US Bancorp DE Increases Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

US Bancorp DE increased its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,090 shares of the business services provider’s stock after acquiring an additional 401 shares during the period. US Bancorp DE’s holdings in Interpublic Group of Companies were worth $744,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of IPG. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Interpublic Group of Companies in the second quarter worth approximately $26,000. Venture Visionary Partners LLC purchased a new stake in Interpublic Group of Companies during the second quarter valued at approximately $26,000. Concord Wealth Partners increased its stake in shares of Interpublic Group of Companies by 251.5% in the second quarter. Concord Wealth Partners now owns 942 shares of the business services provider’s stock worth $26,000 after purchasing an additional 674 shares in the last quarter. Private Trust Co. NA purchased a new stake in shares of Interpublic Group of Companies in the second quarter worth $36,000. Finally, Ronald Blue Trust Inc. purchased a new position in Interpublic Group of Companies during the second quarter valued at $41,000. Institutional investors own 96.75% of the company’s stock.

Interpublic Group of Companies Trading Up 2.7 %

NYSE IPG opened at $36.25 on Friday. The firm’s 50-day moving average is $33.84 and its two-hundred day moving average is $30.33. The Interpublic Group of Companies, Inc. has a 12 month low of $25.14 and a 12 month high of $39.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $14.08 billion, a P/E ratio of 14.38, a PEG ratio of 3.60 and a beta of 1.08.

Interpublic Group of Companies (NYSE:IPGGet Rating) last posted its earnings results on Friday, October 21st. The business services provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Interpublic Group of Companies had a net margin of 9.18% and a return on equity of 28.78%. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.29 billion. On average, sell-side analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.74 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.20%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.03%.

Analyst Upgrades and Downgrades

IPG has been the subject of several research reports. Bank of America upgraded shares of Interpublic Group of Companies from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $22.00 to $36.00 in a research report on Thursday, January 5th. StockNews.com assumed coverage on shares of Interpublic Group of Companies in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Morgan Stanley raised their price target on shares of Interpublic Group of Companies from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, December 19th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.25.

About Interpublic Group of Companies

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The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data science services.

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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