Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC increased its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 26.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 178,973 shares of the business services provider’s stock after purchasing an additional 37,168 shares during the quarter. Moran Wealth Management LLC’s holdings in Interpublic Group of Companies were worth $4,861,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its position in Interpublic Group of Companies by 75.8% in the 4th quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock valued at $31,000 after buying an additional 480 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Interpublic Group of Companies during the first quarter worth about $31,000. OFI Invest Asset Management acquired a new position in shares of Interpublic Group of Companies in the fourth quarter worth about $36,000. Raiffeisen Bank International AG acquired a new position in shares of Interpublic Group of Companies in the fourth quarter worth about $42,000. Finally, FNY Investment Advisers LLC purchased a new position in Interpublic Group of Companies in the first quarter valued at about $44,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IPG has been the topic of several analyst reports. Barclays downgraded Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $34.00 to $27.50 in a report on Wednesday. Citigroup reissued a “buy” rating and set a $35.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. Finally, Wall Street Zen started coverage on shares of Interpublic Group of Companies in a research note on Tuesday, May 20th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.72.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $24.14 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 18.43 and a beta of 1.06. Interpublic Group of Companies, Inc. has a twelve month low of $22.51 and a twelve month high of $33.05. The business has a 50 day simple moving average of $24.24 and a 200-day simple moving average of $26.24.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Thursday, April 24th. The business services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.98 billion. Interpublic Group of Companies had a net margin of 4.69% and a return on equity of 27.21%. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. As a group, equities research analysts expect that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Monday, June 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 100.76%.

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.