Kiker Wealth Management LLC Boosts Stock Holdings in Interpublic Group of Companies, Inc. (The) $IPG

Kiker Wealth Management LLC boosted its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 37.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,534 shares of the business services provider’s stock after buying an additional 7,764 shares during the period. Kiker Wealth Management LLC’s holdings in Interpublic Group of Companies were worth $699,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of Interpublic Group of Companies by 17.6% in the first quarter. Farther Finance Advisors LLC now owns 19,726 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 2,953 shares in the last quarter. CX Institutional purchased a new stake in shares of Interpublic Group of Companies in the first quarter valued at approximately $179,000. Cyndeo Wealth Partners LLC purchased a new stake in shares of Interpublic Group of Companies in the first quarter valued at approximately $7,495,000. Mission Wealth Management LP grew its position in shares of Interpublic Group of Companies by 8.7% in the first quarter. Mission Wealth Management LP now owns 19,506 shares of the business services provider’s stock valued at $530,000 after purchasing an additional 1,564 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Interpublic Group of Companies in the first quarter valued at approximately $44,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies Stock Up 0.0%

NYSE:IPG opened at $26.13 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78. The stock’s fifty day moving average is $26.33 and its two-hundred day moving average is $25.15. Interpublic Group of Companies, Inc. has a 52 week low of $22.51 and a 52 week high of $33.05. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 22.14 and a beta of 1.09.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.20. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%.The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. Research analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Tuesday, September 2nd. Interpublic Group of Companies’s dividend payout ratio is 111.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Interpublic Group of Companies to a “hold” rating in a research report on Saturday, August 16th. Barclays upped their price target on Interpublic Group of Companies from $27.50 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Interpublic Group of Companies in a research report on Wednesday, October 8th. UBS Group lowered their price objective on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.09.

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.