15,746 Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG) Acquired by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC bought a new position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,746 shares of the business services provider’s stock, valued at approximately $441,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton boosted its stake in shares of Interpublic Group of Companies by 9.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock worth $131,000 after acquiring an additional 365 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 375 shares during the period. Ballentine Partners LLC increased its stake in Interpublic Group of Companies by 2.9% in the 3rd quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock worth $445,000 after purchasing an additional 399 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Interpublic Group of Companies by 52.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $38,000 after buying an additional 405 shares during the period. Finally, Empirical Finance LLC boosted its holdings in shares of Interpublic Group of Companies by 1.3% in the third quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider’s stock worth $1,031,000 after buying an additional 409 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Down 0.2 %

IPG stock opened at $27.84 on Friday. The firm has a market cap of $10.37 billion, a PE ratio of 13.13 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a 1 year low of $26.30 and a 1 year high of $35.17. The company has a fifty day simple moving average of $28.83 and a 200 day simple moving average of $30.05. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the prior year, the company posted $0.70 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. Sell-side analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.74%. Interpublic Group of Companies’s payout ratio is presently 62.26%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IPG shares. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. cut 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 research report on Tuesday, October 1st. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Macquarie restated a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Finally, StockNews.com initiated coverage on Interpublic Group of Companies in a report on Sunday, January 12th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $32.50.

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.