Czech National Bank Has $2.42 Million Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Czech National Bank boosted its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 6.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,511 shares of the business services provider’s stock after purchasing an additional 4,589 shares during the quarter. Czech National Bank’s holdings in Interpublic Group of Companies were worth $2,420,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP boosted its holdings in shares of Interpublic Group of Companies by 26.0% in the fourth quarter. Quarry LP now owns 2,052 shares of the business services provider’s stock valued at $67,000 after buying an additional 423 shares during the period. Voisard Asset Management Group Inc. acquired a new position in Interpublic Group of Companies during the fourth quarter worth $31,000. V Square Quantitative Management LLC boosted its holdings in Interpublic Group of Companies by 183.8% during the fourth quarter. V Square Quantitative Management LLC now owns 24,624 shares of the business services provider’s stock worth $804,000 after purchasing an additional 15,948 shares during the last quarter. Sierra Summit Advisors LLC acquired a new position in Interpublic Group of Companies during the fourth quarter worth $409,000. Finally, Syon Capital LLC boosted its holdings in Interpublic Group of Companies by 19.4% during the fourth quarter. Syon Capital LLC now owns 8,950 shares of the business services provider’s stock worth $292,000 after purchasing an additional 1,453 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 1.1 %

Shares of Interpublic Group of Companies stock opened at $31.39 on Friday. The firm has a market capitalization of $11.85 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 5.18 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The firm’s 50 day moving average is $31.21 and its 200 day moving average is $30.80. 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 posted its earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.83 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.21%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 46.98%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IPG. Morgan Stanley cut 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 report on Monday, July 22nd. Bank of America dropped their price target 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. Macquarie dropped 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 dropped their price objective on shares of Interpublic Group of Companies from $34.00 to $32.50 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Finally, UBS Group lowered shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $34.00 to $29.00 in a research report on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and an average price target of $32.44.

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.