SageView Advisory Group LLC Grows Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

SageView Advisory Group LLC increased its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 27.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,839 shares of the business services provider’s stock after buying an additional 4,464 shares during the period. SageView Advisory Group LLC’s holdings in Interpublic Group of Companies were worth $680,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of Interpublic Group of Companies by 12.1% in the 1st quarter. Bank of New York Mellon Corp now owns 14,096,675 shares of the business services provider’s stock worth $459,975,000 after purchasing an additional 1,516,975 shares during the last quarter. First Trust Advisors LP raised its stake in Interpublic Group of Companies by 12.7% during the fourth quarter. First Trust Advisors LP now owns 6,922,608 shares of the business services provider’s stock valued at $225,954,000 after buying an additional 777,456 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Interpublic Group of Companies by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,150,371 shares of the business services provider’s stock valued at $168,119,000 after buying an additional 141,828 shares in the last quarter. Fiduciary Management Inc. WI lifted its holdings in Interpublic Group of Companies by 4.2% during the 4th quarter. Fiduciary Management Inc. WI now owns 3,797,972 shares of the business services provider’s stock worth $123,966,000 after buying an additional 153,857 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Interpublic Group of Companies by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 2,078,137 shares of the business services provider’s stock worth $67,810,000 after acquiring an additional 13,438 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Performance

IPG traded down $0.14 during trading on Thursday, reaching $30.06. 2,847,153 shares of the company were exchanged, compared to its average volume of 3,912,615. The stock has a market cap of $11.35 billion, a P/E ratio of 10.93, a PEG ratio of 3.26 and a beta of 1.12. The firm has a 50 day moving average of $30.18 and a 200 day moving average of $31.36. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The Interpublic Group of Companies, Inc. has a 52 week low of $27.20 and a 52 week high of $39.51.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm 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 firm’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. On average, sell-side analysts forecast that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.32 dividend on an annualized basis and a yield of 4.39%. Interpublic Group of Companies’s payout ratio is currently 46.98%.

Wall Street Analyst Weigh In

IPG has been the subject of a number of research analyst reports. Bank of America lowered their price target on Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, June 25th. JPMorgan Chase & Co. lowered their price target on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Finally, Wells Fargo & Company lowered 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 issued a buy rating to the company’s stock. According to MarketBeat.com, Interpublic Group of Companies has a consensus rating of “Hold” and a consensus target price of $34.88.

About Interpublic Group of Companies

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.