Northwest & Ethical Investments L.P. Acquires 14,468 Shares of Interpublic Group of Companies, Inc. (The) $IPG

Key Points

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Northwest & Ethical Investments L.P. raised its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 42.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,931 shares of the business services provider's stock after buying an additional 14,468 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Interpublic Group of Companies were worth $1,329,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Sentry Investment Management LLC bought a new position in Interpublic Group of Companies during the 1st 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 boosted its position 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 buying an additional 2,000 shares in the last quarter. Finally, GeoWealth Management LLC boosted its position in Interpublic Group of Companies by 20.7% in the fourth 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. Institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on IPG. Wall Street Zen upgraded shares of Interpublic Group of Companies to a "hold" rating in a research report on Saturday, August 16th. Barclays lowered shares of Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $34.00 to $27.50 in a research report on Wednesday, June 25th. JPMorgan Chase & Co. reduced 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 research report on Thursday, July 10th. Finally, UBS Group reduced their price target 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. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $32.39.

Interpublic Group of Companies Price Performance

NYSE:IPG traded up $0.6960 during mid-day trading on Friday, reaching $27.2260. 9,881,041 shares of the company were exchanged, compared to its average volume of 5,458,931. 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 fifty day moving average of $25.00 and a 200 day moving average of $25.26. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78. The stock has a market cap of $9.97 billion, a PE ratio of 23.07 and a beta of 1.05.

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, topping 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 analyst estimates of $2.15 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The company's revenue was down 6.6% on a year-over-year basis. On average, research analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently announced 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. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Interpublic Group of Companies's dividend payout ratio (DPR) is 111.86%.

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.