Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Shares Bought by LPL Financial LLC

LPL Financial LLC boosted its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 7.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 500,207 shares of the business services provider's stock after buying an additional 34,753 shares during the quarter. LPL Financial LLC owned approximately 0.14% of Interpublic Group of Companies worth $13,586,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Prosperity Consulting Group LLC lifted its stake in Interpublic Group of Companies by 2.3% in the 4th quarter. Prosperity Consulting Group LLC now owns 21,236 shares of the business services provider's stock valued at $595,000 after buying an additional 470 shares in the last quarter. Penserra Capital Management LLC lifted its stake in Interpublic Group of Companies by 3.8% in the 1st quarter. Penserra Capital Management LLC now owns 15,102 shares of the business services provider's stock valued at $410,000 after buying an additional 552 shares in the last quarter. Diversified Trust Co lifted its stake in Interpublic Group of Companies by 0.5% in the 1st quarter. Diversified Trust Co now owns 119,908 shares of the business services provider's stock valued at $3,257,000 after buying an additional 572 shares in the last quarter. GeoWealth Management LLC lifted its stake in Interpublic Group of Companies by 20.7% in the 4th quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider's stock valued at $94,000 after buying an additional 573 shares in the last quarter. Finally, Palouse Capital Management Inc. lifted its stake in Interpublic Group of Companies by 1.1% in the 1st quarter. Palouse Capital Management Inc. now owns 54,763 shares of the business services provider's stock valued at $1,487,000 after buying an additional 574 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IPG. Wall Street Zen assumed coverage on Interpublic Group of Companies in a research note on Tuesday, May 20th. They issued a "hold" rating on the stock. UBS Group reduced their price target on Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating on the stock in a research note 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 research note on Thursday, July 10th. Citigroup reissued a "buy" rating and set a $35.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, April 15th. Finally, Barclays lowered Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $34.00 to $27.50 in a research note on Wednesday, June 25th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Interpublic Group of Companies presently has a consensus rating of "Hold" and an average price target of $32.39.

Interpublic Group of Companies Trading Up 0.3%

Shares of IPG traded up $0.08 during trading hours on Friday, hitting $24.91. The stock had a trading volume of 5,884,740 shares, compared to its average volume of 6,852,436. 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 cap of $9.12 billion, a P/E ratio of 21.11 and a beta of 1.05. The company's fifty day simple moving average is $24.41 and its 200 day simple moving average is $25.47. 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 results 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 firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the firm earned $0.61 EPS. The firm's quarterly revenue was down 6.6% compared to the same quarter last year. Equities research analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.3%. The ex-dividend date is Tuesday, September 2nd. Interpublic Group of Companies's dividend payout ratio is currently 111.86%.

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.