15,746 Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG) Purchased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC bought a new position in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15,746 shares of the business services provider's stock, valued at approximately $441,000.

Several other large investors have also added to or reduced their stakes in IPG. Benjamin Edwards Inc. raised its position in shares of Interpublic Group of Companies by 73.8% during the 2nd 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 during the period. Catalyst Capital Advisors LLC purchased a new stake in Interpublic Group of Companies in the 3rd quarter worth $26,000. Ashton Thomas Securities LLC bought a new stake in Interpublic Group of Companies during the third quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its position in shares of Interpublic Group of Companies by 52.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider's stock valued at $38,000 after acquiring an additional 405 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Interpublic Group of Companies in the third quarter worth about $60,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on IPG. Barclays lowered their price target on Interpublic Group of Companies from $32.50 to $32.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 23rd. Macquarie restated a "neutral" rating and set a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. StockNews.com began coverage on shares of Interpublic Group of Companies in a report on Sunday, January 12th. They issued a "hold" rating on the stock. Wells Fargo & Company raised shares of Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Finally, BNP Paribas raised Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 target price on the stock in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $32.50.

Interpublic Group of Companies Trading Down 0.2 %

IPG traded down $0.06 during trading on Friday, reaching $27.84. The company had a trading volume of 5,109,237 shares, compared to its average volume of 4,438,917. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The business has a 50 day simple moving average of $28.83 and a 200-day simple moving average of $30.06. The stock has a market cap of $10.37 billion, a P/E ratio of 13.13 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a 52 week low of $26.30 and a 52 week high of $35.17.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The business's revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.70 EPS. On average, equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.33 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.74%. Interpublic Group of Companies's dividend payout ratio (DPR) 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.