The Interpublic Group of Companies, Inc. (NYSE:IPG) Stake Boosted by APG Asset Management N.V.

APG Asset Management N.V. raised its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 227.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,053 shares of the business services provider’s stock after purchasing an additional 32,000 shares during the period. APG Asset Management N.V.’s holdings in Interpublic Group of Companies were worth $1,250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Benjamin Edwards Inc. raised its stake in Interpublic Group of Companies by 73.8% during the second 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. Hazlett Burt & Watson Inc. grew its holdings in shares of Interpublic Group of Companies by 652.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 900 shares during the last quarter. Voisard Asset Management Group Inc. bought a new position in shares of Interpublic Group of Companies during the fourth quarter valued at approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of Interpublic Group of Companies during the 2nd quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $38,000 after purchasing an additional 405 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on IPG. JPMorgan Chase & Co. dropped their target price on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research 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 on the stock in a report on Thursday, July 25th. Bank of America reduced their target price on shares of 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 lowered shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $34.00 to $28.00 in a research note on Monday, July 22nd. Finally, 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. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $33.00.

Interpublic Group of Companies Stock Performance

IPG opened at $31.63 on Tuesday. The business has a 50 day moving average price of $31.14 and a two-hundred day moving average price of $30.89. 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 company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 5.23 and a beta of 1.10. The Interpublic Group of Companies, Inc. has a 1-year low of $27.20 and a 1-year high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.02. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.33 billion. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Research analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.33 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a yield of 4.17%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.98%.

About Interpublic Group of Companies

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.