Interpublic Group of Companies, Inc. (The) $IPG Position Increased by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. significantly increased its stake in Interpublic Group of Companies by 1,217.9% in Q1, purchasing an additional 149,482 shares, bringing their total holdings to 161,756 shares valued at approximately $4.39 million.
• Several analysts recently downgraded their ratings and target prices for Interpublic, with UBS lowering its target from $27.00 to $25.60 while Barclays cut it from $34.00 to $27.50.
• Interpublic Group announced a quarterly dividend of $0.33 per share, yielding 4.9%, indicating a payout ratio of 111.86% as of the latest report.

Nomura Holdings Inc. raised its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 1,217.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 161,756 shares of the business services provider's stock after purchasing an additional 149,482 shares during the quarter. Nomura Holdings Inc.'s holdings in Interpublic Group of Companies were worth $4,393,000 at the end of the most recent reporting period.

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 position in Interpublic Group of Companies during the first quarter worth $31,000. Raiffeisen Bank International AG acquired a new position in Interpublic Group of Companies in the 4th quarter valued at about $42,000. FNY Investment Advisers LLC purchased a new position in shares of Interpublic Group of Companies during the first quarter valued at approximately $44,000. Grove Bank & Trust lifted its stake in shares of Interpublic Group of Companies by 1,219.5% during the 1st quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider's stock worth $59,000 after purchasing an additional 2,000 shares during the period. Finally, Brooklyn Investment Group lifted its position 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 buying 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 Stock Performance

Shares of NYSE IPG traded up $0.31 during midday trading on Friday, reaching $27.15. 4,337,362 shares of the company traded hands, compared to its average volume of 5,282,587. Interpublic Group of Companies, Inc. has a 52 week low of $22.51 and a 52 week high of $33.05. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 23.01 and a beta of 1.09. The stock has a 50-day moving average price of $25.60 and a 200 day moving average price of $25.23. 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 posted 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. The business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.15 billion. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The business's revenue was down 6.6% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. Sell-side analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $0.33 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.32 annualized dividend and a yield of 4.9%. Interpublic Group of Companies's payout ratio is 111.86%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IPG. Wall Street Zen raised shares of Interpublic Group of Companies to a "hold" rating in a research note on Saturday, August 16th. Barclays downgraded 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 cut 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. Finally, JPMorgan Chase & Co. cut their price target 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. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average 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.