GAMMA Investing LLC Buys 6,409 Shares of Interpublic Group of Companies, Inc. (The) $IPG

GAMMA Investing LLC raised its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 202.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,578 shares of the business services provider’s stock after acquiring an additional 6,409 shares during the quarter. GAMMA Investing LLC’s holdings in Interpublic Group of Companies were worth $234,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sentry Investment Management LLC bought a new position in Interpublic Group of Companies in the 1st quarter valued at about $31,000. FNY Investment Advisers LLC bought a new position in Interpublic Group of Companies in the 1st quarter valued at about $44,000. Grove Bank & Trust raised its holdings in Interpublic Group of Companies by 1,219.5% in the 1st quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 2,000 shares during the period. Brooklyn Investment Group raised its holdings in Interpublic Group of Companies by 20.0% in the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 391 shares during the period. Finally, Ancora Advisors LLC bought a new position in Interpublic Group of Companies in the 1st quarter valued at about $102,000. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $26.34 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 22.32 and a beta of 1.09. The firm’s 50 day simple moving average is $26.00 and its 200 day simple moving average is $25.13. Interpublic Group of Companies, Inc. has a 1 year low of $22.51 and a 1 year high of $33.05.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.20. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.15 billion. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. As a group, research analysts expect that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 111.86%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on IPG shares. JPMorgan Chase & Co. lowered their target price on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. UBS Group lowered their target price on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Barclays cut shares of Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $34.00 to $27.50 in a report on Wednesday, June 25th. Finally, Wall Street Zen raised shares of Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $32.01.

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.