International Private Wealth Advisors LLC Has $275,000 Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

International Private Wealth Advisors LLC raised its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 7.5% in the 1st quarter, HoldingsChannel reports. The fund owned 10,133 shares of the business services provider’s stock after purchasing an additional 711 shares during the period. International Private Wealth Advisors LLC’s holdings in Interpublic Group of Companies were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Tounjian Advisory Partners LLC acquired a new position in shares of Interpublic Group of Companies in the first quarter valued at $934,000. Farther Finance Advisors LLC increased its holdings in Interpublic Group of Companies by 17.6% in the 1st quarter. Farther Finance Advisors LLC now owns 19,726 shares of the business services provider’s stock valued at $515,000 after buying an additional 2,953 shares during the period. First Citizens Bank & Trust Co. raised its stake in shares of Interpublic Group of Companies by 4.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 16,098 shares of the business services provider’s stock valued at $437,000 after buying an additional 690 shares in the last quarter. Curat Global LLC bought a new position in shares of Interpublic Group of Companies during the 1st quarter worth about $318,000. Finally, Sentry Investment Management LLC bought a new position in shares of Interpublic Group of Companies during the 1st quarter worth about $31,000. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 1.8%

Shares of IPG opened at $23.07 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 12.61 and a beta of 1.06. The stock has a fifty day moving average price of $24.42 and a two-hundred day moving average price of $26.77. The Interpublic Group of Companies, Inc. has a 52-week low of $22.51 and a 52-week high of $33.05.

Interpublic Group of Companies (NYSE:IPG) last released 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. Interpublic Group of Companies had a return on equity of 27.10% and a net margin of 6.45%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the business posted $0.36 earnings per share. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. Analysts predict that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies declared that its board has initiated a stock repurchase program on Wednesday, February 12th that permits the company to buyback $155.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date is Monday, June 2nd. Interpublic Group of Companies’s dividend payout ratio is currently 100.76%.

Analysts Set New Price Targets

IPG has been the topic of a number of analyst reports. Barclays lowered their target price 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. Argus lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. UBS Group upgraded Interpublic Group of Companies from a “sell” rating to a “neutral” rating and cut their target price for the stock from $29.00 to $27.00 in a research report on Thursday, February 13th. Wall Street Zen started coverage on Interpublic Group of Companies in a research report on Tuesday, May 20th. They issued a “hold” rating on the stock. Finally, Citigroup restated a “buy” rating and issued a $35.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus price target of $33.44.

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.