City Center Advisors LLC Buys 952 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

City Center Advisors LLC increased its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,369 shares of the business services provider’s stock after purchasing an additional 952 shares during the quarter. City Center Advisors LLC’s holdings in Interpublic Group of Companies were worth $627,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton raised its position in Interpublic Group of Companies by 9.7% in the third quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock worth $131,000 after acquiring an additional 365 shares during the period. Benjamin Edwards Inc. raised its holdings in Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after purchasing an additional 375 shares during the period. Ballentine Partners LLC raised its holdings in Interpublic Group of Companies by 2.9% in the 3rd quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock worth $445,000 after purchasing an additional 399 shares during the period. EverSource Wealth Advisors LLC lifted its position in Interpublic Group of Companies by 52.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 405 shares in the last quarter. Finally, Empirical Finance LLC grew its holdings in Interpublic Group of Companies by 1.3% during the third quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider’s stock valued at $1,031,000 after purchasing an additional 409 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

IPG stock opened at $26.69 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The company’s fifty day moving average price is $29.06 and its 200-day moving average price is $30.10. The Interpublic Group of Companies, Inc. has a one year low of $26.60 and a one year high of $35.17. The company has a market capitalization of $9.94 billion, a PE ratio of 12.59 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting the consensus estimate of $0.70. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. During the same quarter in the previous year, the company earned $0.70 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies’s payout ratio is 62.26%.

Wall Street Analyst Weigh In

Several research firms have recently commented on IPG. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research note on Friday. Barclays decreased their target price on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. Finally, StockNews.com began coverage on shares of Interpublic Group of Companies in a research note on Sunday. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.50.

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.