AMF Tjanstepension AB Acquires 3,250 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

AMF Tjanstepension AB boosted its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,658 shares of the business services provider’s stock after purchasing an additional 3,250 shares during the period. AMF Tjanstepension AB’s holdings in Interpublic Group of Companies were worth $4,851,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Marino Stram & Associates LLC increased its holdings in shares of Interpublic Group of Companies by 1.2% in the fourth quarter. Marino Stram & Associates LLC now owns 26,654 shares of the business services provider’s stock valued at $870,000 after purchasing an additional 315 shares in the last quarter. Bleakley Financial Group LLC lifted its position in Interpublic Group of Companies by 4.6% in the 4th quarter. Bleakley Financial Group LLC now owns 7,364 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 327 shares in the last quarter. Simplicity Solutions LLC lifted its position in Interpublic Group of Companies by 4.6% in the 4th quarter. Simplicity Solutions LLC now owns 7,364 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 327 shares in the last quarter. Assetmark Inc. lifted its position in Interpublic Group of Companies by 27.5% in the 4th quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 368 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in Interpublic Group of Companies by 16.3% during the 4th quarter. Lindbrook Capital LLC now owns 2,748 shares of the business services provider’s stock worth $90,000 after buying an additional 385 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Down 0.1 %

NYSE:IPG opened at $29.09 on Friday. 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 capitalization of $10.98 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 3.10 and a beta of 1.13. The firm has a fifty day simple moving average of $30.70 and a two-hundred day simple moving average of $31.70. The Interpublic Group of Companies, Inc. has a 12 month low of $27.20 and a 12 month high of $40.90.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts expect that The Interpublic Group of Companies, Inc. will post 2.8 EPS 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. Shareholders of record on Tuesday, June 4th were paid a $0.33 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $1.32 dividend on an annualized basis and a yield of 4.54%. Interpublic Group of Companies’s dividend payout ratio is presently 46.98%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IPG. Wells Fargo & Company decreased their price target on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Bank of America cut their price target on shares of Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $35.00.

About Interpublic Group of Companies

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.