Buckley Wealth Management LLC Buys New Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Buckley Wealth Management LLC acquired a new stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,040 shares of the business services provider’s stock, valued at approximately $233,000.

Several other large investors also recently made changes to their positions in the stock. Compass Wealth Management LLC acquired a new position in Interpublic Group of Companies during the fourth quarter worth approximately $25,000. Clear Street Markets LLC increased its holdings in shares of Interpublic Group of Companies by 94.9% in the first quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 372 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of Interpublic Group of Companies in the second quarter valued at about $29,000. HHM Wealth Advisors LLC acquired a new stake in shares of Interpublic Group of Companies during the 1st quarter worth about $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in Interpublic Group of Companies in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on IPG shares. Citigroup decreased their target price on Interpublic Group of Companies from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, July 24th. Wells Fargo & Company downgraded Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $43.00 to $33.00 in a research report on Monday, July 24th. Bank of America dropped their price objective on Interpublic Group of Companies from $44.00 to $42.00 and set a “buy” rating for the company in a report on Monday, July 24th. Morgan Stanley decreased their price target on Interpublic Group of Companies from $42.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, July 24th. Finally, StockNews.com started coverage on shares of Interpublic Group of Companies in a research note on Wednesday, August 23rd. They set a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.00.

Interpublic Group of Companies Price Performance

Interpublic Group of Companies stock opened at $30.45 on Tuesday. The stock’s 50 day moving average price is $33.63 and its two-hundred day moving average price is $35.90. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.44 and a beta of 1.11. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.03 and a current ratio of 1.03. The Interpublic Group of Companies, Inc. has a 52-week low of $25.14 and a 52-week high of $40.95.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Friday, July 21st. The business services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.13. Interpublic Group of Companies had a return on equity of 29.72% and a net margin of 8.70%. The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the firm posted $0.63 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts predict that The Interpublic Group of Companies, Inc. will post 3.05 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Thursday, August 31st. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 51.45%.

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.