Candriam Luxembourg S.C.A. grew its stake in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 25.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 310,756 shares of the business services provider’s stock after acquiring an additional 62,596 shares during the quarter. Candriam Luxembourg S.C.A. owned about 0.08% of Interpublic Group of Companies worth $7,178,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Advisors Preferred LLC purchased a new position in shares of Interpublic Group of Companies during the 4th quarter valued at approximately $27,000. Clear Harbor Asset Management LLC purchased a new position in Interpublic Group of Companies in the 4th quarter valued at $53,000. Allred Capital Management LLC purchased a new position in Interpublic Group of Companies in the 4th quarter valued at $66,000. AlphaMark Advisors LLC lifted its holdings in Interpublic Group of Companies by 23.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 3,304 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 618 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in Interpublic Group of Companies by 23.6% in the 4th quarter. Huntington National Bank now owns 3,120 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 595 shares in the last quarter. Institutional investors own 97.67% of the company’s stock.
In related news, Director Linda S. Sanford bought 3,363 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was acquired at an average cost of $22.27 per share, with a total value of $74,894.01. Following the purchase, the director now directly owns 3,363 shares of the company’s stock, valued at $74,894.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.09% of the stock is owned by company insiders.
A number of brokerages have weighed in on IPG. TheStreet upgraded Interpublic Group of Companies from a “c+” rating to a “b-” rating in a report on Tuesday, November 12th. Cfra raised their price objective on Interpublic Group of Companies from $22.00 to $25.00 and gave the company a “hold” rating in a report on Wednesday. Finally, ValuEngine upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.50.
Shares of IPG stock opened at $25.06 on Friday. The stock’s fifty day moving average is $23.30 and its two-hundred day moving average is $21.96. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $9.69 billion, a P/E ratio of 15.01, a PEG ratio of 2.23 and a beta of 1.11. Interpublic Group of Companies Inc has a fifty-two week low of $19.56 and a fifty-two week high of $25.15.
Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. Interpublic Group of Companies had a return on equity of 31.19% and a net margin of 6.42%. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the firm posted $0.89 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts forecast that Interpublic Group of Companies Inc will post 1.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a $0.255 dividend. The ex-dividend date is Friday, February 28th. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.24. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.07%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 50.54%.
Interpublic Group of Companies Profile
The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.
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