The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Bought by First Heartland Consultants Inc.

First Heartland Consultants Inc. boosted its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 49.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,948 shares of the business services provider’s stock after buying an additional 3,930 shares during the period. First Heartland Consultants Inc.’s holdings in Interpublic Group of Companies were worth $378,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Trust Walden Corp boosted its stake 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 worth $34,532,000 after buying an additional 34,965 shares during the last quarter. Tidal Investments LLC boosted its stake in Interpublic Group of Companies by 68.0% during the first quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider’s stock worth $3,949,000 after buying an additional 48,996 shares during the last quarter. SG Americas Securities LLC boosted its stake in Interpublic Group of Companies by 176.5% during the second quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider’s stock worth $7,403,000 after buying an additional 162,468 shares during the last quarter. Councilmark Asset Management LLC acquired a new position in Interpublic Group of Companies during the first quarter worth $1,076,000. Finally, Andra AP fonden boosted its stake in 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 worth $15,479,000 after buying an additional 74,200 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Down 1.2 %

IPG opened at $29.25 on Wednesday. The Interpublic Group of Companies, Inc. has a one year low of $28.00 and a one year high of $35.17. The company has a market cap of $10.90 billion, a P/E ratio of 13.80 and a beta of 1.10. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50-day simple moving average is $30.84 and its 200-day simple moving average is $30.65.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results 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. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. As a group, equities research analysts expect that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.33 dividend. 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 4.51%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. UBS Group lowered Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price target for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. Bank of America cut their price objective on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Macquarie reiterated a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Morgan Stanley downgraded Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $34.00 to $28.00 in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.57.

About Interpublic Group of Companies

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.