15,132 Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG) Acquired by LMR Partners LLP

LMR Partners LLP acquired a new stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) in the third quarter, Holdings Channel reports. The fund acquired 15,132 shares of the business services provider’s stock, valued at approximately $479,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted its position in Interpublic Group of Companies by 9.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 365 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Interpublic Group of Companies by 73.8% in the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 375 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Interpublic Group of Companies by 2.2% during the second quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock valued at $494,000 after buying an additional 382 shares during the last quarter. Ballentine Partners LLC grew its holdings in Interpublic Group of Companies by 2.9% during the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock worth $445,000 after buying an additional 399 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after buying an additional 405 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on IPG shares. Macquarie reiterated a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Bank of America decreased their price objective on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company restated an “underweight” rating and issued a $26.00 target price (down previously from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price target for the company from $34.00 to $29.00 in a research report on Thursday, September 12th. Finally, BNP Paribas downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Monday, September 30th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Interpublic Group of Companies presently has an average rating of “Hold” and a consensus target price of $30.57.

Interpublic Group of Companies Stock Performance

Shares of IPG opened at $27.66 on Wednesday. The Interpublic Group of Companies, Inc. has a 1 year low of $26.88 and a 1 year high of $35.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s fifty day moving average price is $30.55 and its two-hundred day moving average price is $30.57. The firm has a market cap of $10.30 billion, a PE ratio of 13.05 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share. On average, equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.77%. Interpublic Group of Companies’s dividend payout ratio is 62.26%.

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.