Trajan Wealth LLC Acquires 20,318 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Trajan Wealth LLC lifted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 14.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,738 shares of the business services provider's stock after purchasing an additional 20,318 shares during the quarter. Trajan Wealth LLC's holdings in Interpublic Group of Companies were worth $5,116,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. abrdn plc increased its holdings in shares of Interpublic Group of Companies by 1.4% in the third quarter. abrdn plc now owns 524,709 shares of the business services provider's stock worth $16,528,000 after purchasing an additional 7,354 shares during the last quarter. Semanteon Capital Management LP bought a new stake in shares of Interpublic Group of Companies in the third quarter worth about $827,000. Summit Place Financial Advisors LLC increased its holdings in shares of Interpublic Group of Companies by 18.1% in the third quarter. Summit Place Financial Advisors LLC now owns 68,000 shares of the business services provider's stock worth $2,151,000 after purchasing an additional 10,425 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Interpublic Group of Companies by 5.0% in the third quarter. State of Alaska Department of Revenue now owns 43,630 shares of the business services provider's stock worth $1,380,000 after purchasing an additional 2,075 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Interpublic Group of Companies by 64.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 143,481 shares of the business services provider's stock worth $4,380,000 after purchasing an additional 56,210 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Trading Down 0.3 %

Shares of NYSE:IPG traded down $0.08 during trading hours on Wednesday, hitting $29.95. 2,796,050 shares of the company's stock traded hands, compared to its average volume of 3,924,099. The Interpublic Group of Companies, Inc. has a 1 year low of $27.84 and a 1 year high of $35.17. The business has a fifty day moving average price of $31.25 and a 200-day moving average price of $30.71. The firm has a market capitalization of $11.30 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 4.97 and a beta of 1.09. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. Interpublic Group of Companies had a return on equity of 27.51% and a net margin of 7.44%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the business earned $0.70 earnings per share. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. Equities analysts expect that The Interpublic Group of Companies, Inc. will post 2.83 earnings per share 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. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Monday, December 2nd. Interpublic Group of Companies's dividend payout ratio is presently 46.98%.

Wall Street Analyst Weigh In

Several research firms recently commented on IPG. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. Morgan Stanley lowered Interpublic Group of Companies from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $34.00 to $28.00 in a research report on Monday, July 22nd. Barclays dropped their price target on 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. Bank of America dropped their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. Finally, Macquarie reiterated 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. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Interpublic Group of Companies currently has a consensus rating of "Hold" and a consensus 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.