Aurora Investment Counsel Raises Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Aurora Investment Counsel increased its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 14.5% in the second quarter, HoldingsChannel reports. The firm owned 50,512 shares of the business services provider’s stock after buying an additional 6,408 shares during the quarter. Aurora Investment Counsel’s holdings in Interpublic Group of Companies were worth $1,469,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in IPG. UMB Bank n.a. boosted its stake in shares of Interpublic Group of Companies by 3.5% during the 1st quarter. UMB Bank n.a. now owns 9,607 shares of the business services provider’s stock worth $313,000 after purchasing an additional 321 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its stake in shares of Interpublic Group of Companies by 3.3% during the first quarter. Legacy Wealth Asset Management LLC now owns 10,923 shares of the business services provider’s stock valued at $356,000 after buying an additional 347 shares during the period. Richardson Financial Services Inc. boosted its position in Interpublic Group of Companies by 8.4% during the first quarter. Richardson Financial Services Inc. now owns 4,530 shares of the business services provider’s stock worth $148,000 after acquiring an additional 350 shares during the last quarter. Benjamin Edwards Inc. grew its stake in Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after acquiring an additional 375 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Interpublic Group of Companies by 2.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock valued at $494,000 after acquiring an additional 382 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $31.63 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06. The Interpublic Group of Companies, Inc. has a 1-year low of $27.20 and a 1-year high of $35.17. The firm has a market capitalization of $11.94 billion, a P/E ratio of 11.26, a P/E/G ratio of 5.23 and a beta of 1.10. The business’s 50-day simple moving average is $31.18 and its 200-day simple moving average is $30.89.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the company posted $0.74 earnings per share. Interpublic Group of Companies’s revenue was up 1.6% compared to the same quarter last year. Equities analysts predict that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 4.17%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on IPG shares. Macquarie decreased their price objective on 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. JPMorgan Chase & Co. lowered their price target on 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. Barclays dropped their price objective on shares of Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Bank of America decreased their target price on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, BNP Paribas lowered shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday. Three 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. According to data from MarketBeat.com, the stock presently has a consensus 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.