Czech National Bank Purchases 4,589 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Czech National Bank raised its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,511 shares of the business services provider’s stock after acquiring an additional 4,589 shares during the period. Czech National Bank’s holdings in Interpublic Group of Companies were worth $2,420,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in shares of Interpublic Group of Companies by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock worth $199,063,000 after buying an additional 828,150 shares during the period. Ariel Investments LLC boosted its position in shares of Interpublic Group of Companies by 3.5% during the second quarter. Ariel Investments LLC now owns 5,710,448 shares of the business services provider’s stock valued at $166,117,000 after purchasing an additional 193,898 shares in the last quarter. American Century Companies Inc. grew its stake in Interpublic Group of Companies by 4.8% in the second quarter. American Century Companies Inc. now owns 5,604,984 shares of the business services provider’s stock worth $163,049,000 after purchasing an additional 255,250 shares during the period. Canada Pension Plan Investment Board raised its holdings in Interpublic Group of Companies by 19.8% in the second quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider’s stock worth $158,157,000 after purchasing an additional 899,332 shares in the last quarter. Finally, Fiduciary Management Inc. WI lifted its position in Interpublic Group of Companies by 4.2% during the fourth quarter. Fiduciary Management Inc. WI now owns 3,797,972 shares of the business services provider’s stock valued at $123,966,000 after buying an additional 153,857 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

Shares of IPG opened at $30.66 on Tuesday. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 10.91, a P/E/G ratio of 5.23 and a beta of 1.09. The business’s fifty day simple moving average is $31.24 and its two-hundred day simple moving average is $30.84. 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 current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75.

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

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a dividend yield of 4.31%. Interpublic Group of Companies’s payout ratio is 46.98%.

Analysts Set New Price Targets

IPG has been the subject of several research reports. JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Barclays decreased their target price on shares of Interpublic Group of Companies from $34.00 to $32.50 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Morgan Stanley cut Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $34.00 to $28.00 in a research report on Monday, July 22nd. UBS Group lowered Interpublic Group of Companies from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $34.00 to $29.00 in a research report on Thursday, September 12th. Finally, Macquarie dropped their target price on Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Interpublic Group of Companies currently has an average rating of “Hold” and an average target price of $32.44.

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.