Diversified Trust Co Raises Position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Diversified Trust Co raised its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,908 shares of the business services provider’s stock after purchasing an additional 572 shares during the period. Diversified Trust Co’s holdings in Interpublic Group of Companies were worth $3,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sentry Investment Management LLC purchased a new stake in Interpublic Group of Companies during the first quarter valued at approximately $31,000. OFI Invest Asset Management purchased a new stake in shares of Interpublic Group of Companies in the fourth quarter worth approximately $36,000. Raiffeisen Bank International AG purchased a new stake in shares of Interpublic Group of Companies in the fourth quarter worth approximately $42,000. FNY Investment Advisers LLC purchased a new stake in shares of Interpublic Group of Companies in the first quarter worth approximately $44,000. Finally, Grove Bank & Trust raised its holdings in shares of Interpublic Group of Companies by 1,219.5% in the first quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider’s stock worth $59,000 after buying an additional 2,000 shares during the period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies Trading Up 0.3%

IPG opened at $24.30 on Friday. The stock’s fifty day moving average is $24.26 and its two-hundred day moving average is $26.15. The company has a market capitalization of $8.99 billion, a P/E ratio of 18.55 and a beta of 1.06. Interpublic Group of Companies, Inc. has a 52 week low of $22.51 and a 52 week high of $33.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.98 billion. Interpublic Group of Companies had a return on equity of 27.21% and a net margin of 4.69%. Interpublic Group of Companies’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. Analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.33 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.32 annualized dividend and a yield of 5.43%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 100.76%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen assumed coverage on Interpublic Group of Companies in a report on Tuesday, May 20th. They issued a “hold” rating on the stock. Barclays downgraded Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $34.00 to $27.50 in a report on Wednesday. Finally, Citigroup reiterated a “buy” rating and issued a $35.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.72.

Interpublic Group of Companies 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.