497,484 Shares in Interpublic Group of Companies, Inc. (The) $IPG Purchased by Ruffer LLP

Ruffer LLP acquired a new position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 497,484 shares of the business services provider’s stock, valued at approximately $12,178,000.

Several other large investors have also made changes to their positions in IPG. Sentry Investment Management LLC acquired a new position in shares of Interpublic Group of Companies during the 1st quarter worth about $31,000. FNY Investment Advisers LLC acquired a new position in shares of Interpublic Group of Companies during the 1st quarter worth about $44,000. Grove Bank & Trust raised its holdings in Interpublic Group of Companies by 1,219.5% in the 1st quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 2,000 shares in the last quarter. Brooklyn Investment Group raised its holdings in Interpublic Group of Companies by 20.0% in the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 391 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new position in Interpublic Group of Companies in the 1st quarter valued at approximately $102,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

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

Interpublic Group of Companies Stock Up 1.0%

NYSE IPG opened at $26.33 on Thursday. The firm has a market cap of $9.64 billion, a PE ratio of 22.31 and a beta of 1.09. Interpublic Group of Companies, Inc. has a one year low of $22.51 and a one year high of $33.05. The stock’s 50 day simple moving average is $25.92 and its 200 day simple moving average is $25.16. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07.

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

Interpublic Group of Companies Dividend Announcement

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

Interpublic Group of Companies 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.