The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. increased its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1,402.6% during the second quarter, Holdings Channel reports. The fund owned 10,488 shares of the business services provider’s stock after purchasing an additional 9,790 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Interpublic Group of Companies were worth $305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IPG. Bank of New York Mellon Corp raised its position in shares of Interpublic Group of Companies by 12.1% during the first quarter. Bank of New York Mellon Corp now owns 14,096,675 shares of the business services provider’s stock worth $459,975,000 after purchasing an additional 1,516,975 shares during the period. First Trust Advisors LP raised its position in Interpublic Group of Companies by 12.7% during the fourth quarter. First Trust Advisors LP now owns 6,922,608 shares of the business services provider’s stock valued at $225,954,000 after buying an additional 777,456 shares during the period. American Century Companies Inc. raised its position in Interpublic Group of Companies by 4.8% during the second quarter. American Century Companies Inc. now owns 5,604,984 shares of the business services provider’s stock valued at $163,049,000 after buying an additional 255,250 shares during the period. Ariel Investments LLC raised its position in Interpublic Group of Companies by 2.9% during the first quarter. Ariel Investments LLC now owns 5,516,550 shares of the business services provider’s stock valued at $180,005,000 after buying an additional 154,355 shares during the period. Finally, Fiduciary Management Inc. WI raised its position in Interpublic Group of Companies by 4.2% during the fourth quarter. Fiduciary Management Inc. WI now owns 3,797,972 shares of the business services provider’s stock valued at $123,966,000 after buying an additional 153,857 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Down 0.5 %

Shares of IPG stock opened at $31.08 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07. The firm has a fifty day moving average of $30.93 and a 200-day moving average of $30.96. The Interpublic Group of Companies, Inc. has a 52-week low of $27.20 and a 52-week high of $35.17. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of 5.17 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $0.74 earnings per share. On average, equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared 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 4.25%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 46.98%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays lowered their target price on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Bank of America decreased their price target 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. Morgan Stanley downgraded Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $34.00 to $28.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Finally, UBS Group downgraded shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.