Charles Schwab Investment Management Inc. Buys 270,857 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Charles Schwab Investment Management Inc. lifted its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,426,923 shares of the business services provider's stock after purchasing an additional 270,857 shares during the period. Charles Schwab Investment Management Inc. owned 3.34% of Interpublic Group of Companies worth $393,064,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Interpublic Group of Companies by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider's stock worth $199,063,000 after purchasing an additional 828,150 shares during the period. Ariel Investments LLC raised its position in Interpublic Group of Companies by 3.5% in the 2nd quarter. Ariel Investments LLC now owns 5,710,448 shares of the business services provider's stock valued at $166,117,000 after buying an additional 193,898 shares during the last quarter. American Century Companies Inc. lifted its stake in Interpublic Group of Companies by 4.8% in the 2nd quarter. American Century Companies Inc. now owns 5,604,984 shares of the business services provider's stock valued at $163,049,000 after acquiring an additional 255,250 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Interpublic Group of Companies by 19.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider's stock worth $158,157,000 after acquiring an additional 899,332 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Interpublic Group of Companies by 7.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,277,771 shares of the business services provider's stock worth $72,041,000 after acquiring an additional 157,695 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on IPG shares. Macquarie reaffirmed a "neutral" rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Bank of America dropped 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. UBS Group downgraded Interpublic Group of Companies from a "neutral" rating to a "sell" rating and decreased their price target for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. Barclays cut their price objective on Interpublic Group of Companies from $32.50 to $32.00 and set an "equal weight" rating for the company in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and cut their price target for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $30.57.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock traded up $0.43 during trading hours on Friday, hitting $29.58. The company had a trading volume of 6,026,675 shares, compared to its average volume of 4,357,025. The firm has a 50-day moving average of $30.37 and a 200 day moving average of $30.52. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $11.02 billion, a PE ratio of 13.95 and a beta of 1.10. The Interpublic Group of Companies, Inc. has a one year low of $26.88 and a one year high of $35.17.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced 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 return on equity of 27.76% and a net margin of 7.44%. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. On average, sell-side analysts expect that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.33 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.46%. Interpublic Group of Companies's payout ratio is presently 62.26%.

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.