Elevated Capital Advisors LLC Increases Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Elevated Capital Advisors LLC boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 19.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,579 shares of the business services provider’s stock after buying an additional 4,624 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Interpublic Group of Companies were worth $801,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp boosted its position in Interpublic Group of Companies by 15.1% during the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after purchasing an additional 3,920,975 shares during the period. Millennium Management LLC raised its holdings in shares of Interpublic Group of Companies by 571.7% during the second quarter. Millennium Management LLC now owns 1,466,376 shares of the business services provider’s stock valued at $42,657,000 after buying an additional 1,248,062 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Interpublic Group of Companies by 19.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider’s stock worth $158,157,000 after buying an additional 899,332 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Interpublic Group of Companies by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock valued at $199,063,000 after purchasing an additional 828,150 shares during the period. Finally, Squarepoint Ops LLC increased its stake in Interpublic Group of Companies by 168.3% during the 2nd quarter. Squarepoint Ops LLC now owns 831,434 shares of the business services provider’s stock valued at $24,186,000 after buying an additional 521,546 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IPG shares. Macquarie restated a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Friday. StockNews.com initiated coverage on shares of Interpublic Group of Companies in a report on Sunday. They issued a “hold” rating for the company. JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Finally, Barclays cut their target price on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.50.

Interpublic Group of Companies Stock Up 0.8 %

NYSE:IPG traded up $0.22 on Monday, hitting $26.86. 6,905,992 shares of the company’s stock traded hands, compared to its average volume of 4,745,428. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The company has a market cap of $10.01 billion, a PE ratio of 12.67 and a beta of 1.11. The firm has a 50-day moving average price of $29.06 and a 200-day moving average price of $30.10. The Interpublic Group of Companies, Inc. has a 1 year low of $26.30 and a 1 year high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the company posted $0.70 EPS. Interpublic Group of Companies’s revenue was down 2.9% on a year-over-year basis. Equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend was Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

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.