The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 0.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 937,651 shares of the business services provider’s stock after buying an additional 346 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.25% of Interpublic Group of Companies worth $27,276,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IPG. Voisard Asset Management Group Inc. purchased a new stake in shares of Interpublic Group of Companies during the 4th quarter worth approximately $31,000. Headlands Technologies LLC acquired a new stake in Interpublic Group of Companies during the 1st quarter valued at $42,000. Salomon & Ludwin LLC increased its stake in Interpublic Group of Companies by 2,024.6% during the 1st quarter. Salomon & Ludwin LLC now owns 1,296 shares of the business services provider’s stock worth $42,000 after buying an additional 1,235 shares during the period. Assetmark Inc. lifted its holdings in Interpublic Group of Companies by 27.5% in the 4th quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock worth $56,000 after buying an additional 368 shares in the last quarter. Finally, Quarry LP lifted its holdings in Interpublic Group of Companies by 26.0% in the 4th quarter. Quarry LP now owns 2,052 shares of the business services provider’s stock worth $67,000 after buying an additional 423 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Macquarie lowered their price objective on Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. JPMorgan Chase & Co. reduced their price objective on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Morgan Stanley lowered Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $34.00 to $28.00 in a report on Monday, July 22nd. Bank of America reduced their price objective on Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, June 25th. Finally, Barclays reduced their price target on shares of Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Interpublic Group of Companies has a consensus rating of “Hold” and an average price target of $34.13.

Interpublic Group of Companies Price Performance

NYSE:IPG traded up $0.22 during midday trading on Friday, hitting $32.60. 3,583,878 shares of the stock were exchanged, compared to its average volume of 3,885,696. The business has a 50-day moving average price of $30.28 and a two-hundred day moving average price of $31.04. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 3.29 and a beta of 1.12. The Interpublic Group of Companies, Inc. has a one year low of $27.20 and a one year high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.02. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.33 billion. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Sell-side analysts predict that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio is presently 46.98%.

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.