Kiker Wealth Management LLC Boosts Stock Position in Interpublic Group of Companies, Inc. (The) $IPG

Kiker Wealth Management LLC raised its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 37.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,534 shares of the business services provider’s stock after purchasing an additional 7,764 shares during the quarter. Kiker Wealth Management LLC’s holdings in Interpublic Group of Companies were worth $699,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Yousif Capital Management LLC grew its stake in Interpublic Group of Companies by 0.9% during the 2nd quarter. Yousif Capital Management LLC now owns 51,519 shares of the business services provider’s stock valued at $1,261,000 after purchasing an additional 471 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Interpublic Group of Companies by 19.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 22,839 shares of the business services provider’s stock valued at $574,000 after buying an additional 3,716 shares during the period. CWM LLC lifted its holdings in shares of Interpublic Group of Companies by 0.6% in the 2nd quarter. CWM LLC now owns 91,669 shares of the business services provider’s stock valued at $2,244,000 after buying an additional 539 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Interpublic Group of Companies in the 2nd quarter valued at about $2,445,000. Finally, Callan Family Office LLC acquired a new position in shares of Interpublic Group of Companies in the 2nd quarter valued at about $255,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $26.13 on Tuesday. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 22.14 and a beta of 1.09. Interpublic Group of Companies, Inc. has a twelve month low of $22.51 and a twelve 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. The stock has a 50-day moving average of $26.33 and a 200 day moving average of $25.15.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.20. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.1%. The ex-dividend date was Tuesday, September 2nd. Interpublic Group of Companies’s payout ratio is 111.86%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IPG. UBS Group decreased their price objective 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. JPMorgan Chase & Co. decreased their price objective 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. Barclays boosted their price objective on Interpublic Group of Companies from $27.50 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Wall Street Zen raised Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interpublic Group of Companies in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Interpublic Group of Companies currently has a consensus rating of “Hold” and an average target price of $32.09.

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.