99,850 Shares in Interpublic Group of Companies, Inc. (The) $IPG Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI bought a new position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 99,850 shares of the business services provider’s stock, valued at approximately $2,445,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IPG. Assenagon Asset Management S.A. raised its position in Interpublic Group of Companies by 14,575.4% during the second quarter. Assenagon Asset Management S.A. now owns 3,119,249 shares of the business services provider’s stock worth $76,359,000 after acquiring an additional 3,097,994 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Interpublic Group of Companies by 49.0% during the first quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider’s stock worth $231,138,000 after acquiring an additional 2,797,490 shares in the last quarter. Pentwater Capital Management LP raised its position in Interpublic Group of Companies by 568.6% during the first quarter. Pentwater Capital Management LP now owns 2,340,000 shares of the business services provider’s stock worth $63,554,000 after acquiring an additional 1,990,000 shares in the last quarter. Calamos Advisors LLC bought a new stake in Interpublic Group of Companies during the first quarter worth $46,172,000. Finally, Alliancebernstein L.P. raised its position in Interpublic Group of Companies by 149.0% during the first quarter. Alliancebernstein L.P. now owns 2,631,682 shares of the business services provider’s stock worth $71,476,000 after acquiring an additional 1,574,777 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on IPG shares. UBS Group dropped their price target on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Interpublic Group of Companies to a “hold” rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. dropped their price objective on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. Barclays increased their price objective on shares of Interpublic Group of Companies from $27.50 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Interpublic Group of Companies in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.09.

Interpublic Group of Companies Price Performance

NYSE:IPG opened at $26.57 on Friday. Interpublic Group of Companies, Inc. has a 52 week low of $22.51 and a 52 week high of $33.05. The firm has a market cap of $9.73 billion, a price-to-earnings ratio of 22.51 and a beta of 1.09. The firm’s 50-day simple moving average is $26.26 and its 200 day simple moving average is $25.17. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the firm earned $0.61 earnings per share. Interpublic Group of Companies’s revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 111.86%.

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.