Fort Washington Investment Advisors Inc. OH Grows Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Fort Washington Investment Advisors Inc. OH lifted its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.7% in the 4th quarter, HoldingsChannel reports. The firm owned 1,030,630 shares of the business services provider’s stock after buying an additional 45,894 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Interpublic Group of Companies were worth $28,878,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. State Street Corp raised its stake in shares of 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 buying an additional 3,920,975 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Interpublic Group of Companies by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock valued at $393,064,000 after buying an additional 270,857 shares in the last quarter. Geode Capital Management LLC raised its holdings in Interpublic Group of Companies by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock valued at $298,107,000 after acquiring an additional 81,265 shares during the period. Ariel Investments LLC lifted its position in shares of Interpublic Group of Companies by 3.5% during the second quarter. Ariel Investments LLC now owns 5,710,448 shares of the business services provider’s stock worth $166,117,000 after acquiring an additional 193,898 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Interpublic Group of Companies by 10.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,402,349 shares of the business services provider’s stock worth $139,246,000 after purchasing an additional 417,741 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 0.0 %

Shares of IPG stock opened at $28.22 on Thursday. The firm has a market capitalization of $10.51 billion, a PE ratio of 13.31 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. The stock has a fifty day simple moving average of $28.77 and a two-hundred day simple moving average of $30.05. The Interpublic Group of Companies, Inc. has a 52-week low of $26.30 and a 52-week high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the firm posted $0.70 EPS. Interpublic Group of Companies’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts predict that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 4.68%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 62.26%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. 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 note on Tuesday, December 10th. StockNews.com initiated coverage on Interpublic Group of Companies in a research note on Monday. They issued a “hold” rating on the stock. 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 report on Friday, January 10th. JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. Finally, Macquarie reiterated 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.