TFO Wealth Partners LLC Has $83,000 Stock Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

TFO Wealth Partners LLC lifted its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 13,944.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,528 shares of the business services provider’s stock after purchasing an additional 2,510 shares during the quarter. TFO Wealth Partners LLC’s holdings in Interpublic Group of Companies were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new position in Interpublic Group of Companies in the fourth quarter worth $29,000. Tobam boosted its position in shares of Interpublic Group of Companies by 2,340.0% during the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 1,053 shares in the last quarter. MCF Advisors LLC bought a new stake in Interpublic Group of Companies in the fourth quarter valued at about $43,000. Assetmark Inc. raised its position 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 worth $56,000 after purchasing an additional 368 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Interpublic Group of Companies by 46.1% during the fourth quarter. Blue Trust Inc. now owns 2,210 shares of the business services provider’s stock worth $72,000 after purchasing an additional 697 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Interpublic Group of Companies Price Performance

Interpublic Group of Companies stock opened at $30.77 on Thursday. The Interpublic Group of Companies, Inc. has a 52 week low of $27.20 and a 52 week high of $40.95. The firm has a market cap of $11.61 billion, a P/E ratio of 10.95, a P/E/G ratio of 2.83 and a beta of 1.13. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.06. The business’s fifty day moving average is $31.25 and its two-hundred day moving average is $31.83.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.18 billion. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. Equities research analysts forecast 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio is currently 46.98%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on IPG shares. JPMorgan Chase & Co. lowered their price objective on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Wells Fargo & Company lowered their price target on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.13.

Check Out Our Latest Report on Interpublic Group of Companies

About Interpublic Group of Companies

(Free Report)

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.

See Also

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

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