The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Bought by RWC Asset Management LLP

RWC Asset Management LLP lifted its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 19.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,678 shares of the business services provider’s stock after acquiring an additional 1,892 shares during the quarter. RWC Asset Management LLP’s holdings in Interpublic Group of Companies were worth $327,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. State Street Corp increased its holdings in Interpublic Group of Companies by 15.1% during the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock worth $943,993,000 after purchasing an additional 3,920,975 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Interpublic Group of Companies by 240.9% during the third quarter. Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider’s stock worth $913,000 after buying an additional 20,395 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Interpublic Group of Companies by 2,679.9% in the third quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider’s stock worth $965,000 after buying an additional 29,425 shares during the last quarter. ING Groep NV bought a new stake in shares of Interpublic Group of Companies in the third quarter worth $1,589,000. Finally, Bridgewater Associates LP raised its holdings in Interpublic Group of Companies by 956.5% in the third quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider’s stock valued at $3,313,000 after acquiring an additional 94,821 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

IPG has been the subject of several recent analyst reports. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Friday, January 10th. JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $32.00 to $39.00 in a research note on Monday, January 27th. StockNews.com started coverage on Interpublic Group of Companies in a research note on Friday. They set a “hold” rating on the stock. UBS Group upgraded Interpublic Group of Companies from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $29.00 to $27.00 in a research report on Thursday, February 13th. Finally, Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Interpublic Group of Companies has a consensus rating of “Hold” and an average target price of $33.50.

Interpublic Group of Companies Stock Down 1.8 %

Shares of Interpublic Group of Companies stock opened at $27.08 on Monday. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 14.80 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a twelve month low of $26.30 and a twelve month high of $35.17. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The business’s 50 day simple moving average is $28.03 and its 200-day simple moving average is $29.72.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Wednesday, February 12th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.04). Interpublic Group of Companies had a net margin of 6.45% and a return on equity of 27.10%. Equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Monday, March 3rd. Interpublic Group of Companies’s payout ratio is 72.13%.

Interpublic Group of Companies announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 12th that permits the company to repurchase $155.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.