company declared a quarterly dividend of $0.33, resulting in a 5.0% yield, while its dividend payout ratio stands at 111.86%.

Jump Financial LLC lessened its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 58.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,126 shares of the business services provider's stock after selling 13,967 shares during the quarter. Jump Financial LLC's holdings in Interpublic Group of Companies were worth $275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of IPG. Sentry Investment Management LLC acquired a new position in Interpublic Group of Companies in the first quarter valued at about $31,000. Raiffeisen Bank International AG acquired a new position in Interpublic Group of Companies in the fourth quarter valued at about $42,000. FNY Investment Advisers LLC acquired a new position in Interpublic Group of Companies in the first quarter valued at about $44,000. Grove Bank & Trust raised its stake in Interpublic Group of Companies by 1,219.5% in the first quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider's stock valued at $59,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Brooklyn Investment Group raised its stake in Interpublic Group of Companies by 20.0% in the first quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider's stock valued at $64,000 after purchasing an additional 391 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Interpublic Group of Companies Trading Down 0.8%

Shares of Interpublic Group of Companies stock traded down $0.21 on Tuesday, hitting $26.81. The stock had a trading volume of 1,164,121 shares, compared to its average volume of 6,768,525. The stock has a 50 day moving average of $25.65 and a 200 day moving average of $25.23. Interpublic Group of Companies, Inc. has a twelve month low of $22.51 and a twelve month high of $33.05. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $9.82 billion, a P/E ratio of 22.76 and a beta of 1.09.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The firm's revenue was down 6.6% compared to the same quarter last year. Sell-side analysts expect that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders 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 dividend yield of 4.9%. Interpublic Group of Companies's dividend payout ratio is currently 111.86%.

Wall Street Analyst Weigh In

IPG has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. UBS Group dropped their price target on Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Barclays downgraded Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $34.00 to $27.50 in a research note on Wednesday, June 25th. Finally, Wall Street Zen raised Interpublic Group of Companies to a "hold" rating in a research note on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $32.01.

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.