Belpointe Asset Management LLC Takes Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Belpointe Asset Management LLC purchased a new stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,359 shares of the business services provider’s stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. KBC Group NV grew its stake in Interpublic Group of Companies by 101.9% in the 4th quarter. KBC Group NV now owns 1,068,063 shares of the business services provider’s stock valued at $34,862,000 after buying an additional 538,935 shares during the last quarter. California State Teachers Retirement System grew its stake in Interpublic Group of Companies by 3.8% in the 4th quarter. California State Teachers Retirement System now owns 631,104 shares of the business services provider’s stock valued at $20,599,000 after buying an additional 23,297 shares during the last quarter. Lcnb Corp grew its stake in Interpublic Group of Companies by 7.2% in the 4th quarter. Lcnb Corp now owns 11,058 shares of the business services provider’s stock valued at $361,000 after buying an additional 746 shares during the last quarter. TFO Wealth Partners LLC grew its stake in Interpublic Group of Companies by 13,944.4% in the 4th quarter. TFO Wealth Partners LLC now owns 2,528 shares of the business services provider’s stock valued at $83,000 after buying an additional 2,510 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Interpublic Group of Companies by 0.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 181,284 shares of the business services provider’s stock valued at $5,917,000 after buying an additional 1,652 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $30.72 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $11.59 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 2.81 and a beta of 1.13. The company’s fifty day moving average is $31.18 and its two-hundred day moving average is $31.83. The Interpublic Group of Companies, Inc. has a 52-week low of $27.20 and a 52-week high of $40.95.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last issued its earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the business earned $0.38 EPS. The firm’s revenue was down 1.0% on a year-over-year basis. Equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.32 annualized dividend and a dividend yield of 4.30%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 46.98%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IPG. Wells Fargo & Company lowered their target price on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. lowered their target price on shares of Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.13.

Read Our Latest Research Report on Interpublic Group of Companies

Interpublic Group of Companies Company Profile

(Free Report)

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.

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

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