First Citizens Bank & Trust Co. Acquires 465 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

First Citizens Bank & Trust Co. increased its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,633 shares of the business services provider’s stock after acquiring an additional 465 shares during the period. First Citizens Bank & Trust Co.’s holdings in Interpublic Group of Companies were worth $526,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. BNP Paribas Financial Markets boosted its position in Interpublic Group of Companies by 15.0% in the 1st quarter. BNP Paribas Financial Markets now owns 989,318 shares of the business services provider’s stock valued at $32,281,000 after buying an additional 129,215 shares during the last quarter. Boston Trust Walden Corp boosted its position in Interpublic Group of Companies by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider’s stock valued at $34,532,000 after buying an additional 34,965 shares during the last quarter. Tidal Investments LLC boosted its position in Interpublic Group of Companies by 68.0% in the 1st quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider’s stock valued at $3,949,000 after buying an additional 48,996 shares during the last quarter. SG Americas Securities LLC boosted its position in Interpublic Group of Companies by 176.5% in the 2nd quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider’s stock valued at $7,403,000 after buying an additional 162,468 shares during the last quarter. Finally, FORA Capital LLC bought a new position in Interpublic Group of Companies in the 1st quarter valued at $2,061,000. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IPG has been the topic of a number of recent research reports. BNP Paribas lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. Barclays cut their price target on Interpublic Group of Companies from $34.00 to $32.50 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Bank of America cut their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Morgan Stanley downgraded Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $34.00 to $28.00 in a research note on Monday, July 22nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.44.

Interpublic Group of Companies Stock Performance

Shares of Interpublic Group of Companies stock opened at $32.03 on Monday. The company has a market capitalization of $12.09 billion, a PE ratio of 11.40, a PEG ratio of 5.18 and a beta of 1.09. 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. The stock’s fifty day simple moving average is $31.39 and its 200 day simple moving average is $30.77.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data 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 business had revenue of $2.71 billion for 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%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. On average, research analysts predict that The Interpublic Group of Companies, Inc. will post 2.83 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. Investors of record on Tuesday, September 3rd were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Tuesday, September 3rd. Interpublic Group of Companies’s payout ratio is presently 46.98%.

Interpublic Group of Companies Company Profile

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.