The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 240.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,862 shares of the business services provider's stock after purchasing an additional 20,395 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Interpublic Group of Companies were worth $913,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. lifted its stake in shares of Interpublic Group of Companies by 73.8% in 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 during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Interpublic Group of Companies during the 3rd quarter worth approximately $26,000. Hazlett Burt & Watson Inc. grew its holdings in shares of Interpublic Group of Companies by 652.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider's stock worth $30,000 after acquiring an additional 900 shares during the period. International Assets Investment Management LLC purchased a new position in Interpublic Group of Companies in the 2nd quarter valued at approximately $32,000. Finally, Ashton Thomas Securities LLC acquired a new position in Interpublic Group of Companies during the third quarter worth $32,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Interpublic Group of Companies Trading Up 1.9 %

Shares of NYSE:IPG traded up $0.59 during midday trading on Tuesday, reaching $30.89. The company's stock had a trading volume of 6,775,153 shares, compared to its average volume of 4,181,271. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 14.29 and a beta of 1.10. The business has a 50 day moving average price of $30.12 and a 200 day moving average price of $30.40. The Interpublic Group of Companies, Inc. has a 1 year low of $26.88 and a 1 year 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.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting analysts' consensus estimates of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the prior year, the company posted $0.70 EPS. The company's quarterly revenue was down 2.9% compared to the same quarter last year. Research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued 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 4.27%. Interpublic Group of Companies's dividend payout ratio (DPR) is presently 62.26%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Macquarie restated a "neutral" rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $26.00 to $34.00 in a research report on Tuesday. JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. UBS Group lowered Interpublic Group of Companies from a "neutral" rating to a "sell" rating and reduced their target price for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. Finally, BNP Paribas cut Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a report on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Interpublic Group of Companies currently has a consensus rating of "Hold" and a consensus price target of $31.71.

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.