Elevated Capital Advisors LLC Makes New Investment in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Elevated Capital Advisors LLC purchased a new stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 21,494 shares of the business services provider’s stock, valued at approximately $625,000.

Several other institutional investors have also recently made changes to their positions in the business. UMB Bank n.a. raised its position in Interpublic Group of Companies by 3.5% in the first quarter. UMB Bank n.a. now owns 9,607 shares of the business services provider’s stock worth $313,000 after acquiring an additional 321 shares during the period. Legacy Wealth Asset Management LLC grew its stake in Interpublic Group of Companies by 3.3% during the first quarter. Legacy Wealth Asset Management LLC now owns 10,923 shares of the business services provider’s stock valued at $356,000 after acquiring an additional 347 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in Interpublic Group of Companies by 8.4% in the 1st quarter. Richardson Financial Services Inc. now owns 4,530 shares of the business services provider’s stock worth $148,000 after purchasing an additional 350 shares in the last quarter. Assetmark Inc. grew its position in shares of Interpublic Group of Companies by 27.5% during the fourth quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 368 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Interpublic Group of Companies by 2.2% in the second quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock worth $494,000 after purchasing an additional 382 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on IPG shares. Morgan Stanley lowered Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $34.00 to $28.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. cut their target price on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Macquarie cut their price objective on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Bank of America dropped their price target on shares of Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, June 25th. Finally, Barclays reduced their price objective on shares of Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.13.

Interpublic Group of Companies Stock Up 0.7 %

Interpublic Group of Companies stock opened at $32.61 on Tuesday. The Interpublic Group of Companies, Inc. has a twelve month low of $27.20 and a twelve month high of $35.17. The business has a fifty day moving average of $30.28 and a two-hundred day moving average of $31.03. The firm has a market cap of $12.31 billion, a P/E ratio of 11.60, a P/E/G ratio of 3.44 and a beta of 1.12. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the business earned $0.74 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. On average, analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.05%. The ex-dividend date is Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio is currently 46.98%.

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.