Larson Financial Group LLC Has $192,000 Stock Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Larson Financial Group LLC raised its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 11.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,592 shares of the business services provider’s stock after buying an additional 659 shares during the quarter. Larson Financial Group LLC’s holdings in Interpublic Group of Companies were worth $192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in Interpublic Group of Companies by 15.0% in 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 buying an additional 129,215 shares during the last quarter. Cowen AND Company LLC bought a new stake in shares of Interpublic Group of Companies in the 4th quarter worth approximately $871,000. Norges Bank bought a new stake in shares of Interpublic Group of Companies in the 4th quarter worth approximately $32,620,000. Alaska Permanent Fund Corp lifted its position 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 worth $1,766,000 after acquiring an additional 40,785 shares during the period. Finally, Boston Trust Walden Corp lifted its position in shares of Interpublic Group of Companies by 3.0% in 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 acquiring an additional 34,965 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Morgan Stanley downgraded 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 report on Monday, July 22nd. JPMorgan Chase & Co. reduced their price objective on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Barclays reduced their price objective on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Bank of America cut 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 report on Thursday. Finally, Macquarie cut their target price on Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Interpublic Group of Companies presently has an average rating of “Hold” and a consensus target price of $33.88.

Interpublic Group of Companies Trading Down 1.1 %

Shares of IPG opened at $31.10 on Friday. The stock has a fifty day moving average price of $30.53 and a two-hundred day moving average price of $31.03. 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 Interpublic Group of Companies, Inc. has a 52-week low of $27.20 and a 52-week high of $35.17. The company has a market cap of $11.74 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 3.44 and a beta of 1.12.

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 the consensus estimate of $0.59 by $0.02. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the company posted $0.74 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts predict that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.32 annualized dividend and a dividend yield of 4.24%. Interpublic Group of Companies’s dividend payout ratio (DPR) 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.