The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 4.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,030,630 shares of the business services provider's stock after purchasing an additional 45,894 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.28% of Interpublic Group of Companies worth $28,878,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its stake in Interpublic Group of Companies by 15.1% in the third quarter. State Street Corp now owns 29,844,859 shares of the business services provider's stock worth $943,993,000 after buying an additional 3,920,975 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Interpublic Group of Companies by 240.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider's stock valued at $913,000 after buying an additional 20,395 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Interpublic Group of Companies by 2,679.9% in the 3rd quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider's stock worth $965,000 after buying an additional 29,425 shares during the last quarter. ING Groep NV purchased a new stake in shares of Interpublic Group of Companies in the third quarter worth $1,589,000. Finally, Bridgewater Associates LP increased its holdings in shares of Interpublic Group of Companies by 956.5% during the third quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider's stock valued at $3,313,000 after acquiring an additional 94,821 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Trading Up 0.3 %

IPG traded up $0.08 during trading on Thursday, hitting $28.29. 1,891,915 shares of the stock were exchanged, compared to its average volume of 4,779,606. The Interpublic Group of Companies, Inc. has a 1 year low of $26.30 and a 1 year high of $35.17. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. The firm has a 50 day simple moving average of $28.75 and a 200 day simple moving average of $30.04. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings data 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 during 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 for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share. As a group, equities analysts expect that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

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

Wall Street Analyst Weigh In

IPG has been the topic of several recent analyst reports. 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. StockNews.com initiated coverage on Interpublic Group of Companies in a research report on Monday. They issued a "hold" rating for the company. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. Wells Fargo & Company raised shares of Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Finally, 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. Two 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. According to MarketBeat.com, Interpublic Group of Companies presently has an average rating of "Hold" and an average price target of $32.50.

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.