Intrua Financial LLC Buys 3,672 Shares of Interpublic Group of Companies, Inc. (The) $IPG

Intrua Financial LLC lifted its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 18.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,511 shares of the business services provider’s stock after purchasing an additional 3,672 shares during the quarter. Intrua Financial LLC’s holdings in Interpublic Group of Companies were worth $639,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sentry Investment Management LLC bought a new position in Interpublic Group of Companies in the 1st quarter valued at about $31,000. Raiffeisen Bank International AG bought a new stake in Interpublic Group of Companies during the fourth quarter worth $42,000. FNY Investment Advisers LLC bought a new stake in Interpublic Group of Companies during the first quarter worth $44,000. Grove Bank & Trust grew its holdings in Interpublic Group of Companies by 1,219.5% during the first quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider’s stock worth $59,000 after buying an additional 2,000 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in Interpublic Group of Companies by 20.0% during the first quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock worth $64,000 after buying an additional 391 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 2.8%

Shares of IPG stock opened at $26.69 on Friday. The company has a 50 day moving average of $25.71 and a 200-day moving average of $25.24. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78. Interpublic Group of Companies, Inc. has a 12-month low of $22.51 and a 12-month high of $33.05. The firm has a market cap of $9.78 billion, a P/E ratio of 22.62 and a beta of 1.09.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.20. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the business posted $0.61 EPS. Interpublic Group of Companies’s quarterly revenue was down 6.6% compared to the same quarter last year. Sell-side analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.9%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 111.86%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IPG. JPMorgan Chase & Co. decreased their price target on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Wall Street Zen upgraded shares of Interpublic Group of Companies to a “hold” rating in a research note on Saturday, August 16th. UBS Group decreased their price objective on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Finally, Barclays lowered shares of Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $34.00 to $27.50 in a research note on Wednesday, June 25th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Interpublic Group of Companies has a consensus rating of “Hold” and an average price target of $32.01.

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.