Fifth Third Wealth Advisors LLC Makes New Investment in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Fifth Third Wealth Advisors LLC purchased a new position in The Interpublic Group of Companies, Inc. (NYSE:IPG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,475 shares of the business services provider’s stock, valued at approximately $211,000.

Several other institutional investors have also added to or reduced their stakes in the business. 180 Wealth Advisors LLC acquired a new stake in Interpublic Group of Companies in the first quarter worth about $211,000. Signet Financial Management LLC raised its stake in shares of Interpublic Group of Companies by 2.0% in the first quarter. Signet Financial Management LLC now owns 20,550 shares of the business services provider’s stock worth $671,000 after purchasing an additional 395 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Interpublic Group of Companies by 495,500.0% in the first quarter. Sound Income Strategies LLC now owns 227,976 shares of the business services provider’s stock worth $7,439,000 after purchasing an additional 227,930 shares during the last quarter. Security National Bank raised its stake in shares of Interpublic Group of Companies by 3.5% in the first quarter. Security National Bank now owns 155,639 shares of the business services provider’s stock worth $5,079,000 after purchasing an additional 5,195 shares during the last quarter. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Interpublic Group of Companies in the first quarter worth about $752,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of IPG stock traded down $0.03 during trading hours on Friday, hitting $29.09. 7,071,686 shares of the company’s stock were exchanged, compared to its average volume of 3,896,887. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75. The firm has a market cap of $10.98 billion, a P/E ratio of 10.36, a P/E/G ratio of 3.10 and a beta of 1.13. The firm has a 50 day moving average of $30.73 and a two-hundred day moving average of $31.72. The Interpublic Group of Companies, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $40.90.

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

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend was Tuesday, June 4th. Interpublic Group of Companies’s payout ratio is 46.98%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on IPG shares. Bank of America reduced their price objective 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. 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 report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $35.00.

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.