UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $132.19 Million Stock Holdings 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 lifted its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Free Report) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,867,134 shares of the business services provider's stock after acquiring an additional 196,906 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.32% of Interpublic Group of Companies worth $132,191,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Woodline Partners LP raised its holdings in Interpublic Group of Companies by 3,058.8% during the 1st quarter. Woodline Partners LP now owns 706,873 shares of the business services provider's stock worth $19,199,000 after buying an additional 684,495 shares during the period. MBB Public Markets I LLC acquired a new stake in Interpublic Group of Companies during the 1st quarter worth approximately $325,000. United Services Automobile Association acquired a new stake in Interpublic Group of Companies during the 1st quarter worth approximately $210,000. Caxton Associates LLP bought a new position in shares of Interpublic Group of Companies during the 1st quarter worth approximately $2,608,000. Finally, Ashton Thomas Private Wealth LLC grew its stake in shares of Interpublic Group of Companies by 8.7% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 13,120 shares of the business services provider's stock worth $356,000 after acquiring an additional 1,055 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Trading Down 1.1%

IPG stock opened at $26.40 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. The company has a fifty day moving average price of $25.73 and a two-hundred day moving average price of $25.23. Interpublic Group of Companies, Inc. has a one year low of $22.51 and a one year high of $33.05. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 22.37 and a beta of 1.09.

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

Interpublic Group of Companies Dividend Announcement

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

Wall Street Analyst Weigh In

IPG has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Barclays cut shares of Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $34.00 to $27.50 in a research note on Wednesday, June 25th. UBS Group decreased their price target on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of Interpublic Group of Companies to a "hold" rating in a research note on Saturday, August 16th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $32.01.

Interpublic Group of Companies 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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