DekaBank Deutsche Girozentrale Has $3.47 Million Stake in Interpublic Group of Companies, Inc. (The) $IPG

DekaBank Deutsche Girozentrale reduced its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 22.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 143,481 shares of the business services provider’s stock after selling 41,206 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Interpublic Group of Companies were worth $3,468,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. boosted its stake in Interpublic Group of Companies by 2.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 153,830 shares of the business services provider’s stock valued at $4,178,000 after purchasing an additional 3,547 shares during the last quarter. Diversified Trust Co grew its position in shares of Interpublic Group of Companies by 0.5% during the 1st quarter. Diversified Trust Co now owns 119,908 shares of the business services provider’s stock valued at $3,257,000 after purchasing an additional 572 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Interpublic Group of Companies by 9.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 357,374 shares of the business services provider’s stock worth $9,395,000 after acquiring an additional 30,288 shares in the last quarter. Centerline Wealth Advisors LLC purchased a new position in Interpublic Group of Companies in the first quarter worth $982,000. Finally, Elevated Capital Advisors LLC lifted its stake in Interpublic Group of Companies by 3.9% in the first quarter. Elevated Capital Advisors LLC now owns 29,680 shares of the business services provider’s stock worth $806,000 after purchasing an additional 1,101 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $27.04 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. 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 market cap of $9.90 billion, a PE ratio of 22.91 and a beta of 1.09. The business has a 50-day simple moving average of $26.63 and a two-hundred day simple moving average of $25.30.

Interpublic Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.9%. Interpublic Group of Companies’s dividend payout ratio is 111.86%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group cut their price objective on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Zacks Research downgraded shares of Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Wall Street Zen upgraded shares of Interpublic Group of Companies to a “hold” rating in a research report on Saturday, August 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interpublic Group of Companies in a research note on Saturday. Finally, Barclays lifted their price objective on shares of Interpublic Group of Companies from $27.50 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.27.

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.