Sound Income Strategies LLC Acquires 94,777 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Sound Income Strategies LLC increased its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 28.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 424,049 shares of the business services provider’s stock after purchasing an additional 94,777 shares during the quarter. Sound Income Strategies LLC owned approximately 0.11% of Interpublic Group of Companies worth $11,882,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Interpublic Group of Companies by 4.7% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,030,630 shares of the business services provider’s stock worth $28,878,000 after buying an additional 45,894 shares during the last quarter. Arkadios Wealth Advisors boosted its position in Interpublic Group of Companies by 23.5% during the fourth quarter. Arkadios Wealth Advisors now owns 129,603 shares of the business services provider’s stock valued at $3,631,000 after purchasing an additional 24,651 shares during the last quarter. Merit Financial Group LLC grew its stake in Interpublic Group of Companies by 11.6% in the fourth quarter. Merit Financial Group LLC now owns 21,612 shares of the business services provider’s stock valued at $606,000 after purchasing an additional 2,249 shares in the last quarter. Avanza Fonder AB bought a new position in Interpublic Group of Companies in the fourth quarter valued at approximately $784,000. Finally, Empirical Asset Management LLC acquired a new position in shares of Interpublic Group of Companies during the 4th quarter worth approximately $421,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 0.3 %

Shares of NYSE:IPG opened at $28.29 on Friday. The stock has a market cap of $10.54 billion, a PE ratio of 13.35 and a beta of 1.11. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The Interpublic Group of Companies, Inc. has a 12-month low of $26.30 and a 12-month high of $35.17. The business has a 50 day moving average of $28.75 and a 200-day moving average of $30.04.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 EPS. As a group, equities research 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 firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.33 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.67%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Analyst Upgrades and Downgrades

IPG has been the subject of several analyst reports. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered 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. Barclays upgraded Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $32.00 to $36.00 in a report on Friday. BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research note on Friday, January 10th. Finally, Macquarie reiterated a “neutral” rating and set a $31.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $33.00.

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.