Spectrum Management Group Inc. Increases Stock Position in Interpublic Group of Companies Inc (NYSE:IPG)

Spectrum Management Group Inc. increased its position in Interpublic Group of Companies Inc (NYSE:IPG) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,970 shares of the business services provider’s stock after purchasing an additional 4,520 shares during the quarter. Interpublic Group of Companies accounts for 0.8% of Spectrum Management Group Inc.’s portfolio, making the stock its 24th largest position. Spectrum Management Group Inc.’s holdings in Interpublic Group of Companies were worth $2,936,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brand Asset Management Group Inc. lifted its position in shares of Interpublic Group of Companies by 106.6% in the first quarter. Brand Asset Management Group Inc. now owns 942 shares of the business services provider’s stock worth $51,000 after purchasing an additional 486 shares in the last quarter. Coastal Capital Group Inc. bought a new position in shares of Interpublic Group of Companies during the second quarter valued at $26,000. Marino Stram & Associates LLC bought a new position in shares of Interpublic Group of Companies in the first quarter valued at about $30,000. Bremer Bank National Association bought a new position in shares of Interpublic Group of Companies in the first quarter valued at about $35,000. Finally, Coastal Investment Advisors Inc. bought a new position in shares of Interpublic Group of Companies in the second quarter valued at about $43,000. Institutional investors and hedge funds own 98.86% of the company’s stock.

Shares of IPG stock traded up $0.40 on Friday, hitting $19.97. 106,818 shares of the company’s stock were exchanged, compared to its average volume of 3,501,375. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market cap of $8.06 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 2.34 and a beta of 1.06. Interpublic Group of Companies Inc has a 12 month low of $19.56 and a 12 month high of $25.10. The company has a 50 day moving average of $22.49 and a 200 day moving average of $22.37.



Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, July 23rd. The business services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. Interpublic Group of Companies had a return on equity of 32.03% and a net margin of 6.46%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter last year, the firm posted $0.43 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts predict that Interpublic Group of Companies Inc will post 1.89 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.94 dividend on an annualized basis and a yield of 4.71%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 50.54%.

In other Interpublic Group of Companies news, CEO Michael Isor Roth sold 431,594 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $23.08, for a total transaction of $9,961,189.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director H John Greeniaus sold 44,396 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $23.02, for a total value of $1,021,995.92. The disclosure for this sale can be found here. Insiders own 1.09% of the company’s stock.

A number of research firms recently issued reports on IPG. Zacks Investment Research cut Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a report on Wednesday, July 3rd. Bank of America upgraded Interpublic Group of Companies from an “underperform” rating to a “neutral” rating in a research report on Wednesday, July 10th. ValuEngine lowered Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets decreased their target price on Interpublic Group of Companies from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus price target of $25.71.

Interpublic Group of Companies Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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