27,972 Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG) Purchased by Avanza Fonder AB

Avanza Fonder AB purchased a new stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 27,972 shares of the business services provider's stock, valued at approximately $784,000.

Other institutional investors have also recently bought and sold shares of the company. Benjamin Edwards Inc. lifted its position in Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider's stock valued at $26,000 after acquiring an additional 375 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Interpublic Group of Companies during the third quarter worth $26,000. Ashton Thomas Securities LLC purchased a new position in Interpublic Group of Companies during the 3rd quarter worth $32,000. EverSource Wealth Advisors LLC raised its holdings 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 purchasing an additional 405 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Interpublic Group of Companies during the 3rd quarter worth approximately $60,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Interpublic Group of Companies Trading Down 0.2 %

Shares of IPG traded down $0.06 during trading hours on Monday, hitting $27.84. The company had a trading volume of 5,109,237 shares, compared to its average volume of 4,438,917. The Interpublic Group of Companies, Inc. has a 52-week low of $26.30 and a 52-week high of $35.17. 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 stock's 50 day moving average price is $28.83 and its 200 day moving average price is $30.06. The firm has a market cap of $10.37 billion, a P/E ratio of 13.13 and a beta of 1.11.

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

Interpublic Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.33 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.74%. Interpublic Group of Companies's dividend payout ratio is presently 62.26%.

Analyst Upgrades and Downgrades

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