Diversified Trust Co Increases Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Diversified Trust Co boosted its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 17.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 109,048 shares of the business services provider’s stock after buying an additional 15,947 shares during the period. Diversified Trust Co’s holdings in Interpublic Group of Companies were worth $3,558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Marino Stram & Associates LLC grew its holdings in 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 worth $870,000 after purchasing 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 4th quarter. Bleakley Financial Group LLC now owns 7,364 shares of the business services provider’s stock valued at $240,000 after buying an additional 327 shares in the last quarter. Simplicity Solutions LLC raised its stake in Interpublic Group of Companies by 4.6% in the fourth quarter. Simplicity Solutions LLC now owns 7,364 shares of the business services provider’s stock valued at $240,000 after buying an additional 327 shares during the last quarter. Assetmark Inc. boosted its holdings in Interpublic Group of Companies by 27.5% in the fourth quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock worth $56,000 after acquiring an additional 368 shares in the last quarter. Finally, Lindbrook Capital LLC grew its stake 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 last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on IPG shares. Wells Fargo & Company lowered their target price on shares of 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. Bank of America lowered their price objective on shares of Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.00.

Interpublic Group of Companies Price Performance

NYSE:IPG opened at $28.08 on Tuesday. The firm’s fifty day moving average is $30.64 and its two-hundred day moving average is $31.67. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 3.09 and a beta of 1.12. 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 one year low of $27.20 and a one 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 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company earned $0.38 earnings per share. Interpublic Group of Companies’s revenue for the quarter was down 1.0% compared to the same quarter last year. Research analysts expect that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend was Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.98%.

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.