Interpublic Group of Companies, Inc. (The) $IPG Shares Bought by Sendero Wealth Management LLC

Sendero Wealth Management LLC grew its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 16.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,297 shares of the business services provider’s stock after buying an additional 1,425 shares during the period. Sendero Wealth Management LLC’s holdings in Interpublic Group of Companies were worth $252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in Interpublic Group of Companies during the first quarter worth $1,480,000. Sound Income Strategies LLC grew its holdings in shares of Interpublic Group of Companies by 5.6% during the 2nd quarter. Sound Income Strategies LLC now owns 457,333 shares of the business services provider’s stock worth $11,196,000 after purchasing an additional 24,258 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of 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 worth $4,178,000 after purchasing an additional 3,547 shares during the period. State of Alaska Department of Revenue increased its position in shares of Interpublic Group of Companies by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 43,655 shares of the business services provider’s stock worth $1,185,000 after purchasing an additional 1,170 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Interpublic Group of Companies by 49.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider’s stock valued at $231,138,000 after buying an additional 2,797,490 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on IPG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interpublic Group of Companies in a research note on Saturday, September 27th. JPMorgan Chase & Co. lowered their price objective on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Wall Street Zen upgraded shares of Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Barclays cut Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $34.00 to $27.50 in a research note on Wednesday, June 25th. Finally, UBS Group dropped their price objective on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.01.

Interpublic Group of Companies Stock Up 0.9%

Shares of NYSE IPG opened at $26.51 on Monday. The stock has a market cap of $9.71 billion, a P/E ratio of 22.46 and a beta of 1.09. The business’s fifty day simple moving average is $26.11 and its 200-day simple moving average is $25.14. Interpublic Group of Companies, Inc. has a 12-month low of $22.51 and a 12-month high of $33.05. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.20. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate 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 was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 EPS. As a group, equities analysts predict that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.0%. The ex-dividend date was Tuesday, September 2nd. Interpublic Group of Companies’s payout ratio is 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.