Geode Capital Management LLC Purchases 81,265 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Geode Capital Management LLC lifted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,449,534 shares of the business services provider's stock after buying an additional 81,265 shares during the period. Geode Capital Management LLC owned about 2.54% of Interpublic Group of Companies worth $298,107,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its position in Interpublic Group of Companies by 9.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider's stock valued at $131,000 after acquiring an additional 365 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Interpublic Group of Companies by 73.8% during the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider's stock valued at $26,000 after purchasing an additional 375 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Interpublic Group of Companies by 2.2% during the second quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider's stock valued at $494,000 after buying an additional 382 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of 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 valued at $445,000 after buying an additional 399 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider's stock worth $38,000 after buying an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

IPG has been the topic of a number of recent analyst reports. StockNews.com raised shares of Interpublic Group of Companies from a "sell" rating to a "hold" rating in a report on Saturday, November 9th. BNP Paribas cut shares of Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a report on Monday, September 30th. 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. Wells Fargo & Company raised 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. Finally, JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $31.71.

Interpublic Group of Companies Stock Performance

Shares of IPG stock traded up $0.11 during mid-day trading on Friday, reaching $29.89. 4,246,653 shares of the company's stock traded hands, compared to its average volume of 4,233,439. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $11.13 billion, a PE ratio of 14.10 and a beta of 1.10. The Interpublic Group of Companies, Inc. has a 12 month low of $26.88 and a 12 month high of $35.17. The firm has a 50 day moving average price of $30.05 and a two-hundred day moving average price of $30.36.

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

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.42%. The ex-dividend date is Monday, December 2nd. Interpublic Group of Companies's dividend payout ratio is 62.26%.

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.