Van ECK Associates Corp Has $4.39 Million Stock Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Van ECK Associates Corp lifted its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 117.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 134,453 shares of the business services provider’s stock after acquiring an additional 72,559 shares during the period. Van ECK Associates Corp’s holdings in Interpublic Group of Companies were worth $4,387,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp grew its position in shares of Interpublic Group of Companies by 12.1% during the 1st quarter. Bank of New York Mellon Corp now owns 14,096,675 shares of the business services provider’s stock worth $459,975,000 after purchasing an additional 1,516,975 shares in the last quarter. First Trust Advisors LP raised its holdings in Interpublic Group of Companies by 12.7% in the 4th quarter. First Trust Advisors LP now owns 6,922,608 shares of the business services provider’s stock valued at $225,954,000 after acquiring an additional 777,456 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Interpublic Group of Companies by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,150,371 shares of the business services provider’s stock valued at $168,119,000 after acquiring an additional 141,828 shares during the period. American Century Companies Inc. lifted its position in shares of Interpublic Group of Companies by 24.6% during the 3rd quarter. American Century Companies Inc. now owns 4,635,459 shares of the business services provider’s stock valued at $132,852,000 after acquiring an additional 916,574 shares during the period. Finally, Fiduciary Management Inc. WI grew its holdings in shares of Interpublic Group of Companies by 4.2% during the 4th quarter. Fiduciary Management Inc. WI now owns 3,797,972 shares of the business services provider’s stock worth $123,966,000 after purchasing an additional 153,857 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG opened at $28.34 on Friday. The firm has a 50 day simple moving average of $30.43 and a 200 day simple moving average of $31.57. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 3.06 and a beta of 1.12. The Interpublic Group of Companies, Inc. has a one year low of $27.20 and a one year high of $40.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.06 and a quick ratio of 1.06.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.18 billion. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. Interpublic Group of Companies’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. Research analysts predict that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.66%. The ex-dividend date was Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio is currently 46.98%.

Analyst Ratings Changes

IPG has been the topic of several recent analyst reports. Wells Fargo & Company decreased their target price 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. Bank of America lowered their price objective on shares of Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, June 25th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.00.

Check Out Our Latest Report on Interpublic Group of Companies

Interpublic Group of Companies Company 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.

Read More

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

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.