Transamerica Financial Advisors Inc. Acquires 2,437 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Transamerica Financial Advisors Inc. increased its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 243,700.0% during the third quarter, Holdings Channel reports. The firm owned 2,438 shares of the business services provider’s stock after acquiring an additional 2,437 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Interpublic Group of Companies were worth $78,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Interpublic Group of Companies by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock worth $393,064,000 after buying an additional 270,857 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Interpublic Group of Companies by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock worth $199,063,000 after purchasing an additional 828,150 shares in the last quarter. Ariel Investments LLC boosted its holdings in shares of Interpublic Group of Companies by 3.5% during the 2nd quarter. Ariel Investments LLC now owns 5,710,448 shares of the business services provider’s stock valued at $166,117,000 after purchasing an additional 193,898 shares during the last quarter. American Century Companies Inc. grew its position in shares of Interpublic Group of Companies by 4.8% during the second quarter. American Century Companies Inc. now owns 5,604,984 shares of the business services provider’s stock valued at $163,049,000 after purchasing an additional 255,250 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Interpublic Group of Companies by 19.8% in the second quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider’s stock worth $158,157,000 after purchasing an additional 899,332 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IPG has been the topic of a number of research analyst reports. Bank of America decreased their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Macquarie reiterated 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. BNP Paribas downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Barclays decreased their target price on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Interpublic Group of Companies has a consensus rating of “Hold” and an average target price of $30.57.

Interpublic Group of Companies Trading Down 0.5 %

Shares of IPG stock opened at $30.47 on Thursday. The Interpublic Group of Companies, Inc. has a 1 year low of $26.88 and a 1 year high of $35.17. 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 stock’s 50 day simple moving average is $30.34 and its two-hundred day simple moving average is $30.50. The company has a market cap of $11.35 billion, a PE ratio of 14.37 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the business posted $0.70 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Research analysts predict that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.33%. Interpublic Group of Companies’s dividend payout ratio is 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.