City Center Advisors LLC Acquires 952 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

City Center Advisors LLC increased its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,369 shares of the business services provider’s stock after acquiring an additional 952 shares during the period. City Center Advisors LLC’s holdings in Interpublic Group of Companies were worth $627,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IPG. Commonwealth Equity Services LLC lifted its holdings in shares of Interpublic Group of Companies by 2.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 50,523 shares of the business services provider’s stock worth $1,470,000 after acquiring an additional 1,002 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Interpublic Group of Companies in the 2nd quarter worth about $257,000. Acadian Asset Management LLC lifted its stake in Interpublic Group of Companies by 190.7% in the second quarter. Acadian Asset Management LLC now owns 6,921 shares of the business services provider’s stock worth $200,000 after purchasing an additional 4,540 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Interpublic Group of Companies during the second quarter valued at approximately $39,000. Finally, Federated Hermes Inc. grew its stake in shares of Interpublic Group of Companies by 6.5% during the second quarter. Federated Hermes Inc. now owns 68,974 shares of the business services provider’s stock valued at $2,006,000 after buying an additional 4,233 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Trading Down 3.1 %

NYSE:IPG opened at $26.69 on Monday. The firm has a 50-day simple moving average of $29.06 and a 200-day simple moving average of $30.10. The Interpublic Group of Companies, Inc. has a one year low of $26.60 and a one year high of $35.17. The firm has a market cap of $9.94 billion, a P/E ratio of 12.59 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09.

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, meeting the consensus estimate of $0.70. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. 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. Shareholders of record on Monday, December 2nd were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend was Monday, December 2nd. Interpublic Group of Companies’s payout ratio is 62.26%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on IPG shares. BNP Paribas raised 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. StockNews.com began coverage on shares of Interpublic Group of Companies in a research note on Sunday. They set a “hold” rating for the company. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. Finally, Barclays reduced their target price on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $32.50.

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.