SageView Advisory Group LLC Has $545,000 Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

SageView Advisory Group LLC boosted its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,375 shares of the business services provider’s stock after buying an additional 582 shares during the quarter. SageView Advisory Group LLC’s holdings in Interpublic Group of Companies were worth $545,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Marino Stram & Associates LLC increased its position in Interpublic Group of Companies by 1.2% during the fourth quarter. Marino Stram & Associates LLC now owns 26,654 shares of the business services provider’s stock worth $870,000 after buying an additional 315 shares during the last quarter. Bleakley Financial Group LLC increased its position in Interpublic Group of Companies by 4.6% during the fourth quarter. Bleakley Financial Group LLC now owns 7,364 shares of the business services provider’s stock worth $240,000 after buying an additional 327 shares during the last quarter. Simplicity Solutions LLC increased its position in Interpublic Group of Companies by 4.6% during the fourth quarter. Simplicity Solutions LLC now owns 7,364 shares of the business services provider’s stock worth $240,000 after buying an additional 327 shares during the last quarter. Assetmark Inc. increased its position in Interpublic Group of Companies by 27.5% during the fourth quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock worth $56,000 after buying an additional 368 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in shares of Interpublic Group of Companies by 16.3% during the fourth quarter. Lindbrook Capital LLC now owns 2,748 shares of the business services provider’s stock worth $90,000 after acquiring an additional 385 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

Shares of IPG stock opened at $29.58 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The stock has a market cap of $11.16 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 2.69 and a beta of 1.13. The stock has a 50 day simple moving average of $30.90 and a 200 day simple moving average of $31.81. The Interpublic Group of Companies, Inc. has a 1 year low of $27.20 and a 1 year high of $40.90.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. On average, research analysts predict that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 46.98%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reduced their price objective on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.13.

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.