The Interpublic Group of Companies, Inc. (NYSE:IPG) Holdings Boosted by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 9.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 426,349 shares of the business services provider's stock after purchasing an additional 37,323 shares during the period. Advisors Asset Management Inc. owned approximately 0.11% of Interpublic Group of Companies worth $13,485,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Interpublic Group of Companies during the 3rd quarter worth approximately $294,000. LMR Partners LLP acquired a new stake in shares of Interpublic Group of Companies in the third quarter valued at $479,000. Quest Partners LLC boosted its holdings in Interpublic Group of Companies by 418.7% in the third quarter. Quest Partners LLC now owns 6,878 shares of the business services provider's stock valued at $218,000 after purchasing an additional 5,552 shares during the period. AM Squared Ltd grew its stake in Interpublic Group of Companies by 63.2% during the 3rd quarter. AM Squared Ltd now owns 3,100 shares of the business services provider's stock worth $98,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of Interpublic Group of Companies by 59.6% during the third quarter. Natixis Advisors LLC now owns 429,509 shares of the business services provider's stock worth $13,585,000 after buying an additional 160,323 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG traded up $0.72 on Wednesday, hitting $28.38. The company had a trading volume of 6,762,689 shares, compared to its average volume of 3,977,417. The business has a 50 day moving average of $30.48 and a 200 day moving average of $30.55. The Interpublic Group of Companies, Inc. has a 52-week low of $26.88 and a 52-week high of $35.17. The company has a market cap of $10.57 billion, a PE ratio of 13.05 and a beta of 1.10. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

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 EPS for the quarter, hitting the consensus estimate of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.30 billion. During the same period in the previous year, the company earned $0.70 EPS. Interpublic Group of Companies's revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 4.65%. Interpublic Group of Companies's payout ratio is 62.26%.

Wall Street Analysts Forecast Growth

IPG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Barclays lowered their price objective on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 23rd. StockNews.com raised Interpublic Group of Companies from a "sell" rating to a "hold" rating in a report on Saturday, November 9th. UBS Group lowered shares of Interpublic Group of Companies from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Finally, Bank of America lowered their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Interpublic Group of Companies has an average rating of "Hold" and a consensus target price of $30.57.

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.