Lloyd Advisory Services LLC. Takes Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Lloyd Advisory Services LLC. acquired a new stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,045 shares of the business services provider’s stock, valued at approximately $752,000.

Several other large investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Interpublic Group of Companies during the fourth quarter worth approximately $29,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Interpublic Group of Companies during the fourth quarter worth approximately $31,000. Tobam raised its stake in shares of Interpublic Group of Companies by 2,340.0% during the fourth quarter. Tobam now owns 1,098 shares of the business services provider’s stock worth $36,000 after purchasing an additional 1,053 shares during the last quarter. MCF Advisors LLC purchased a new stake in shares of Interpublic Group of Companies during the fourth quarter worth approximately $43,000. Finally, Assetmark Inc. raised its stake in shares of 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 purchasing an additional 368 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company cut their price target on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.13.

Interpublic Group of Companies Trading Up 0.2 %

NYSE:IPG opened at $29.51 on Tuesday. The stock has a fifty day moving average price of $30.81 and a two-hundred day moving average price of $31.77. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 2.69 and a beta of 1.13. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.06. 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 posted its earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.18 billion. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. Interpublic Group of Companies’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date was Tuesday, June 4th. Interpublic Group of Companies’s payout ratio is currently 46.98%.

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.