34,174 Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG) Bought by Scientech Research LLC

Scientech Research LLC bought a new position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,174 shares of the business services provider’s stock, valued at approximately $994,000.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in Interpublic Group of Companies by 15.0% during the first quarter. BNP Paribas Financial Markets now owns 989,318 shares of the business services provider’s stock valued at $32,281,000 after purchasing an additional 129,215 shares during the last quarter. Norges Bank bought a new position in Interpublic Group of Companies during the fourth quarter valued at $32,620,000. Alaska Permanent Fund Corp lifted its position in Interpublic Group of Companies by 305.6% during the first quarter. Alaska Permanent Fund Corp now owns 54,129 shares of the business services provider’s stock valued at $1,766,000 after purchasing an additional 40,785 shares during the last quarter. Boston Trust Walden Corp lifted its position in Interpublic Group of Companies by 3.0% during the second quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider’s stock valued at $34,532,000 after purchasing an additional 34,965 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in Interpublic Group of Companies by 68.0% during the first quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider’s stock valued at $3,949,000 after purchasing an additional 48,996 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on IPG. JPMorgan Chase & Co. lowered their price objective on shares of Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. UBS Group downgraded shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and reduced their target price for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. Morgan Stanley downgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $34.00 to $28.00 in a research note on Monday, July 22nd. Macquarie reduced their target price on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Finally, Barclays reduced 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 research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $33.00.

Interpublic Group of Companies Trading Up 0.4 %

IPG stock opened at $31.61 on Friday. The company has a market capitalization of $11.93 billion, a PE ratio of 11.25, a P/E/G ratio of 5.23 and a beta of 1.10. The Interpublic Group of Companies, Inc. has a 12 month low of $27.20 and a 12 month high of $35.17. The firm’s 50-day moving average is $31.10 and its 200 day moving average is $30.93. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06.

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

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.18%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio is presently 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.