Diversified Trust Co Boosts Stock Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Diversified Trust Co grew its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 17.1% in the first quarter, Holdings Channel reports. The institutional investor owned 109,048 shares of the business services provider’s stock after purchasing an additional 15,947 shares during the period. Diversified Trust Co’s holdings in Interpublic Group of Companies were worth $3,558,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IPG. Norges Bank purchased a new position in shares of Interpublic Group of Companies during the fourth quarter worth about $32,620,000. American Century Companies Inc. grew its stake in Interpublic Group of Companies by 24.6% during the 3rd quarter. American Century Companies Inc. now owns 4,635,459 shares of the business services provider’s stock worth $132,852,000 after buying an additional 916,574 shares during the last quarter. First Trust Advisors LP increased its position in Interpublic Group of Companies by 12.7% during the fourth quarter. First Trust Advisors LP now owns 6,922,608 shares of the business services provider’s stock worth $225,954,000 after buying an additional 777,456 shares during the period. Qube Research & Technologies Ltd lifted its stake in Interpublic Group of Companies by 212.9% in the third quarter. Qube Research & Technologies Ltd now owns 827,224 shares of the business services provider’s stock valued at $23,708,000 after buying an additional 562,823 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Interpublic Group of Companies by 101.9% in the fourth quarter. KBC Group NV now owns 1,068,063 shares of the business services provider’s stock valued at $34,862,000 after acquiring an additional 538,935 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of IPG opened at $28.08 on Tuesday. The firm has a market capitalization of $10.60 billion, a PE ratio of 9.99, a P/E/G ratio of 3.09 and a beta of 1.12. The stock’s 50 day moving average is $30.64 and its two-hundred day moving average is $31.67. The Interpublic Group of Companies, Inc. has a twelve month low of $27.20 and a twelve month high of $40.90. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. Interpublic Group of Companies’s quarterly revenue was down 1.0% on a year-over-year basis. Research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.70%. The ex-dividend date was Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.98%.

Wall Street Analysts Forecast Growth

IPG has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Bank of America lowered their target price on Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.00.

About Interpublic Group of Companies

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.