The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 18.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 706,774 shares of the business services provider's stock after buying an additional 108,267 shares during the period. Victory Capital Management Inc. owned about 0.19% of Interpublic Group of Companies worth $22,355,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in IPG. Boston Trust Walden Corp increased its position 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 valued at $34,532,000 after acquiring an additional 34,965 shares during the last quarter. Tidal Investments LLC raised its position in Interpublic Group of Companies by 68.0% in 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 during the period. SG Americas Securities LLC lifted its stake 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 worth $7,403,000 after purchasing an additional 162,468 shares during the last quarter. Andra AP fonden boosted its position in shares of Interpublic Group of Companies by 16.2% during the second quarter. Andra AP fonden now owns 532,100 shares of the business services provider's stock valued at $15,479,000 after buying an additional 74,200 shares during the period. Finally, M&G Plc bought a new position in shares of Interpublic Group of Companies during the second quarter valued at approximately $605,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IPG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Bank of America decreased their target price 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. Morgan Stanley cut shares of Interpublic Group of Companies from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $34.00 to $28.00 in a report on Monday, July 22nd. StockNews.com upgraded shares of Interpublic Group of Companies from a "sell" rating to a "hold" rating in a report on Saturday, November 9th. Finally, UBS Group lowered shares of Interpublic Group of Companies from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $30.57.

Interpublic Group of Companies Stock Up 0.5 %

Shares of NYSE:IPG traded up $0.14 during trading hours on Tuesday, hitting $27.66. The company's stock had a trading volume of 5,294,142 shares, compared to its average volume of 3,964,983. The firm's fifty day moving average price is $30.55 and its 200 day moving average price is $30.57. The Interpublic Group of Companies, Inc. has a 52 week low of $26.88 and a 52 week high of $35.17. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of 12.98 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 posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share 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 company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. Interpublic Group of Companies's revenue was down 2.9% on a year-over-year basis. As a group, research analysts expect that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 4.77%. Interpublic Group of Companies's dividend payout ratio (DPR) is presently 62.26%.

Interpublic Group of Companies Company 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.