Sanctuary Advisors LLC Makes New Investment in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Sanctuary Advisors LLC purchased a new position in The Interpublic Group of Companies, Inc. (NYSE:IPG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,470 shares of the business services provider’s stock, valued at approximately $1,462,000.

Several other institutional investors have also added to or reduced their stakes in IPG. Benjamin Edwards Inc. boosted its holdings in Interpublic Group of Companies by 73.8% in the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after acquiring an additional 375 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in Interpublic Group of Companies by 652.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock worth $30,000 after acquiring an additional 900 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new stake in Interpublic Group of Companies in the fourth quarter worth about $31,000. International Assets Investment Management LLC acquired a new stake in Interpublic Group of Companies in the second quarter worth about $32,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Interpublic Group of Companies by 52.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $38,000 after acquiring an additional 405 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. BNP Paribas downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Barclays decreased their target price on Interpublic Group of Companies from $34.00 to $32.50 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Finally, Morgan Stanley downgraded Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $34.00 to $28.00 in a report on Monday, July 22nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Interpublic Group of Companies currently has a consensus rating of “Hold” and a consensus target price of $32.44.

Interpublic Group of Companies Trading Up 0.5 %

Shares of NYSE:IPG opened at $31.02 on Thursday. 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 market capitalization of $11.71 billion, a PE ratio of 11.02, a PEG ratio of 5.23 and a beta of 1.09. The business has a 50 day moving average of $31.21 and a two-hundred day moving average of $30.81. 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 announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating 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 revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. As a group, analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) 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.