MBB Public Markets I LLC Takes Position in Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• MBB Public Markets I LLC has acquired a new position in Interpublic Group, purchasing 11,959 shares valued at approximately $325,000 in the first quarter of the year.
• Interpublic Group reported $0.75 earnings per share (EPS) for the latest quarter, surpassing expectations of $0.55, while revenue declined by 6.6% year-over-year.
• In a recent dividend announcement, Interpublic will pay $0.33 per share on September 16, representing a dividend yield of 4.9% and a payout ratio of 111.86%.

MBB Public Markets I LLC acquired a new position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,959 shares of the business services provider's stock, valued at approximately $325,000.

Several other hedge funds have also recently made changes to their positions in the business. Teacher Retirement System of Texas purchased a new position in Interpublic Group of Companies in the first quarter worth about $1,480,000. Asset Management One Co. Ltd. boosted its holdings in shares of Interpublic Group of Companies by 2.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 153,830 shares of the business services provider's stock worth $4,178,000 after purchasing an additional 3,547 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Interpublic Group of Companies by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 43,655 shares of the business services provider's stock worth $1,185,000 after purchasing an additional 1,170 shares during the period. LPL Financial LLC raised its holdings in Interpublic Group of Companies by 7.5% during the 1st quarter. LPL Financial LLC now owns 500,207 shares of the business services provider's stock valued at $13,586,000 after buying an additional 34,753 shares during the period. Finally, NBC Securities Inc. lifted its position in Interpublic Group of Companies by 106,420.0% in the first quarter. NBC Securities Inc. now owns 5,326 shares of the business services provider's stock worth $144,000 after buying an additional 5,321 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies Trading Down 1.1%

IPG stock traded down $0.31 during mid-day trading on Friday, reaching $26.40. The company had a trading volume of 3,316,785 shares, compared to its average volume of 5,028,826. The company has a market capitalization of $9.67 billion, a PE ratio of 22.37 and a beta of 1.09. The firm has a 50 day moving average of $25.73 and a 200 day moving average of $25.23. 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 debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07.

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 analysts' consensus estimates 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 analyst estimates of $2.15 billion. During the same quarter in the previous year, the business earned $0.61 earnings per share. Interpublic Group of Companies's quarterly revenue was down 6.6% on a year-over-year basis. On average, equities analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.0%. Interpublic Group of Companies's dividend payout ratio is presently 111.86%.

Analysts Set New Price Targets

A number of research firms have weighed in on IPG. UBS Group cut their price objective on shares of 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. Wall Street Zen upgraded shares of Interpublic Group of Companies to a "hold" rating in a report on Saturday, August 16th. 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 on the stock in a research report on Thursday, July 10th. Finally, Barclays lowered Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $34.00 to $27.50 in a research report on Wednesday, June 25th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.