Fort Washington Investment Advisors Inc. OH Buys 45,894 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Fort Washington Investment Advisors Inc. OH raised its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,030,630 shares of the business services provider’s stock after purchasing an additional 45,894 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.28% of Interpublic Group of Companies worth $28,878,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. grew its stake in shares of Interpublic Group of Companies by 4.5% in the second quarter. Pacer Advisors Inc. now owns 27,319 shares of the business services provider’s stock valued at $795,000 after acquiring an additional 1,188 shares in the last quarter. Ensign Peak Advisors Inc boosted its stake in shares of Interpublic Group of Companies by 4.0% in the second quarter. Ensign Peak Advisors Inc now owns 167,945 shares of the business services provider’s stock valued at $4,886,000 after buying an additional 6,425 shares during the period. Profund Advisors LLC increased its stake in Interpublic Group of Companies by 16.3% during the 2nd quarter. Profund Advisors LLC now owns 12,279 shares of the business services provider’s stock worth $357,000 after acquiring an additional 1,720 shares during the period. ProShare Advisors LLC raised its holdings in Interpublic Group of Companies by 4.5% in the 2nd quarter. ProShare Advisors LLC now owns 70,307 shares of the business services provider’s stock valued at $2,045,000 after acquiring an additional 3,015 shares in the last quarter. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of Interpublic Group of Companies during the 2nd quarter valued at $371,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IPG. Macquarie reissued a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Friday, January 10th. Finally, StockNews.com began coverage on Interpublic Group of Companies in a research note on Monday. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus target price of $32.50.

Interpublic Group of Companies Stock Up 0.0 %

Shares of Interpublic Group of Companies stock opened at $28.22 on Thursday. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of 13.31 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a one year low of $26.30 and a one year high of $35.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50-day moving average is $28.77 and its 200 day moving average is $30.05.

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

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 4.68%. Interpublic Group of Companies’s payout ratio is 62.26%.

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.