Lecap Asset Management Ltd. Makes New Investment in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Lecap Asset Management Ltd. bought a new stake in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,063 shares of the business services provider's stock, valued at approximately $282,000.

Several other institutional investors also recently modified their holdings of the business. Catalyst Capital Advisors LLC purchased a new position in Interpublic Group of Companies in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Interpublic Group of Companies during the third quarter worth $32,000. Brooklyn Investment Group purchased a new stake in shares of Interpublic Group of Companies during the third quarter worth $60,000. Trust Co. of Vermont lifted its position in shares of Interpublic Group of Companies by 250.0% during the third quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider's stock worth $66,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in shares of Interpublic Group of Companies by 31.8% during the third quarter. Raleigh Capital Management Inc. now owns 2,356 shares of the business services provider's stock worth $75,000 after acquiring an additional 568 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Trading Down 1.4 %

Shares of NYSE:IPG traded down $0.38 on Wednesday, reaching $26.79. 7,017,893 shares of the company traded hands, compared to its average volume of 4,951,173. The business's 50-day simple moving average is $28.44 and its 200 day simple moving average is $29.92. The Interpublic Group of Companies, Inc. has a 52 week low of $26.30 and a 52 week high of $35.17. The stock has a market capitalization of $9.98 billion, a P/E ratio of 12.64 and a beta of 1.11. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.11 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.04). Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. As a group, equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.93%. Interpublic Group of Companies's dividend payout ratio (DPR) is presently 62.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $32.00 to $39.00 in a research report on Monday, January 27th. StockNews.com initiated coverage on Interpublic Group of Companies in a research report on Wednesday, February 5th. They issued a "hold" rating on the stock. Macquarie reiterated a "neutral" rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Wells Fargo & Company upgraded Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. Finally, Barclays upgraded Interpublic Group of Companies from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $33.75.

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.