Fifth Third Wealth Advisors LLC Has $441,000 Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Fifth Third Wealth Advisors LLC raised its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 127.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,723 shares of the business services provider’s stock after purchasing an additional 8,819 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Interpublic Group of Companies were worth $441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IPG. State Street Corp grew its stake in Interpublic Group of Companies by 15.1% in the third 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Interpublic Group of Companies by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock worth $393,064,000 after buying an additional 270,857 shares during the last quarter. Geode Capital Management LLC increased its holdings in Interpublic Group of Companies by 0.9% in the third quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock worth $298,107,000 after buying an additional 81,265 shares during the last quarter. Dimensional Fund Advisors LP raised its position in 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 acquiring an additional 828,150 shares in the last quarter. Finally, Ariel Investments LLC lifted its stake in Interpublic Group of Companies by 3.5% in the second quarter. Ariel Investments LLC now owns 5,710,448 shares of the business services provider’s stock valued at $166,117,000 after acquiring an additional 193,898 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies Stock Performance

IPG opened at $27.92 on Friday. The Interpublic Group of Companies, Inc. has a 12-month low of $26.30 and a 12-month high of $35.17. The firm has a market capitalization of $10.40 billion, a P/E ratio of 13.17 and a beta of 1.11. The stock’s 50 day moving average price is $28.87 and its two-hundred day moving average price is $30.04. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Interpublic Group of Companies’s revenue was down 2.9% compared to the same quarter last year. On average, equities analysts forecast that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend was Monday, December 2nd. Interpublic Group of Companies’s payout ratio is presently 62.26%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on IPG shares. Macquarie restated a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and cut their target price for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, January 10th. Barclays cut their price objective on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Finally, StockNews.com began coverage on Interpublic Group of Companies in a research report on Sunday, January 12th. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $32.50.

About Interpublic Group of Companies

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.