The Interpublic Group of Companies, Inc. (NYSE:IPG) Stake Increased by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 26.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 58,838 shares of the business services provider’s stock after acquiring an additional 12,368 shares during the quarter. Sanctuary Advisors LLC’s holdings in Interpublic Group of Companies were worth $1,740,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IPG. Virtu Financial LLC purchased a new position in Interpublic Group of Companies during the 3rd quarter valued at about $206,000. TD Private Client Wealth LLC boosted its holdings in shares of Interpublic Group of Companies by 38.3% during the third quarter. TD Private Client Wealth LLC now owns 16,861 shares of the business services provider’s stock worth $533,000 after purchasing an additional 4,672 shares during the period. Geode Capital Management LLC grew its position in Interpublic Group of Companies by 0.9% during the third quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock valued at $298,107,000 after purchasing an additional 81,265 shares in the last quarter. Prestige Wealth Management Group LLC increased its stake in Interpublic Group of Companies by 22.5% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 7,370 shares of the business services provider’s stock valued at $233,000 after buying an additional 1,355 shares during the period. Finally, Barclays PLC increased its stake in Interpublic Group of Companies by 0.8% in the 3rd quarter. Barclays PLC now owns 1,651,753 shares of the business services provider’s stock valued at $52,243,000 after buying an additional 13,546 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Down 1.5 %

IPG opened at $28.63 on Friday. The firm has a market cap of $10.66 billion, a P/E ratio of 13.50 and a beta of 1.10. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The business has a 50 day moving average price of $29.91 and a 200 day moving average price of $30.32. The Interpublic Group of Companies, Inc. has a twelve month low of $26.88 and a twelve month high of $35.17.

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

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend was Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is 62.26%.

Wall Street Analysts Forecast Growth

IPG has been the topic of several research analyst reports. StockNews.com began coverage on shares of Interpublic Group of Companies in a report on Thursday. They set a “hold” rating on the stock. Macquarie restated a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Bank of America dropped their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Finally, BNP Paribas downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies currently has a consensus rating of “Hold” and an average target price of $31.71.

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.