Los Angeles Capital Management LLC Buys 26,360 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Los Angeles Capital Management LLC raised its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 298.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,194 shares of the business services provider's stock after acquiring an additional 26,360 shares during the period. Los Angeles Capital Management LLC's holdings in Interpublic Group of Companies were worth $1,113,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Boston Trust Walden Corp lifted its stake in Interpublic Group of Companies by 3.0% during the second quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider's stock worth $34,532,000 after purchasing an additional 34,965 shares during the last quarter. Tidal Investments LLC boosted its stake in Interpublic Group of Companies by 68.0% in the first quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider's stock valued at $3,949,000 after buying an additional 48,996 shares in the last quarter. SG Americas Securities LLC grew its position in Interpublic Group of Companies by 176.5% in the second quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider's stock valued at $7,403,000 after acquiring an additional 162,468 shares during the last quarter. Councilmark Asset Management LLC acquired a new position in Interpublic Group of Companies during the first quarter worth about $1,076,000. Finally, Andra AP fonden lifted its holdings in shares of Interpublic Group of Companies by 16.2% in the second quarter. Andra AP fonden now owns 532,100 shares of the business services provider's stock worth $15,479,000 after acquiring an additional 74,200 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Interpublic Group of Companies Trading Down 7.2 %

IPG stock traded down $2.11 during trading on Friday, hitting $27.09. The company had a trading volume of 10,272,810 shares, compared to its average volume of 3,937,387. The stock has a market cap of $10.09 billion, a PE ratio of 12.85 and a beta of 1.10. The business has a 50-day moving average of $30.70 and a 200-day moving average of $30.62. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The Interpublic Group of Companies, Inc. has a one year low of $27.01 and a one year high of $35.17.

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 for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the firm posted $0.70 EPS. The company's quarterly revenue was down 2.9% on a year-over-year basis. Research analysts predict that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed 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. This represents a $1.32 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Monday, December 2nd. Interpublic Group of Companies's dividend payout ratio (DPR) is presently 62.26%.

Wall Street Analyst Weigh In

IPG has been the topic of several research reports. Macquarie reaffirmed a "neutral" rating and set a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. BNP Paribas downgraded shares of Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a report on Monday, September 30th. JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. UBS Group cut Interpublic Group of Companies from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Finally, StockNews.com raised Interpublic Group of Companies from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Interpublic Group of Companies currently has an average rating of "Hold" and an average target price of $30.57.

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.