TCW Group Inc. Acquires 50,592 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

TCW Group Inc. raised its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 107.6% during the second quarter, HoldingsChannel reports. The fund owned 97,595 shares of the business services provider’s stock after purchasing an additional 50,592 shares during the quarter. TCW Group Inc.’s holdings in Interpublic Group of Companies were worth $2,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Voisard Asset Management Group Inc. purchased a new stake in Interpublic Group of Companies during the 4th quarter worth about $31,000. Salomon & Ludwin LLC increased its position in shares of Interpublic Group of Companies by 2,024.6% during the first quarter. Salomon & Ludwin LLC now owns 1,296 shares of the business services provider’s stock valued at $42,000 after buying an additional 1,235 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Interpublic Group of Companies in the first quarter worth about $42,000. MCF Advisors LLC purchased a new stake in shares of Interpublic Group of Companies in the fourth quarter worth about $43,000. Finally, Assetmark Inc. boosted its position in shares of 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 valued at $56,000 after acquiring an additional 368 shares during the period. 98.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on IPG shares. Barclays decreased their target price on shares of Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Macquarie lowered their price objective on 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. Morgan Stanley cut Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $34.00 to $28.00 in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered their price target on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Finally, Wells Fargo & Company dropped their price target on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Interpublic Group of Companies currently has an average rating of “Hold” and a consensus price target of $34.13.

Interpublic Group of Companies Trading Up 0.5 %

Shares of IPG stock opened at $31.22 on Monday. The business has a 50-day moving average price of $29.82 and a two-hundred day moving average price of $31.05. The Interpublic Group of Companies, Inc. has a 12-month low of $27.20 and a 12-month high of $35.17. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. The firm has a market cap of $11.78 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 3.29 and a beta of 1.12.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.33 billion. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. Interpublic Group of Companies’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. Equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.33 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.23%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.98%.

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.