The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 21.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,039,627 shares of the business services provider’s stock after buying an additional 180,757 shares during the period. Hsbc Holdings PLC owned 0.28% of Interpublic Group of Companies worth $30,237,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank lifted its position in Interpublic Group of Companies by 47.8% during the second quarter. Amalgamated Bank now owns 117,726 shares of the business services provider’s stock worth $3,425,000 after buying an additional 38,079 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of Interpublic Group of Companies by 106.3% in the 2nd quarter. Quantbot Technologies LP now owns 248,650 shares of the business services provider’s stock worth $7,233,000 after acquiring an additional 128,123 shares during the last quarter. Sierra Summit Advisors LLC raised its holdings in shares of Interpublic Group of Companies by 12.5% during the 2nd quarter. Sierra Summit Advisors LLC now owns 14,217 shares of the business services provider’s stock worth $414,000 after acquiring an additional 1,580 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Interpublic Group of Companies by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock valued at $199,063,000 after acquiring an additional 828,150 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Interpublic Group of Companies by 1,402.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 10,488 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 9,790 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on IPG shares. Morgan Stanley downgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $34.00 to $28.00 in a research note on Monday, July 22nd. Macquarie reduced their price target on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Barclays decreased their price objective on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a 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 note on Thursday, September 5th. Finally, JPMorgan Chase & Co. decreased their price target on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Interpublic Group of Companies has a consensus rating of “Hold” and a consensus price target of $33.00.

Interpublic Group of Companies Stock Down 1.2 %

Shares of NYSE IPG opened at $31.11 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $31.02 and its two-hundred day moving average is $30.95. The Interpublic Group of Companies, Inc. has a 52-week low of $27.20 and a 52-week high of $35.17. The firm has a market cap of $11.74 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 5.17 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last posted 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 for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the business earned $0.74 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. Research 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 disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies’s payout ratio is 46.98%.

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.