Interpublic Group of Companies, Inc. (The) $IPG Shares Acquired by Private Trust Co. NA

Private Trust Co. NA lifted its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 22.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,606 shares of the business services provider’s stock after buying an additional 485 shares during the period. Private Trust Co. NA’s holdings in Interpublic Group of Companies were worth $64,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IPG. Brooklyn Investment Group raised its stake in shares of Interpublic Group of Companies by 20.0% during the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock worth $64,000 after buying an additional 391 shares during the period. Private Wealth Asset Management LLC raised its stake in Interpublic Group of Companies by 10.9% in the 2nd quarter. Private Wealth Asset Management LLC now owns 4,060 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 400 shares during the last quarter. Ancora Advisors LLC acquired a new position in Interpublic Group of Companies in the 1st quarter valued at $102,000. Richardson Financial Services Inc. raised its stake in Interpublic Group of Companies by 18.7% in the 1st quarter. Richardson Financial Services Inc. now owns 4,136 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 651 shares during the last quarter. Finally, Y.D. More Investments Ltd raised its stake in Interpublic Group of Companies by 14.5% in the 1st quarter. Y.D. More Investments Ltd now owns 4,579 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 579 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on IPG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Interpublic Group of Companies in a research note on Wednesday, October 8th. UBS Group reduced 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. Zacks Research downgraded Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. reduced their price objective on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Finally, Wall Street Zen raised Interpublic Group of Companies to a “hold” rating in a research note on Saturday, August 16th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Interpublic Group of Companies has an average rating of “Hold” and a consensus target price of $32.27.

Interpublic Group of Companies Stock Down 0.8%

Shares of NYSE:IPG opened at $27.55 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average of $26.61 and a two-hundred day moving average of $25.25. The stock has a market cap of $10.09 billion, a P/E ratio of 23.34 and a beta of 1.09. 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 issued its earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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%.The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 EPS. On average, research analysts expect that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. Interpublic Group of Companies’s dividend payout ratio is currently 111.86%.

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.