Wealth Enhancement Advisory Services LLC Grows Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Wealth Enhancement Advisory Services LLC raised its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,532 shares of the business services provider’s stock after purchasing an additional 884 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Interpublic Group of Companies were worth $1,388,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IPG. State Street Corp raised its position in shares of Interpublic Group of Companies by 15.1% during the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after purchasing an additional 3,920,975 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Interpublic Group of Companies by 240.9% in the third quarter. Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider’s stock valued at $913,000 after acquiring an additional 20,395 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Interpublic Group of Companies by 2,679.9% in the third quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider’s stock worth $965,000 after buying an additional 29,425 shares in the last quarter. ING Groep NV bought a new stake in Interpublic Group of Companies in the 3rd quarter valued at $1,589,000. Finally, Bridgewater Associates LP lifted its stake in Interpublic Group of Companies by 956.5% in the 3rd quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider’s stock worth $3,313,000 after purchasing an additional 94,821 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Up 1.8 %

Shares of IPG opened at $27.79 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average of $28.91 and a 200 day moving average of $30.06. The company has a market cap of $10.35 billion, a PE ratio of 13.11 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a 52-week low of $26.30 and a 52-week high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.70 EPS. On average, sell-side analysts expect that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.75%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, January 10th. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Barclays decreased their price objective on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Macquarie reissued a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.50.

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.