V Square Quantitative Management LLC Grows Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

V Square Quantitative Management LLC increased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 12.4% during the 2nd quarter, Holdings Channel reports. The firm owned 27,672 shares of the business services provider’s stock after purchasing an additional 3,048 shares during the quarter. V Square Quantitative Management LLC’s holdings in Interpublic Group of Companies were worth $805,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Voisard Asset Management Group Inc. purchased a new position in Interpublic Group of Companies during the fourth quarter worth about $31,000. Headlands Technologies LLC purchased a new position in Interpublic Group of Companies in the first quarter valued at about $42,000. Salomon & Ludwin LLC boosted its stake in Interpublic Group of Companies by 2,024.6% in the first quarter. Salomon & Ludwin LLC now owns 1,296 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 1,235 shares during the last quarter. MCF Advisors LLC purchased a new position in Interpublic Group of Companies in the fourth quarter valued at about $43,000. Finally, Assetmark Inc. boosted its stake in Interpublic Group of Companies by 27.5% in the fourth quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 368 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies Trading Down 0.3 %

Shares of NYSE:IPG traded down $0.10 on Wednesday, hitting $30.59. The company had a trading volume of 1,139,772 shares, compared to its average volume of 3,998,564. The firm’s 50-day simple moving average is $29.81 and its two-hundred day simple moving average is $31.09. The Interpublic Group of Companies, Inc. has a 1 year low of $27.20 and a 1 year high of $35.17. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 3.29 and a beta of 1.12.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the business earned $0.74 EPS. Interpublic Group of Companies’s revenue was up 1.6% compared to the same quarter last year. Equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.33 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.32%. Interpublic Group of Companies’s dividend payout ratio is presently 46.98%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IPG shares. Barclays dropped their target price on shares of Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Wells Fargo & Company dropped their target price on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Morgan Stanley cut shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $34.00 to $28.00 in a research note on Monday, July 22nd. Bank of America dropped their price target on shares of Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Interpublic Group of Companies has an average rating of “Hold” and a consensus price target of $34.13.

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.