Mattson Financial Services LLC Makes New Investment in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Mattson Financial Services LLC acquired a new position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 37,519 shares of the business services provider’s stock, valued at approximately $1,091,000.

Several other institutional investors also recently modified their holdings of IPG. UMB Bank n.a. grew its holdings in Interpublic Group of Companies by 3.5% during the first quarter. UMB Bank n.a. now owns 9,607 shares of the business services provider’s stock valued at $313,000 after purchasing an additional 321 shares during the period. Legacy Wealth Asset Management LLC grew its holdings in 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 purchasing an additional 347 shares during the period. Richardson Financial Services Inc. lifted its position in shares of 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 in the last quarter. Benjamin Edwards Inc. lifted its position in shares of 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 in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Interpublic Group of Companies by 2.2% during the second quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock worth $494,000 after acquiring an additional 382 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Stock Down 0.5 %

NYSE IPG opened at $31.07 on Thursday. 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 stock has a market capitalization of $11.73 billion, a PE ratio of 11.06, a PEG 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. The business’s 50-day moving average is $31.24 and its 200 day moving average is $30.88.

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

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.33 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a yield of 4.25%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IPG. Macquarie lowered their price objective on 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. Morgan Stanley downgraded 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 report on Monday, July 22nd. Barclays reduced their price objective on Interpublic Group of Companies from $34.00 to $32.50 and set an “equal weight” rating on the stock in a research note on Wednesday. BNP Paribas cut Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Monday. Finally, JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $33.00 in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.44.

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.