Impact Partnership Wealth LLC Buys 1,748 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Impact Partnership Wealth LLC grew its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 14.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 14,157 shares of the business services provider’s stock after acquiring an additional 1,748 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Interpublic Group of Companies were worth $397,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IPG. Pacer Advisors Inc. raised its position in shares of Interpublic Group of Companies by 4.5% in the 2nd quarter. Pacer Advisors Inc. now owns 27,319 shares of the business services provider’s stock valued at $795,000 after buying an additional 1,188 shares in the last quarter. Profund Advisors LLC lifted its stake in Interpublic Group of Companies by 16.3% during the second quarter. Profund Advisors LLC now owns 12,279 shares of the business services provider’s stock worth $357,000 after purchasing an additional 1,720 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Interpublic Group of Companies by 4.5% in the 2nd quarter. ProShare Advisors LLC now owns 70,307 shares of the business services provider’s stock valued at $2,045,000 after purchasing an additional 3,015 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 405 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of Interpublic Group of Companies by 65.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 14,471 shares of the business services provider’s stock valued at $421,000 after purchasing an additional 5,724 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Performance

Shares of Interpublic Group of Companies stock opened at $28.55 on Friday. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of 13.47 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a twelve month low of $26.30 and a twelve month high of $35.17. The company’s fifty day moving average is $28.73 and its 200 day moving average is $30.03. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting 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 last year, the company earned $0.70 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. Sell-side analysts forecast that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.33 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 4.62%. Interpublic Group of Companies’s payout ratio is 62.26%.

Analyst Ratings Changes

Several analysts recently weighed in on IPG shares. Macquarie reaffirmed a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. BNP Paribas raised shares of 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. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Finally, Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $32.00 to $36.00 in a report on Friday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.00.

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.