Larson Financial Group LLC Purchases 6,300 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Larson Financial Group LLC boosted its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 95.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,892 shares of the business services provider’s stock after purchasing an additional 6,300 shares during the quarter. Larson Financial Group LLC’s holdings in Interpublic Group of Companies were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton grew its stake in shares of Interpublic Group of Companies by 9.7% during the third quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock worth $131,000 after purchasing an additional 365 shares during the period. Benjamin Edwards Inc. boosted its holdings in Interpublic Group of Companies by 73.8% during the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after buying an additional 375 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Interpublic Group of Companies by 2.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock worth $494,000 after buying an additional 382 shares during the period. Ballentine Partners LLC increased its stake in shares of Interpublic Group of Companies by 2.9% in the 3rd quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock valued at $445,000 after acquiring an additional 399 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Interpublic Group of Companies by 52.5% in the second 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 in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on IPG. UBS Group lowered Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Wells Fargo & Company reiterated an “underweight” rating and set a $26.00 price objective (down from $28.00) on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Macquarie reaffirmed a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. BNP Paribas lowered shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Finally, Barclays reduced their target price on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Interpublic Group of Companies presently has an average rating of “Hold” and an average price target of $30.57.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $30.64 on Wednesday. The firm has a market capitalization of $11.41 billion, a P/E ratio of 14.45 and a beta of 1.10. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average price is $30.35 and its two-hundred day moving average price is $30.50. The Interpublic Group of Companies, Inc. has a 1 year low of $26.88 and a 1 year high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data 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 company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period last year, the firm posted $0.70 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. As a group, research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.33 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.31%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 62.26%.

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.