UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Stock Position in Interpublic Group of Companies, Inc. (The) $IPG

Key Points

• UBS Asset Management increased its stake in Interpublic Group of Companies by 4.2%, now holding approximately 4.87 million shares valued at $132.19 million.
• Interpublic Group recently reported $0.75 EPS for the last quarter, exceeding analysts' expectations, while its revenue amounted to $2.17 billion.
• The company declared a quarterly dividend of $0.33 per share, reflecting an annualized yield of 5.0%, with a payout ratio of 111.86%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,867,134 shares of the business services provider's stock after buying an additional 196,906 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.32% of Interpublic Group of Companies worth $132,191,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new stake in shares of Interpublic Group of Companies during the first quarter valued at approximately $1,480,000. Asset Management One Co. Ltd. boosted its holdings in Interpublic Group of Companies by 2.4% in the first quarter. Asset Management One Co. Ltd. now owns 153,830 shares of the business services provider's stock worth $4,178,000 after purchasing an additional 3,547 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Interpublic Group of Companies by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 43,655 shares of the business services provider's stock worth $1,185,000 after purchasing an additional 1,170 shares during the last quarter. Millennium Management LLC boosted its holdings in Interpublic Group of Companies by 65.0% in the first quarter. Millennium Management LLC now owns 2,414,526 shares of the business services provider's stock worth $65,579,000 after purchasing an additional 951,406 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Interpublic Group of Companies by 49.0% in the first quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider's stock worth $231,138,000 after purchasing an additional 2,797,490 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on IPG shares. JPMorgan Chase & Co. dropped 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 report on Thursday, July 10th. Barclays cut shares of Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $34.00 to $27.50 in a research note on Wednesday, June 25th. Wall Street Zen upgraded shares of Interpublic Group of Companies to a "hold" rating in a research note on Saturday, August 16th. Finally, UBS Group dropped 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 note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $32.01.

Interpublic Group of Companies Price Performance

NYSE IPG traded down $0.11 on Thursday, reaching $26.16. The company had a trading volume of 1,354,513 shares, compared to its average volume of 6,684,501. 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 capitalization of $9.58 billion, a PE ratio of 22.18 and a beta of 1.09. The firm's 50 day moving average price is $25.80 and its 200 day moving average price is $25.21. Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.20. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. Interpublic Group of Companies's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. As a group, equities analysts predict that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Tuesday, September 2nd. Interpublic Group of Companies's payout ratio is currently 111.86%.

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.