Park Avenue Securities LLC Boosts Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Park Avenue Securities LLC boosted its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,238 shares of the business services provider’s stock after acquiring an additional 1,205 shares during the period. Park Avenue Securities LLC’s holdings in Interpublic Group of Companies were worth $791,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. StockNews.com started coverage on shares of Interpublic Group of Companies in a report on Monday. They issued a “hold” rating for the company. Macquarie reiterated a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Barclays reduced their price objective 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 report on Wednesday, October 23rd. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. Finally, BNP Paribas upgraded 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 research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.50.

Interpublic Group of Companies Trading Up 1.4 %

Interpublic Group of Companies stock opened at $28.22 on Wednesday. The Interpublic Group of Companies, Inc. has a one year low of $26.30 and a one year high of $35.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The company’s fifty day moving average price is $28.79 and its two-hundred day moving average price is $30.05. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of 13.31 and a beta of 1.11.

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, 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 firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the firm posted $0.70 EPS. The company’s revenue was down 2.9% on a year-over-year basis. On average, analysts forecast that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

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