ETF Managers Group LLC raised its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG – Get Rating) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,453 shares of the business services provider’s stock after buying an additional 1,002 shares during the period. ETF Managers Group LLC’s holdings in Interpublic Group of Companies were worth $681,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Compass Wealth Management LLC purchased a new stake in Interpublic Group of Companies during the 4th quarter valued at $25,000. Sargent Bickham Lagudis LLC purchased a new stake in Interpublic Group of Companies during the 4th quarter valued at $30,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. boosted its position in Interpublic Group of Companies by 1,550.0% during the 4th quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 990 shares of the business services provider’s stock valued at $33,000 after buying an additional 930 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in Interpublic Group of Companies during the 4th quarter valued at $34,000. Finally, Resurgent Financial Advisors LLC purchased a new stake in shares of Interpublic Group of Companies in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 96.75% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on IPG. BNP Paribas cut shares of Interpublic Group of Companies from an “outperform” rating to a “neutral” rating and set a $40.00 target price for the company. in a research report on Wednesday, March 29th. StockNews.com began coverage on shares of Interpublic Group of Companies in a research report on Thursday, May 18th. They issued a “sell” rating for the company. Bank of America raised shares of Interpublic Group of Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $38.00 to $40.00 in a research report on Thursday, March 30th. Finally, Barclays dropped their target price on shares of Interpublic Group of Companies from $42.00 to $40.00 in a research report on Friday, April 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.50.
Interpublic Group of Companies Stock Down 1.4 %
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 for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.19 billion. Interpublic Group of Companies had a net margin of 8.31% and a return on equity of 29.28%. Interpublic Group of Companies’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.47 EPS. As a group, sell-side analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.95 earnings per share for the current fiscal year.
Interpublic Group of Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th will be paid a dividend of $0.31 per share. 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 3.10%. Interpublic Group of Companies’s dividend payout ratio is currently 53.68%.
Interpublic Group of Companies 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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