Ruffer LLP Invests $12.18 Million in Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• Ruffer LLP has acquired a new position in Interpublic Group of Companies, investing approximately $12.18 million to purchase 497,484 shares.
• Institutional investors collectively own 98.43% of Interpublic Group's stock, indicating strong institutional interest in the company.
• Interpublic Group reported a quarterly earnings per share of $0.75, surpassing analyst expectations of $0.55, though its revenue saw a decline of 6.6% year-over-year.

Ruffer LLP bought a new position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 497,484 shares of the business services provider's stock, valued at approximately $12,178,000. Ruffer LLP owned 0.13% of Interpublic Group of Companies as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new position in Interpublic Group of Companies during the first quarter valued at $1,480,000. Asset Management One Co. Ltd. raised its position in Interpublic Group of Companies by 2.4% during the first quarter. Asset Management One Co. Ltd. now owns 153,830 shares of the business services provider's stock valued at $4,178,000 after buying an additional 3,547 shares during the period. State of Alaska Department of Revenue raised its position in Interpublic Group of Companies by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 43,655 shares of the business services provider's stock valued at $1,185,000 after buying an additional 1,170 shares during the period. Goldman Sachs Group Inc. raised its position in Interpublic Group of Companies by 49.0% during the first quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider's stock valued at $231,138,000 after buying an additional 2,797,490 shares during the period. Finally, Millennium Management LLC raised its position in Interpublic Group of Companies by 65.0% during the first quarter. Millennium Management LLC now owns 2,414,526 shares of the business services provider's stock valued at $65,579,000 after buying an additional 951,406 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IPG. UBS Group dropped 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 report on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their price target on 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. Barclays downgraded Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $34.00 to $27.50 in a research note on Wednesday, June 25th. Finally, Wall Street Zen upgraded Interpublic Group of Companies to a "hold" rating in a research note on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $32.01.

Interpublic Group of Companies Stock Performance

IPG opened at $26.33 on Thursday. The company has a market cap of $9.64 billion, a PE ratio of 22.31 and a beta of 1.09. The stock has a 50-day moving average of $25.92 and a 200-day moving average of $25.16. 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 debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.20. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.15 billion. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%.The firm's revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. As a group, equities research analysts forecast 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 business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Tuesday, September 2nd. Interpublic Group of Companies's dividend payout ratio 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.

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