180 Wealth Advisors LLC Invests $211,000 in The Interpublic Group of Companies, Inc. (NYSE:IPG)

180 Wealth Advisors LLC acquired a new position in The Interpublic Group of Companies, Inc. (NYSE:IPG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,465 shares of the business services provider’s stock, valued at approximately $211,000.

Several other large investors also recently added to or reduced their stakes in IPG. Marino Stram & Associates LLC boosted its stake in shares of Interpublic Group of Companies by 1.2% during the 4th quarter. Marino Stram & Associates LLC now owns 26,654 shares of the business services provider’s stock worth $870,000 after acquiring an additional 315 shares during the last quarter. Bleakley Financial Group LLC lifted its position in Interpublic Group of Companies by 4.6% during the fourth quarter. Bleakley Financial Group LLC now owns 7,364 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 327 shares in the last quarter. Simplicity Solutions LLC grew its holdings in Interpublic Group of Companies by 4.6% during the fourth quarter. Simplicity Solutions LLC now owns 7,364 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 327 shares during the period. Assetmark Inc. increased its position in Interpublic Group of Companies by 27.5% in the fourth quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock worth $56,000 after buying an additional 368 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of Interpublic Group of Companies by 16.3% in the fourth quarter. Lindbrook Capital LLC now owns 2,748 shares of the business services provider’s stock worth $90,000 after buying an additional 385 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG opened at $29.09 on Friday. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 3.10 and a beta of 1.13. The firm has a fifty day moving average price of $30.70 and a 200 day moving average price of $31.70. The Interpublic Group of Companies, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $40.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.06.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue was down 1.0% on a year-over-year basis. As a group, sell-side analysts expect that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Tuesday, June 4th. Interpublic Group of Companies’s payout ratio is 46.98%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Bank of America reduced their price objective 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $35.00.

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.