Credit Suisse AG boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG – Get Rating) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 713,481 shares of the business services provider’s stock after purchasing an additional 20,955 shares during the period. Credit Suisse AG owned approximately 0.18% of Interpublic Group of Companies worth $23,766,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC lifted its position in Interpublic Group of Companies by 12.9% in the fourth quarter. Neuberger Berman Group LLC now owns 159,772 shares of the business services provider’s stock worth $5,322,000 after purchasing an additional 18,229 shares during the period. Geode Capital Management LLC lifted its position in shares of Interpublic Group of Companies by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 8,295,462 shares of the business services provider’s stock valued at $276,814,000 after acquiring an additional 27,214 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Interpublic Group of Companies by 25.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,238 shares of the business services provider’s stock worth $707,000 after purchasing an additional 4,350 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in Interpublic Group of Companies during the 4th quarter worth approximately $34,000. Finally, American Century Companies Inc. raised its stake in Interpublic Group of Companies by 510.9% during the 4th quarter. American Century Companies Inc. now owns 472,857 shares of the business services provider’s stock valued at $15,751,000 after purchasing an additional 395,451 shares during the period. 96.75% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on IPG. Barclays lowered their price target on Interpublic Group of Companies from $42.00 to $40.00 in a report on Friday, April 28th. Citigroup increased their price target on shares of Interpublic Group of Companies from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, February 14th. StockNews.com initiated coverage on shares of Interpublic Group of Companies in a report on Thursday, May 18th. They set a “sell” rating for the company. Moffett Nathanson lowered shares of Interpublic Group of Companies from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $36.00 to $37.00 in a research note on Friday, February 10th. Finally, Bank of America upgraded Interpublic Group of Companies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $38.00 to $40.00 in a report on Thursday, March 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.50.
Insiders Place Their Bets
Interpublic Group of Companies Price Performance
Interpublic Group of Companies stock opened at $39.61 on Thursday. The business has a 50 day simple moving average of $37.14 and a 200 day simple moving average of $35.77. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $15.29 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.62 and a beta of 1.12. The Interpublic Group of Companies, Inc. has a one year low of $25.14 and a one year high of $39.90.
Interpublic Group of Companies (NYSE:IPG – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.07. Interpublic Group of Companies had a return on equity of 29.28% and a net margin of 8.31%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the company posted $0.47 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that The Interpublic Group of Companies, Inc. will post 2.95 EPS for the current fiscal year.
Interpublic Group of Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, June 5th. This represents a $1.24 dividend on an annualized basis and a yield of 3.13%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 53.68%.
Interpublic Group of Companies Company Profile
Interpublic Group of Cos., Inc engages in the provision of marketing, communications, and business transformation services. It operates through the following segments: Media, Data, and Engagement Solutions, Integrated Advertising and Creativity Led Solutions, and Specialized Communications and Experiential Solutions.
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