Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC grew its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 26.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 178,973 shares of the business services provider’s stock after buying an additional 37,168 shares during the period. Moran Wealth Management LLC’s holdings in Interpublic Group of Companies were worth $4,861,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. boosted its stake in shares of Interpublic Group of Companies by 2.4% during the first quarter. Asset Management One Co. Ltd. now owns 153,830 shares of the business services provider’s stock valued at $4,178,000 after acquiring an additional 3,547 shares during the last quarter. Nilsine Partners LLC purchased a new position in Interpublic Group of Companies in the 1st quarter valued at about $276,000. Praxis Investment Management Inc. acquired a new stake in shares of Interpublic Group of Companies during the 1st quarter worth about $560,000. Avior Wealth Management LLC boosted its position in Interpublic Group of Companies by 350.7% during the first quarter. Avior Wealth Management LLC now owns 8,798 shares of the business services provider’s stock worth $239,000 after acquiring an additional 6,846 shares during the last quarter. Finally, Centennial Wealth Advisory LLC boosted its holdings in shares of Interpublic Group of Companies by 15.0% during the first quarter. Centennial Wealth Advisory LLC now owns 14,296 shares of the business services provider’s stock worth $388,000 after purchasing an additional 1,866 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IPG. Citigroup reiterated a “buy” rating and set a $35.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, April 15th. Wall Street Zen assumed coverage on shares of Interpublic Group of Companies in a research report on Tuesday, May 20th. They set a “hold” rating for the company. 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 report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.72.

Interpublic Group of Companies Price Performance

Interpublic Group of Companies stock opened at $24.14 on Thursday. The firm has a fifty day moving average of $24.24 and a 200-day moving average of $26.24. Interpublic Group of Companies, Inc. has a 52-week low of $22.51 and a 52-week high of $33.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $8.93 billion, a P/E ratio of 18.43 and a beta of 1.06.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm earned $0.36 EPS. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. As a group, analysts predict that Interpublic Group of Companies, Inc. will post 2.66 EPS 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 paid a $0.33 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.47%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 100.76%.

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.