Belpointe Asset Management LLC Invests $273,000 in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Belpointe Asset Management LLC acquired a new position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,359 shares of the business services provider’s stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV grew its stake in Interpublic Group of Companies by 101.9% in the 4th quarter. KBC Group NV now owns 1,068,063 shares of the business services provider’s stock worth $34,862,000 after acquiring an additional 538,935 shares during the period. California State Teachers Retirement System grew its stake in Interpublic Group of Companies by 3.8% in the 4th quarter. California State Teachers Retirement System now owns 631,104 shares of the business services provider’s stock worth $20,599,000 after acquiring an additional 23,297 shares during the period. Lcnb Corp grew its stake in Interpublic Group of Companies by 7.2% in the 4th quarter. Lcnb Corp now owns 11,058 shares of the business services provider’s stock worth $361,000 after acquiring an additional 746 shares during the period. TFO Wealth Partners LLC grew its stake in Interpublic Group of Companies by 13,944.4% in the 4th quarter. TFO Wealth Partners LLC now owns 2,528 shares of the business services provider’s stock worth $83,000 after acquiring an additional 2,510 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in Interpublic Group of Companies by 0.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 181,284 shares of the business services provider’s stock worth $5,917,000 after acquiring an additional 1,652 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies Price Performance

IPG opened at $30.72 on Friday. The company has a 50-day moving average of $31.18 and a 200-day moving average of $31.83. The company has a market capitalization of $11.59 billion, a P/E ratio of 10.93, a PEG ratio of 2.81 and a beta of 1.13. The Interpublic Group of Companies, Inc. has a 1-year low of $27.20 and a 1-year high of $40.95. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.06.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts expect that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio is presently 46.98%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IPG. 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 on the stock in a report on Thursday, April 25th. JPMorgan Chase & Co. decreased their price target on shares of Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.13.

View Our Latest Research Report on IPG

Interpublic Group of Companies Profile

(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.

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

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