B.O.S.S. Retirement Advisors LLC Purchases 2,412 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

B.O.S.S. Retirement Advisors LLC increased its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,555 shares of the business services provider’s stock after purchasing an additional 2,412 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Interpublic Group of Companies were worth $1,314,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of Interpublic Group of Companies by 15.0% during the 1st quarter. BNP Paribas Financial Markets now owns 989,318 shares of the business services provider’s stock valued at $32,281,000 after acquiring an additional 129,215 shares in the last quarter. Alaska Permanent Fund Corp grew its stake in shares of Interpublic Group of Companies by 305.6% in the 1st quarter. Alaska Permanent Fund Corp now owns 54,129 shares of the business services provider’s stock valued at $1,766,000 after purchasing an additional 40,785 shares during the period. Boston Trust Walden Corp lifted its position in shares of Interpublic Group of Companies by 3.0% during the 2nd quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider’s stock worth $34,532,000 after buying an additional 34,965 shares during the period. Tidal Investments LLC grew its position in Interpublic Group of Companies by 68.0% in the first quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider’s stock valued at $3,949,000 after acquiring an additional 48,996 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Interpublic Group of Companies by 176.5% during the second quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider’s stock valued at $7,403,000 after acquiring an additional 162,468 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analysts Set New Price Targets

IPG has been the topic of a number of recent analyst reports. Barclays reduced their price target on shares of Interpublic Group of Companies from $34.00 to $32.50 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Morgan Stanley lowered 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 research note on Monday, July 22nd. Bank of America lowered their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Macquarie decreased their price objective on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Finally, UBS Group downgraded shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $34.00 to $29.00 in a research note on Thursday, September 12th. Three 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $32.44.

Interpublic Group of Companies Trading Up 0.9 %

NYSE IPG opened at $31.93 on Thursday. The stock has a market capitalization of $12.05 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 5.18 and a beta of 1.09. The Interpublic Group of Companies, Inc. has a 52 week low of $27.20 and a 52 week high of $35.17. The stock’s 50 day moving average price is $31.33 and its two-hundred day moving average price is $30.78. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.33 billion. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. As a group, analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.83 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a dividend yield of 4.13%. Interpublic Group of Companies’s dividend payout ratio is currently 46.98%.

Interpublic Group of Companies Company 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.