National Bank of Canada FI Buys 93,251 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

National Bank of Canada FI lifted its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 90.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 196,841 shares of the business services provider's stock after purchasing an additional 93,251 shares during the quarter. National Bank of Canada FI owned 0.05% of Interpublic Group of Companies worth $6,226,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Rosenberg Matthew Hamilton raised its position in Interpublic Group of Companies by 9.7% during the third quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider's stock valued at $131,000 after purchasing an additional 365 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Interpublic Group of Companies by 73.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider's stock worth $26,000 after buying an additional 375 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Interpublic Group of Companies by 2.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider's stock worth $494,000 after buying an additional 382 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Interpublic Group of Companies by 2.9% during the 3rd quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider's stock worth $445,000 after buying an additional 399 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Interpublic Group of Companies by 52.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider's stock valued at $38,000 after buying an additional 405 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on IPG shares. UBS Group downgraded 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 research note on Thursday, September 12th. StockNews.com upgraded shares of Interpublic Group of Companies from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. BNP Paribas lowered shares of Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a research report on Monday, September 30th. Bank of America lowered their price target on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Finally, Wells Fargo & Company upgraded 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 research note on Tuesday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $31.71.

Interpublic Group of Companies Trading Up 0.4 %

Shares of Interpublic Group of Companies stock traded up $0.11 during midday trading on Friday, reaching $29.89. The company had a trading volume of 4,228,462 shares, compared to its average volume of 4,233,364. The stock has a fifty day moving average price of $30.06 and a 200 day moving average price of $30.38. The Interpublic Group of Companies, Inc. has a fifty-two week low of $26.88 and a fifty-two week high of $35.17. The firm has a market cap of $11.13 billion, a PE ratio of 14.08 and a beta of 1.10. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the company earned $0.70 EPS. The company's revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.42%. Interpublic Group of Companies's dividend payout ratio (DPR) is currently 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.