Assenagon Asset Management S.A. Grows Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Assenagon Asset Management S.A. increased its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 389.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,487 shares of the business services provider’s stock after purchasing an additional 56,087 shares during the period. Assenagon Asset Management S.A.’s holdings in Interpublic Group of Companies were worth $1,975,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of Interpublic Group of Companies in the third quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new position in Interpublic Group of Companies in the 3rd quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its position in Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 405 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Interpublic Group of Companies during the 3rd quarter valued at $60,000. Finally, Trust Co. of Vermont increased its holdings in shares of Interpublic Group of Companies by 250.0% in the 3rd quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock worth $66,000 after purchasing an additional 1,500 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IPG has been the topic of a number of research analyst reports. Macquarie reaffirmed a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Barclays reduced their price target on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. StockNews.com assumed coverage on shares of Interpublic Group of Companies in a research report on Monday. They issued a “hold” rating for the company. Finally, BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.50.

Interpublic Group of Companies Price Performance

NYSE IPG opened at $28.22 on Thursday. The business’s fifty day moving average is $28.77 and its 200 day moving average is $30.05. The Interpublic Group of Companies, Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $35.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $10.51 billion, a PE ratio of 13.31 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the company posted $0.70 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. Sell-side analysts predict that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.33 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.68%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

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.