The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating) by 25.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,516 shares of the business services provider’s stock after acquiring an additional 13,367 shares during the period. IFM Investors Pty Ltd’s holdings in Interpublic Group of Companies were worth $2,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC grew its stake in Interpublic Group of Companies by 14.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 27,771 shares of the business services provider’s stock worth $1,040,000 after buying an additional 3,446 shares during the last quarter. Yousif Capital Management LLC purchased a new position in Interpublic Group of Companies during the 4th quarter worth approximately $2,344,000. CWM LLC purchased a new position in Interpublic Group of Companies during the 4th quarter worth approximately $309,000. Xponance Inc. grew its stake in Interpublic Group of Companies by 26.7% during the 4th quarter. Xponance Inc. now owns 39,624 shares of the business services provider’s stock worth $1,484,000 after buying an additional 8,358 shares during the last quarter. Finally, Raymond James Trust N.A. grew its stake in Interpublic Group of Companies by 7.6% during the 4th quarter. Raymond James Trust N.A. now owns 17,216 shares of the business services provider’s stock worth $645,000 after buying an additional 1,221 shares during the last quarter. Institutional investors and hedge funds own 99.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley dropped their price target on Interpublic Group of Companies from $40.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, June 10th. JPMorgan Chase & Co. dropped their price target on Interpublic Group of Companies from $45.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. Macquarie downgraded Interpublic Group of Companies from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 23rd. Wells Fargo & Company lifted their target price on Interpublic Group of Companies to $36.00 in a research note on Friday, July 22nd. Finally, Moffett Nathanson lowered their target price on Interpublic Group of Companies to $39.00 in a research note on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.56.

Insider Activity at Interpublic Group of Companies

In related news, Director Dawn E. Hudson sold 18,376 shares of Interpublic Group of Companies stock in a transaction on Monday, May 9th. The stock was sold at an average price of $32.45, for a total transaction of $596,301.20. Following the completion of the transaction, the director now directly owns 32,880 shares of the company’s stock, valued at $1,066,956. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.33% of the company’s stock.

Interpublic Group of Companies Stock Down 1.9 %

Interpublic Group of Companies stock opened at $29.02 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.04 and a quick ratio of 1.04. The Interpublic Group of Companies, Inc. has a 1-year low of $26.36 and a 1-year high of $39.98. The company has a market cap of $11.35 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 9.64 and a beta of 1.03. The stock’s 50 day moving average price is $28.88 and its 200 day moving average price is $32.65.

Interpublic Group of Companies (NYSE:IPGGet Rating) last posted its quarterly earnings results on Thursday, July 21st. The business services provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. Interpublic Group of Companies had a return on equity of 29.37% and a net margin of 9.16%. The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the business earned $0.70 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts predict that The Interpublic Group of Companies, Inc. will post 2.71 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.29 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.00%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.77%.

Interpublic Group of Companies Profile

(Get Rating)

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data science services.

Featured Articles

Want to see what other hedge funds are holding IPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating).

Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.