The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 64.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,481 shares of the business services provider's stock after buying an additional 56,210 shares during the period. DekaBank Deutsche Girozentrale's holdings in Interpublic Group of Companies were worth $4,380,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in IPG. BNP Paribas Financial Markets boosted its holdings in Interpublic Group of Companies by 15.0% in the 1st quarter. BNP Paribas Financial Markets now owns 989,318 shares of the business services provider's stock worth $32,281,000 after acquiring an additional 129,215 shares during the period. Boston Trust Walden Corp lifted its stake in Interpublic Group of Companies by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider's stock worth $34,532,000 after acquiring an additional 34,965 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Interpublic Group of Companies by 68.0% during the 1st quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider's stock worth $3,949,000 after purchasing an additional 48,996 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Interpublic Group of Companies by 176.5% in the 2nd 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 in the last quarter. Finally, FORA Capital LLC acquired a new stake in Interpublic Group of Companies in the 1st quarter valued at approximately $2,061,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IPG. StockNews.com upgraded Interpublic Group of Companies from a "sell" rating to a "hold" rating in a research report on Thursday. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. BNP Paribas downgraded Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a research report on Monday, September 30th. Bank of America cut 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. Finally, Macquarie reaffirmed a "neutral" rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. 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 company. Based on data from MarketBeat, Interpublic Group of Companies currently has an average rating of "Hold" and a consensus price target of $30.57.

Interpublic Group of Companies Stock Performance

Shares of IPG stock traded up $0.08 during mid-day trading on Friday, reaching $29.48. The stock had a trading volume of 2,852,413 shares, compared to its average volume of 3,917,413. The business's fifty day moving average is $31.21 and its 200-day moving average is $30.70. 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 firm has a market cap of $10.98 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 5.01 and a beta of 1.09. The Interpublic Group of Companies, Inc. has a 1-year low of $28.00 and a 1-year high of $35.17.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the business posted $0.70 earnings per share. The business's quarterly revenue was down 2.9% compared to the same quarter last year. On average, research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies's dividend payout ratio is presently 62.26%.

About Interpublic Group of Companies

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.