Moody National Bank Trust Division Boosts Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Moody National Bank Trust Division boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating) by 40.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,892 shares of the business services provider’s stock after buying an additional 3,691 shares during the period. Moody National Bank Trust Division’s holdings in Interpublic Group of Companies were worth $355,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tcwp LLC purchased a new position in Interpublic Group of Companies in the 1st quarter valued at $32,000. Steward Partners Investment Advisory LLC lifted its holdings in Interpublic Group of Companies by 252.6% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,206 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 864 shares during the period. HHM Wealth Advisors LLC acquired a new stake in Interpublic Group of Companies in the first quarter valued at $52,000. Tobam lifted its holdings in Interpublic Group of Companies by 198.4% in the first quarter. Tobam now owns 1,522 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 1,012 shares during the period. Finally, Clearstead Advisors LLC lifted its holdings in Interpublic Group of Companies by 43.3% in the first quarter. Clearstead Advisors LLC now owns 1,641 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 496 shares during the period. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies Trading Up 1.4 %

Shares of IPG stock opened at $27.69 on Tuesday. The firm has a 50-day moving average price of $28.85 and a 200 day moving average price of $31.00. The Interpublic Group of Companies, Inc. has a twelve month low of $26.36 and a twelve month high of $39.98. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 8.77 and a beta of 1.04. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.83.

Interpublic Group of Companies (NYSE:IPGGet Rating) last announced its earnings results on Thursday, July 21st. The business services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. Interpublic Group of Companies had a net margin of 9.16% and a return on equity of 29.37%. The firm had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the company posted $0.70 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.71 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.19%. The ex-dividend date was Wednesday, August 31st. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IPG shares. Wells Fargo & Company raised their target price on Interpublic Group of Companies to $36.00 in a report on Friday, July 22nd. JPMorgan Chase & Co. reduced their target price on Interpublic Group of Companies from $45.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, July 8th. Moffett Nathanson cut their price target on Interpublic Group of Companies to $39.00 in a research note on Friday, July 22nd. BNP Paribas assumed coverage on Interpublic Group of Companies in a research note on Thursday, August 25th. They set an “outperform” rating for the company. Finally, Exane BNP Paribas assumed coverage on Interpublic Group of Companies in a research note on Thursday, August 25th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Moderate Buy” and an average target price of $36.56.

Insider Buying and Selling at Interpublic Group of Companies

In other Interpublic Group of Companies news, Director Jocelyn Carter-Miller sold 6,500 shares of Interpublic Group of Companies stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $30.00, for a total value of $195,000.00. Following the completion of the sale, the director now owns 38,214 shares in the company, valued at approximately $1,146,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by company insiders.

About Interpublic Group of Companies

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The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data science services.

See Also

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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