MBB Public Markets I LLC Acquires New Stake 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 bought a new stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,959 shares of the business services provider's stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Sentry Investment Management LLC acquired a new stake in Interpublic Group of Companies in the first quarter valued at about $31,000. Raiffeisen Bank International AG purchased a new position in shares of Interpublic Group of Companies during the 4th quarter worth approximately $42,000. FNY Investment Advisers LLC acquired a new stake in shares of Interpublic Group of Companies in the 1st quarter valued at approximately $44,000. Grove Bank & Trust boosted its stake in shares of 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 buying an additional 2,000 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in Interpublic Group of Companies by 20.0% during the first quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider's stock worth $64,000 after acquiring an additional 391 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG traded down $0.31 during midday trading on Friday, hitting $26.40. 3,316,785 shares of the stock were exchanged, compared to its average volume of 4,930,457. 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 current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average price of $25.73 and a 200-day moving average price of $25.20. The stock has a market cap of $9.67 billion, a P/E ratio of 22.37 and a beta of 1.09.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.20. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the prior year, the company earned $0.61 EPS. The firm's revenue was down 6.6% on a year-over-year basis. On average, research analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The firm 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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. Interpublic Group of Companies's dividend payout ratio (DPR) is 111.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IPG shares. JPMorgan Chase & Co. reduced their target price on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Barclays downgraded shares of Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $34.00 to $27.50 in a report on Wednesday, June 25th. Wall Street Zen raised shares of Interpublic Group of Companies to a "hold" rating in a report on Saturday, August 16th. Finally, UBS Group lowered 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 research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies currently has a consensus rating of "Hold" and an average price target of $32.01.

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.