Pacer Advisors Inc. Acquires 1,188 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Pacer Advisors Inc. grew its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,319 shares of the business services provider’s stock after buying an additional 1,188 shares during the quarter. Pacer Advisors Inc.’s holdings in Interpublic Group of Companies were worth $795,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IPG. First Trust Advisors LP raised its position in Interpublic Group of Companies by 12.7% during the fourth quarter. First Trust Advisors LP now owns 6,922,608 shares of the business services provider’s stock valued at $225,954,000 after purchasing an additional 777,456 shares during the period. Dimensional Fund Advisors LP increased its position in Interpublic Group of Companies by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock valued at $199,063,000 after acquiring an additional 828,150 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Interpublic Group of Companies by 4.8% in the second quarter. American Century Companies Inc. now owns 5,604,984 shares of the business services provider’s stock valued at $163,049,000 after acquiring an additional 255,250 shares during the period. Ariel Investments LLC lifted its holdings in shares of Interpublic Group of Companies by 2.9% in the 1st quarter. Ariel Investments LLC now owns 5,516,550 shares of the business services provider’s stock worth $180,005,000 after acquiring an additional 154,355 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Interpublic Group of Companies by 19.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider’s stock worth $158,157,000 after purchasing an additional 899,332 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 0.4 %

NYSE IPG opened at $31.62 on Friday. The Interpublic Group of Companies, Inc. has a one year low of $27.20 and a one year high of $35.17. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 5.23 and a beta of 1.10. The company’s 50-day simple moving average is $31.14 and its two-hundred day simple moving average is $30.92.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.33 billion. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. Interpublic Group of Companies’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.74 earnings per share. Equities analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 46.98%.

Analyst Ratings Changes

Several analysts have issued reports on IPG shares. Morgan Stanley downgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $34.00 to $28.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. cut their price objective on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Bank of America cut their price target on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Macquarie lowered their price objective on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.00.

About Interpublic Group of Companies

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.