The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 34.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,948 shares of the business services provider’s stock after purchasing an additional 16,748 shares during the quarter. Two Sigma Investments LP’s holdings in Interpublic Group of Companies were worth $1,848,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IPG. Assetmark Inc. increased its holdings in shares of Interpublic Group of Companies by 3.0% in the fourth quarter. Assetmark Inc. now owns 42,496 shares of the business services provider’s stock valued at $1,191,000 after purchasing an additional 1,238 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Interpublic Group of Companies by 69.5% during the fourth quarter. Jones Financial Companies Lllp now owns 7,294 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 2,991 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at approximately $2,325,000. Allworth Financial LP boosted its position in shares of Interpublic Group of Companies by 75.8% during the 4th quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock worth $31,000 after purchasing an additional 480 shares during the period. Finally, LPL Financial LLC increased its holdings in Interpublic Group of Companies by 0.9% in the 4th quarter. LPL Financial LLC now owns 465,454 shares of the business services provider’s stock valued at $13,042,000 after purchasing an additional 4,177 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on IPG shares. Citigroup reissued a “buy” rating and set a $35.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. UBS Group upgraded shares of Interpublic Group of Companies from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $29.00 to $27.00 in a research note on Thursday, February 13th. Argus downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Wall Street Zen initiated coverage on Interpublic Group of Companies in a research report on Tuesday, May 20th. They set a “hold” rating on the stock. Finally, Barclays cut their price target on shares of Interpublic Group of Companies from $36.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Hold” and an average price target of $33.44.

Interpublic Group of Companies Price Performance

Shares of IPG opened at $22.88 on Tuesday. The firm has a market capitalization of $8.46 billion, a PE ratio of 12.50 and a beta of 1.09. The stock’s 50 day moving average is $24.70 and its two-hundred day moving average is $26.92. The Interpublic Group of Companies, Inc. has a twelve month low of $22.51 and a twelve month high of $33.05. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.98 billion. Interpublic Group of Companies had a net margin of 6.45% and a return on equity of 27.10%. The business’s revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 EPS. Research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies declared that its board has authorized a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $155.00 million in shares. This buyback authorization authorizes the business services provider to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Interpublic Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.33 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 5.77%. Interpublic Group of Companies’s payout ratio is 100.76%.

Interpublic Group of Companies Company Profile

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.