Security National Bank Buys 5,195 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Security National Bank lifted its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 155,639 shares of the business services provider’s stock after purchasing an additional 5,195 shares during the period. Security National Bank’s holdings in Interpublic Group of Companies were worth $5,079,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IPG. Mirae Asset Global Investments Co. Ltd. lifted its stake in Interpublic Group of Companies by 85.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 229,511 shares of the business services provider’s stock worth $7,491,000 after acquiring an additional 105,858 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Interpublic Group of Companies by 54.3% during the fourth quarter. BNP Paribas Financial Markets now owns 860,103 shares of the business services provider’s stock valued at $28,074,000 after buying an additional 302,664 shares during the last quarter. Cowen AND Company LLC purchased a new stake in shares of Interpublic Group of Companies during the fourth quarter valued at about $871,000. Alaska Permanent Fund Corp lifted its position in shares of Interpublic Group of Companies by 305.6% during the first quarter. Alaska Permanent Fund Corp now owns 54,129 shares of the business services provider’s stock valued at $1,766,000 after buying an additional 40,785 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Interpublic Group of Companies during the fourth quarter valued at about $32,620,000. 98.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Bank of America decreased their price target on shares of Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday. Wells Fargo & Company decreased their price target on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and an average target price of $35.00.

Interpublic Group of Companies Stock Performance

Shares of Interpublic Group of Companies stock traded up $0.02 during midday trading on Wednesday, hitting $29.17. The company had a trading volume of 2,207,418 shares, compared to its average volume of 3,849,567. The Interpublic Group of Companies, Inc. has a 12-month low of $27.20 and a 12-month high of $40.90. The company has a fifty day simple moving average of $30.78 and a 200 day simple moving average of $31.75. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 2.66 and a beta of 1.13.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company earned $0.38 EPS. Interpublic Group of Companies’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, analysts predict that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.53%. Interpublic Group of Companies’s payout ratio is 46.98%.

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.