Tounjian Advisory Partners LLC Purchases New Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Tounjian Advisory Partners LLC bought a new position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 34,406 shares of the business services provider's stock, valued at approximately $934,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in shares of Interpublic Group of Companies by 75.8% in the 4th quarter. Allworth Financial LP now owns 1,113 shares of the business services provider's stock valued at $31,000 after purchasing an additional 480 shares during the period. Sentry Investment Management LLC acquired a new position in shares of Interpublic Group of Companies in the 1st quarter valued at about $31,000. OFI Invest Asset Management acquired a new position in shares of Interpublic Group of Companies in the 4th quarter valued at about $36,000. Raiffeisen Bank International AG acquired a new position in shares of Interpublic Group of Companies in the 4th quarter valued at about $42,000. Finally, GeoWealth Management LLC lifted its stake in shares of 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 valued at $94,000 after purchasing an additional 573 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Down 2.8%

IPG traded down $0.67 during midday trading on Friday, reaching $22.97. 6,603,082 shares of the company were exchanged, compared to its average volume of 5,615,689. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The company's fifty day moving average price is $24.35 and its 200 day moving average price is $26.64. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 12.55 and a beta of 1.06. The Interpublic Group of Companies, Inc. has a one year low of $22.51 and a one year high of $33.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.98 billion. Interpublic Group of Companies had a return on equity of 27.10% and a net margin of 6.45%. The company's revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. As a group, analysts expect that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date is Monday, June 2nd. Interpublic Group of Companies's dividend payout ratio is currently 100.76%.

Analyst Upgrades and Downgrades

IPG has been the topic of a number of recent analyst reports. Argus downgraded Interpublic Group of Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Citigroup reissued a "buy" rating and issued a $35.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, April 15th. Barclays dropped their price target on Interpublic Group of Companies from $36.00 to $34.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. UBS Group raised Interpublic Group of Companies from a "sell" rating to a "neutral" rating and dropped their price target for the stock from $29.00 to $27.00 in a research note on Thursday, February 13th. Finally, Wall Street Zen initiated coverage on Interpublic Group of Companies in a research note on Tuesday, May 20th. They set a "hold" rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $33.44.

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.