The Interpublic Group of Companies, Inc. (NYSE:IPG) Position Increased by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 59.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 429,509 shares of the business services provider's stock after purchasing an additional 160,323 shares during the period. Natixis Advisors LLC owned approximately 0.12% of Interpublic Group of Companies worth $13,585,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Benjamin Edwards Inc. boosted its holdings in 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 acquiring an additional 375 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Interpublic Group of Companies in the 3rd quarter valued at about $26,000. Hazlett Burt & Watson Inc. grew its holdings in shares of Interpublic Group of Companies by 652.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider's stock worth $30,000 after purchasing an additional 900 shares during the period. International Assets Investment Management LLC acquired a new stake in Interpublic Group of Companies during the 2nd quarter worth approximately $32,000. Finally, Ashton Thomas Securities LLC purchased a new position in Interpublic Group of Companies in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IPG. Barclays dropped their price objective on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $26.00 target price (down previously from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Bank of America dropped their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. BNP Paribas cut Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a report on Monday, September 30th. Finally, StockNews.com upgraded shares of Interpublic Group of Companies from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $30.57.

Interpublic Group of Companies Trading Up 0.0 %

IPG opened at $28.39 on Thursday. The stock has a market capitalization of $10.58 billion, a PE ratio of 13.39 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. The Interpublic Group of Companies, Inc. has a 12-month low of $26.88 and a 12-month high of $35.17. The firm's fifty day moving average price is $30.43 and its 200 day moving average price is $30.53.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting analysts' consensus estimates 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 the consensus estimate of $2.30 billion. During the same period last year, the firm earned $0.70 earnings per share. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, research analysts expect that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies's dividend payout ratio 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.