Arvest Bank Trust Division Purchases Shares of 79,021 The Interpublic Group of Companies, Inc. (NYSE:IPG)

Arvest Bank Trust Division purchased a new stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 79,021 shares of the business services provider's stock, valued at approximately $2,499,000.

Several other large investors have also recently added to or reduced their stakes in IPG. Sequoia Financial Advisors LLC lifted its position in shares of Interpublic Group of Companies by 14.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,011 shares of the business services provider's stock worth $233,000 after buying an additional 1,011 shares during the last quarter. M&G Plc acquired a new stake in Interpublic Group of Companies during the second quarter worth about $605,000. Envestnet Portfolio Solutions Inc. lifted its holdings in Interpublic Group of Companies by 30.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,781 shares of the business services provider's stock worth $517,000 after acquiring an additional 4,146 shares during the last quarter. 180 Wealth Advisors LLC boosted its stake in Interpublic Group of Companies by 12.4% in the second quarter. 180 Wealth Advisors LLC now owns 7,267 shares of the business services provider's stock valued at $210,000 after acquiring an additional 802 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Interpublic Group of Companies by 382.3% during the second quarter. Assenagon Asset Management S.A. now owns 65,871 shares of the business services provider's stock valued at $1,916,000 after purchasing an additional 52,214 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Interpublic Group of Companies Price Performance

IPG stock traded down $0.32 during trading on Thursday, hitting $29.78. The company had a trading volume of 4,582,752 shares, compared to its average volume of 4,233,384. The business has a 50 day moving average of $30.06 and a 200 day moving average of $30.38. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of 14.05 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. The Interpublic Group of Companies, Inc. has a fifty-two week low of $26.88 and a fifty-two week high of $35.17.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, hitting analysts' consensus estimates of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the business posted $0.70 EPS. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, research analysts predict that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Monday, December 2nd. Interpublic Group of Companies's payout ratio is currently 62.26%.

Analysts Set New Price Targets

Several brokerages recently issued reports on IPG. Wells Fargo & Company raised Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $26.00 to $34.00 in a report on Tuesday. UBS Group cut Interpublic Group of Companies from a "neutral" rating to a "sell" rating and cut their target price for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. StockNews.com raised shares of Interpublic Group of Companies from a "sell" rating to a "hold" rating in a report on Saturday, November 9th. Macquarie reaffirmed a "neutral" rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $31.71.

Interpublic Group of Companies Company 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.