Mirae Asset Global Investments Co. Ltd. Increases Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 1.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,813 shares of the business services provider’s stock after purchasing an additional 3,302 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of Interpublic Group of Companies worth $7,772,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IPG. AQR Capital Management LLC boosted its position in shares of Interpublic Group of Companies by 378.6% in the 3rd quarter. AQR Capital Management LLC now owns 181,749 shares of the business services provider’s stock worth $5,209,000 after purchasing an additional 143,772 shares in the last quarter. iA Global Asset Management Inc. lifted its position in Interpublic Group of Companies by 15.9% during the 3rd quarter. iA Global Asset Management Inc. now owns 7,929 shares of the business services provider’s stock worth $227,000 after acquiring an additional 1,088 shares during the period. Modera Wealth Management LLC lifted its position in Interpublic Group of Companies by 1.0% during the 3rd quarter. Modera Wealth Management LLC now owns 968,156 shares of the business services provider’s stock worth $27,747,000 after acquiring an additional 9,766 shares during the period. American Century Companies Inc. lifted its position in 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 worth $132,852,000 after acquiring an additional 916,574 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new stake in Interpublic Group of Companies during the 3rd quarter worth about $4,446,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on IPG shares. Bank of America lowered their price target on 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. Wells Fargo & Company lowered their price target on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Interpublic Group of Companies currently has a consensus rating of “Hold” and an average target price of $35.00.

Read Our Latest Stock Analysis on IPG

Interpublic Group of Companies Stock Up 0.5 %

Shares of IPG opened at $28.51 on Wednesday. The Interpublic Group of Companies, Inc. has a 52 week low of $27.20 and a 52 week high of $40.90. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 3.01 and a beta of 1.12. The stock’s 50-day moving average price is $30.37 and its 200-day moving average price is $31.52.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, sell-side analysts predict that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.32 dividend on an annualized basis and a yield of 4.63%. Interpublic Group of Companies’s payout ratio is 46.98%.

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.

Read More

Want to see what other hedge funds are holding IPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report).

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.