Benjamin F. Edwards & Company Inc. Has $3.94 Million Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Benjamin F. Edwards & Company Inc. raised its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 17.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,277 shares of the business services provider’s stock after purchasing an additional 19,759 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Interpublic Group of Companies were worth $3,935,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IPG. BNP Paribas Financial Markets lifted its position in Interpublic Group of Companies by 15.0% during the 1st quarter. BNP Paribas Financial Markets now owns 989,318 shares of the business services provider’s stock worth $32,281,000 after acquiring an additional 129,215 shares during the last quarter. Norges Bank bought a new stake in Interpublic Group of Companies during the 4th quarter valued at approximately $32,620,000. Alaska Permanent Fund Corp grew its holdings in 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 valued at $1,766,000 after buying an additional 40,785 shares during the last quarter. Boston Trust Walden Corp increased its position in 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 buying an additional 34,965 shares during the period. Finally, Tidal Investments LLC lifted its holdings in shares of Interpublic Group of Companies by 68.0% during the first quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider’s stock worth $3,949,000 after buying an additional 48,996 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IPG. Bank of America dropped 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. JPMorgan Chase & Co. cut 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 research report on Friday, July 12th. Morgan Stanley lowered Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $34.00 to $28.00 in a research note on Monday, July 22nd. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Finally, 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. Two 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $33.00.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock opened at $31.11 on Friday. The firm has a market capitalization of $11.74 billion, a P/E ratio of 11.07, a P/E/G ratio of 5.17 and a beta of 1.10. The stock has a fifty day moving average price of $31.02 and a two-hundred day moving average price of $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 company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06.

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

Interpublic Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued 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 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.