Oak Thistle LLC Buys New Shares in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Oak Thistle LLC bought a new position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 34,587 shares of the business services provider's stock, valued at approximately $939,000.

Other institutional investors have also recently bought and sold shares of the company. Sentry Investment Management LLC bought a new position in Interpublic Group of Companies in the 1st quarter worth $31,000. Raiffeisen Bank International AG bought a new position in shares of Interpublic Group of Companies during the 4th quarter worth about $42,000. FNY Investment Advisers LLC bought a new position in shares of Interpublic Group of Companies during the 1st quarter worth about $44,000. Grove Bank & Trust increased its holdings 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, GeoWealth Management LLC increased its holdings in shares of Interpublic Group of Companies by 20.7% during the 4th quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider's stock worth $94,000 after purchasing an additional 573 shares during the period. Institutional investors own 98.43% of the company's stock.

Interpublic Group of Companies Trading Down 1.0%

Shares of IPG traded down $0.27 on Friday, reaching $26.05. 4,322,185 shares of the company's stock were exchanged, compared to its average volume of 7,782,243. 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 current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $9.54 billion, a P/E ratio of 22.07 and a beta of 1.05. The business has a 50 day moving average price of $24.32 and a two-hundred day moving average price of $25.65.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The business's quarterly revenue was down 6.6% on a year-over-year basis. Research analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.07%. The ex-dividend date was Monday, June 2nd. Interpublic Group of Companies's dividend payout ratio is 111.86%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IPG. Barclays downgraded shares of Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $34.00 to $27.50 in a report on Wednesday, June 25th. JPMorgan Chase & Co. decreased their target price 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. Citigroup reiterated a "buy" rating and set a $35.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. 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. Finally, Wall Street Zen began coverage on shares of Interpublic Group of Companies in a research report on Tuesday, May 20th. They issued a "hold" rating on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $32.39.

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.