Impact Partnership Wealth LLC Acquires 1,748 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Impact Partnership Wealth LLC increased its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 14.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,157 shares of the business services provider’s stock after purchasing an additional 1,748 shares during the period. Impact Partnership Wealth LLC’s holdings in Interpublic Group of Companies were worth $397,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Interpublic Group of Companies during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in Interpublic Group of Companies in the third quarter worth $32,000. EverSource Wealth Advisors LLC increased its stake in Interpublic Group of Companies by 52.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 405 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Interpublic Group of Companies during the third quarter valued at about $60,000. Finally, Trust Co. of Vermont raised its holdings in shares of Interpublic Group of Companies by 250.0% during the third quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 1,500 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG opened at $28.55 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The stock has a market cap of $10.63 billion, a PE ratio of 13.47 and a beta of 1.11. The stock’s fifty day simple moving average is $28.73 and its two-hundred day simple moving average is $30.03. The Interpublic Group of Companies, Inc. has a 1-year low of $26.30 and a 1-year high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the firm earned $0.70 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. As a group, analysts forecast that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.33 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.62%. Interpublic Group of Companies’s dividend payout ratio is currently 62.26%.

Analysts Set New Price Targets

IPG has been the subject of a number of research analyst reports. StockNews.com initiated coverage on Interpublic Group of Companies in a research report on Monday, January 20th. They issued a “hold” rating for the company. Macquarie restated a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target for the company in a research report on Friday, January 10th. Finally, Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $32.00 to $36.00 in a report on Friday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Interpublic Group of Companies 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.