Assenagon Asset Management S.A. Grows Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Assenagon Asset Management S.A. increased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 389.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,487 shares of the business services provider's stock after purchasing an additional 56,087 shares during the period. Assenagon Asset Management S.A.'s holdings in Interpublic Group of Companies were worth $1,975,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Rosenberg Matthew Hamilton raised its stake in shares of Interpublic Group of Companies by 9.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider's stock worth $131,000 after purchasing an additional 365 shares in the last quarter. Ballentine Partners LLC raised its position in Interpublic Group of Companies by 2.9% during the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider's stock worth $445,000 after acquiring an additional 399 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 during the last quarter. Empirical Finance LLC increased its stake in shares of Interpublic Group of Companies by 1.3% during the 3rd quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider's stock worth $1,031,000 after purchasing an additional 409 shares during the last quarter. Finally, West Oak Capital LLC raised its holdings in shares of Interpublic Group of Companies by 0.8% in the 4th quarter. West Oak Capital LLC now owns 55,595 shares of the business services provider's stock valued at $1,558,000 after purchasing an additional 435 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Up 0.3 %

NYSE:IPG traded up $0.08 on Thursday, hitting $28.29. The stock had a trading volume of 3,062,894 shares, compared to its average volume of 4,870,028. 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 Interpublic Group of Companies, Inc. has a 52 week low of $26.30 and a 52 week high of $35.17. The business's fifty day moving average is $28.75 and its 200 day moving average is $30.04. The company has a market cap of $10.54 billion, a PE ratio of 13.35 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted its 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. The company had revenue of $2.24 billion for 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 firm's revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 EPS. On average, equities research analysts expect that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend was Monday, December 2nd. Interpublic Group of Companies's payout ratio is 62.26%.

Analysts Set New Price Targets

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

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.