SG Americas Securities LLC Boosts Holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

SG Americas Securities LLC lifted its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 462.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,134 shares of the business services provider's stock after purchasing an additional 93,829 shares during the period. SG Americas Securities LLC's holdings in Interpublic Group of Companies were worth $3,100,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Allworth Financial LP increased its stake in shares of Interpublic Group of Companies by 75.8% during the 4th quarter. Allworth Financial LP now owns 1,113 shares of the business services provider's stock worth $31,000 after purchasing an additional 480 shares in the last quarter. Sentry Investment Management LLC purchased a new position in shares of Interpublic Group of Companies during the 1st quarter worth approximately $31,000. OFI Invest Asset Management purchased a new position in shares of Interpublic Group of Companies during the 4th quarter worth approximately $36,000. Raiffeisen Bank International AG purchased a new position in shares of Interpublic Group of Companies during the 4th quarter worth approximately $42,000. Finally, GeoWealth Management LLC grew its stake in Interpublic Group of Companies by 20.7% in the 4th quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider's stock worth $94,000 after acquiring an additional 573 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IPG has been the topic of several analyst reports. Wall Street Zen assumed coverage on Interpublic Group of Companies in a report on Tuesday, May 20th. They set a "hold" rating on the stock. Barclays lowered their price target on Interpublic Group of Companies from $36.00 to $34.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Citigroup reiterated a "buy" rating and set a $35.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, April 15th. Finally, Argus cut shares of Interpublic Group of Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Interpublic Group of Companies presently has an average rating of "Hold" and an average target price of $33.44.

Interpublic Group of Companies Trading Down 2.0%

Shares of IPG traded down $0.47 during mid-day trading on Tuesday, hitting $23.01. The company had a trading volume of 8,201,644 shares, compared to its average volume of 5,641,418. The business's 50-day simple moving average is $24.33 and its 200-day simple moving average is $26.45. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. Interpublic Group of Companies, Inc. has a 1-year low of $22.51 and a 1-year high of $33.05. The stock has a market cap of $8.51 billion, a PE ratio of 17.57 and a beta of 1.06.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.98 billion. Interpublic Group of Companies had a net margin of 4.69% and a return on equity of 27.21%. Interpublic Group of Companies's revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share. Sell-side 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 declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.33 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 5.74%. Interpublic Group of Companies's dividend payout ratio (DPR) is 100.76%.

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.