Public Employees Retirement System of Ohio Has $2.94 Million Position in Interpublic Group of Companies, Inc. (The) $IPG

Public Employees Retirement System of Ohio lifted its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 5.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 120,189 shares of the business services provider’s stock after acquiring an additional 5,696 shares during the period. Public Employees Retirement System of Ohio’s holdings in Interpublic Group of Companies were worth $2,942,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IPG. Wealth Enhancement Advisory Services LLC lifted its position in shares of Interpublic Group of Companies by 22.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 59,373 shares of the business services provider’s stock valued at $1,664,000 after acquiring an additional 10,725 shares during the period. GAMMA Investing LLC lifted its position in shares of Interpublic Group of Companies by 2,074.0% during the 1st quarter. GAMMA Investing LLC now owns 86,070 shares of the business services provider’s stock valued at $23,380,000 after acquiring an additional 82,111 shares during the period. Rhumbline Advisers lifted its position in shares of Interpublic Group of Companies by 14.0% during the 1st quarter. Rhumbline Advisers now owns 800,856 shares of the business services provider’s stock valued at $21,751,000 after acquiring an additional 98,384 shares during the period. Czech National Bank lifted its position in shares of Interpublic Group of Companies by 5.9% during the 1st quarter. Czech National Bank now owns 85,560 shares of the business services provider’s stock valued at $2,324,000 after acquiring an additional 4,792 shares during the period. Finally, NBC Securities Inc. lifted its position in shares of Interpublic Group of Companies by 106,420.0% during the 1st quarter. NBC Securities Inc. now owns 5,326 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 5,321 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $26.49 on Thursday. Interpublic Group of Companies, Inc. has a 1 year low of $22.51 and a 1 year high of $33.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 22.45 and a beta of 1.09. The company has a fifty day moving average price of $26.10 and a 200-day moving average price of $25.16.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.20. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s revenue was down 6.6% compared to the same quarter last year. As a group, equities research analysts predict that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.33 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. Interpublic Group of Companies’s dividend payout ratio is presently 111.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Interpublic Group of Companies to a “hold” rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. decreased their price target on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. UBS Group decreased their price target on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Finally, Barclays lowered shares of Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $34.00 to $27.50 in a research note on Wednesday, June 25th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Interpublic Group of Companies currently has a consensus rating of “Hold” and an average price target of $32.01.

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.