The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 126.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,933 shares of the business services provider’s stock after purchasing an additional 3,314 shares during the period. Larson Financial Group LLC’s holdings in Interpublic Group of Companies were worth $194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in shares of Interpublic Group of Companies by 12.1% during the 1st quarter. Bank of New York Mellon Corp now owns 14,096,675 shares of the business services provider’s stock valued at $459,975,000 after acquiring an additional 1,516,975 shares during the period. First Trust Advisors LP increased its stake in shares of Interpublic Group of Companies by 12.7% during the 4th quarter. First Trust Advisors LP now owns 6,922,608 shares of the business services provider’s stock worth $225,954,000 after purchasing an additional 777,456 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Interpublic Group of Companies by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,150,371 shares of the business services provider’s stock worth $168,119,000 after purchasing an additional 141,828 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Interpublic Group of Companies by 24.6% during the 3rd quarter. American Century Companies Inc. now owns 4,635,459 shares of the business services provider’s stock worth $132,852,000 after purchasing an additional 916,574 shares in the last quarter. Finally, Fiduciary Management Inc. WI increased its stake in shares of Interpublic Group of Companies by 4.2% during the 4th quarter. Fiduciary Management Inc. WI now owns 3,797,972 shares of the business services provider’s stock worth $123,966,000 after purchasing an additional 153,857 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IPG shares. Wells Fargo & Company dropped their price objective on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Bank of America dropped their price objective on shares of Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, June 25th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Interpublic Group of Companies presently has an average rating of “Hold” and a consensus target price of $35.00.

Interpublic Group of Companies Trading Down 0.1 %

IPG stock traded down $0.03 during midday trading on Wednesday, hitting $28.48. The stock had a trading volume of 3,515,123 shares, compared to its average volume of 3,918,159. The Interpublic Group of Companies, Inc. has a 12-month low of $27.20 and a 12-month high of $40.90. The company’s 50-day moving average price is $30.33 and its 200 day moving average price is $31.49. The firm has a market cap of $10.75 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 3.02 and a beta of 1.12. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.06 and a quick ratio of 1.06.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the company earned $0.38 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts predict that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, June 4th. This represents a $1.32 annualized dividend and a dividend yield of 4.63%. Interpublic Group of Companies’s dividend payout ratio is presently 46.98%.

Interpublic Group of Companies Company 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.