AE Wealth Management LLC Has $15.44 Million Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

AE Wealth Management LLC lifted its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 530,833 shares of the business services provider’s stock after acquiring an additional 29,291 shares during the quarter. AE Wealth Management LLC owned approximately 0.14% of Interpublic Group of Companies worth $15,442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in Interpublic Group of Companies by 12.1% during the 1st quarter. Bank of New York Mellon Corp now owns 14,096,675 shares of the business services provider’s stock worth $459,975,000 after buying an additional 1,516,975 shares in the last quarter. First Trust Advisors LP lifted its holdings in Interpublic Group of Companies by 12.7% during the 4th quarter. First Trust Advisors LP now owns 6,922,608 shares of the business services provider’s stock worth $225,954,000 after buying an additional 777,456 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Interpublic Group of Companies by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock worth $199,063,000 after buying an additional 828,150 shares in the last quarter. American Century Companies Inc. lifted its holdings in Interpublic Group of Companies by 4.8% during the 2nd quarter. American Century Companies Inc. now owns 5,604,984 shares of the business services provider’s stock worth $163,049,000 after buying an additional 255,250 shares in the last quarter. Finally, Ariel Investments LLC lifted its holdings in Interpublic Group of Companies by 2.9% during the 1st quarter. Ariel Investments LLC now owns 5,516,550 shares of the business services provider’s stock worth $180,005,000 after buying an additional 154,355 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Price Performance

IPG opened at $31.11 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. The Interpublic Group of Companies, Inc. has a 12 month low of $27.20 and a 12 month high of $35.17. The company has a fifty day simple moving average of $31.02 and a 200 day simple moving average of $30.96. The stock has a market cap of $11.74 billion, a P/E ratio of 11.07, a P/E/G ratio of 5.17 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, research analysts expect that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio is currently 46.98%.

Wall Street Analysts Forecast Growth

IPG has been the topic of several research reports. Morgan Stanley downgraded Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $34.00 to $28.00 in a report on Monday, July 22nd. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and cut their price target for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. Bank of America cut their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Barclays cut their price target on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. cut their price target on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Interpublic Group of Companies has a consensus rating of “Hold” and an average price target of $33.00.

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.