J.W. Cole Advisors Inc. Makes New Investment in The Interpublic Group of Companies, Inc. (NYSE:IPG)

J.W. Cole Advisors Inc. acquired a new position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating) in the first quarter, HoldingsChannel.com reports. The fund acquired 75,949 shares of the business services provider’s stock, valued at approximately $61,000.

A number of other large investors also recently bought and sold shares of IPG. Tcwp LLC purchased a new position in Interpublic Group of Companies during the 1st quarter worth $32,000. Eaton Vance Management increased its holdings in shares of Interpublic Group of Companies by 11.4% in the 4th quarter. Eaton Vance Management now owns 11,265 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 1,156 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Interpublic Group of Companies by 252.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,206 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 864 shares in the last quarter. HHM Wealth Advisors LLC purchased a new position in shares of Interpublic Group of Companies in the 1st quarter valued at about $52,000. Finally, Tobam increased its holdings in shares of Interpublic Group of Companies by 198.4% in the 1st quarter. Tobam now owns 1,522 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 1,012 shares in the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley cut their price target on shares of Interpublic Group of Companies from $40.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, June 10th. ING Group assumed coverage on shares of Interpublic Group of Companies in a report on Thursday, September 8th. They issued a “buy” rating for the company. They noted that the move was a valuation call. BNP Paribas began coverage on shares of Interpublic Group of Companies in a report on Thursday, August 25th. They issued an “outperform” rating for the company. Macquarie cut shares of Interpublic Group of Companies from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 23rd. Finally, Citigroup lowered their price objective on shares of Interpublic Group of Companies from $43.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, July 7th. One investment 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.56.

Insiders Place Their Bets

In other news, Director Jocelyn Carter-Miller sold 6,500 shares of the stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $30.00, for a total transaction of $195,000.00. Following the transaction, the director now directly owns 38,214 shares in the company, valued at approximately $1,146,420. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by corporate insiders.

Interpublic Group of Companies Price Performance

Interpublic Group of Companies stock opened at $26.26 on Friday. The Interpublic Group of Companies, Inc. has a 12-month low of $26.25 and a 12-month high of $39.98. The stock has a market capitalization of $10.27 billion, a P/E ratio of 10.63, a P/E/G ratio of 8.64 and a beta of 1.04. The firm’s 50-day moving average is $28.80 and its two-hundred day moving average is $30.94. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.04 and a quick ratio of 1.04.

Interpublic Group of Companies (NYSE:IPGGet Rating) last released its quarterly earnings results on Thursday, July 21st. The business services provider reported $0.63 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the company earned $0.70 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that The Interpublic Group of Companies, Inc. will post 2.71 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.16 annualized dividend and a dividend yield of 4.42%. Interpublic Group of Companies’s dividend payout ratio is currently 46.77%.

Interpublic Group of Companies Profile

(Get Rating)

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.

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

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