The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 580.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,832 shares of the business services provider’s stock after acquiring an additional 28,004 shares during the period. UniSuper Management Pty Ltd’s holdings in Interpublic Group of Companies were worth $1,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Marino Stram & Associates LLC raised its position in shares of Interpublic Group of Companies by 1.2% during the 4th quarter. Marino Stram & Associates LLC now owns 26,654 shares of the business services provider’s stock valued at $870,000 after acquiring an additional 315 shares in the last quarter. UMB Bank n.a. grew its stake in Interpublic Group of Companies by 3.5% during the 1st quarter. UMB Bank n.a. now owns 9,607 shares of the business services provider’s stock worth $313,000 after buying an additional 321 shares during the last quarter. Bleakley Financial Group LLC grew its stake in Interpublic Group of Companies by 4.6% during the 4th quarter. Bleakley Financial Group LLC now owns 7,364 shares of the business services provider’s stock worth $240,000 after buying an additional 327 shares during the last quarter. Simplicity Solutions LLC grew its stake in Interpublic Group of Companies by 4.6% during the 4th quarter. Simplicity Solutions LLC now owns 7,364 shares of the business services provider’s stock worth $240,000 after buying an additional 327 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC grew its stake in Interpublic Group of Companies by 3.3% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 10,923 shares of the business services provider’s stock worth $356,000 after buying an additional 347 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on IPG shares. Morgan Stanley downgraded Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $34.00 to $28.00 in a research note on Monday. Wells Fargo & Company decreased their price target on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Bank of America decreased their price target on Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, June 25th. Finally, JPMorgan Chase & Co. decreased their price target on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.25.

Interpublic Group of Companies Price Performance

Shares of Interpublic Group of Companies stock traded down $0.36 during trading on Wednesday, hitting $29.57. The stock had a trading volume of 7,070,372 shares, compared to its average volume of 3,948,722. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $11.16 billion, a P/E ratio of 10.52, a PEG ratio of 3.15 and a beta of 1.12. The business has a fifty day moving average of $30.06 and a two-hundred day moving average of $31.28. The Interpublic Group of Companies, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $35.24.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Wednesday, April 24th. The business services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business posted $0.38 earnings per share. Interpublic Group of Companies’s revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts expect that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend was Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio is currently 46.98%.

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.