Tower Research Capital LLC TRC Increases Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Tower Research Capital LLC TRC increased its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 92.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,632 shares of the business services provider’s stock after purchasing an additional 29,074 shares during the period. Tower Research Capital LLC TRC’s holdings in Interpublic Group of Companies were worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new position in Interpublic Group of Companies in the 4th quarter valued at about $29,000. Tobam raised its stake in shares of Interpublic Group of Companies by 2,340.0% in the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 1,053 shares in the last quarter. MCF Advisors LLC acquired a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at about $43,000. Assetmark Inc. raised its stake in shares of Interpublic Group of Companies by 27.5% in the 4th quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 368 shares in the last quarter. Finally, Blue Trust Inc. raised 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 acquiring an additional 697 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies Trading Down 0.1 %

Interpublic Group of Companies stock opened at $30.72 on Monday. The firm has a 50 day simple moving average of $31.18 and a 200-day simple moving average of $31.85. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $11.59 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 2.81 and a beta of 1.13. The Interpublic Group of Companies, Inc. has a 12-month low of $27.20 and a 12-month high of $40.95.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The business’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. As a group, equities research 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company dropped their price objective 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $35.13.

Get 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.

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

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