GAMMA Investing LLC Has $86,000 Stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

GAMMA Investing LLC trimmed its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 20.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,169 shares of the business services provider’s stock after selling 790 shares during the quarter. GAMMA Investing LLC’s holdings in Interpublic Group of Companies were worth $86,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Prosperity Consulting Group LLC grew its stake in Interpublic Group of Companies by 2.3% in the 4th quarter. Prosperity Consulting Group LLC now owns 21,236 shares of the business services provider’s stock valued at $595,000 after purchasing an additional 470 shares during the period. GeoWealth Management LLC grew its stake in Interpublic Group of Companies by 20.7% in the 4th quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 573 shares during the period. Xponance Inc. grew its stake in Interpublic Group of Companies by 1.0% in the 4th quarter. Xponance Inc. now owns 59,844 shares of the business services provider’s stock valued at $1,677,000 after purchasing an additional 587 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Interpublic Group of Companies by 0.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 117,333 shares of the business services provider’s stock valued at $3,288,000 after purchasing an additional 611 shares during the period. Finally, First Citizens Bank & Trust Co. grew its stake in shares of Interpublic Group of Companies by 4.5% during the 1st quarter. First Citizens Bank & Trust Co. now owns 16,098 shares of the business services provider’s stock worth $437,000 after acquiring an additional 690 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IPG shares. Citigroup reiterated a “buy” rating and set a $35.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, April 15th. Barclays cut Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $34.00 to $27.50 in a report on Wednesday, June 25th. Finally, Wall Street Zen assumed coverage on Interpublic Group of Companies in a report on Tuesday, May 20th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.72.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $25.14 on Tuesday. The stock has a 50-day simple moving average of $24.36 and a two-hundred day simple moving average of $25.93. The firm has a market capitalization of $9.30 billion, a P/E ratio of 19.19 and a beta of 1.05. Interpublic Group of Companies, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $33.05. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Interpublic Group of Companies had a return on equity of 27.21% and a net margin of 4.69%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business posted $0.36 EPS. The company’s revenue was down 6.9% on a year-over-year basis. On average, equities analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend was Monday, June 2nd. Interpublic Group of Companies’s dividend payout ratio is currently 100.76%.

Interpublic Group of Companies 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.