SGL Investment Advisors Inc. Acquires 1,713 Shares of Interpublic Group of Companies, Inc. (The) $IPG

SGL Investment Advisors Inc. boosted its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 1.3% in the second quarter, HoldingsChannel reports. The firm owned 135,360 shares of the business services provider’s stock after purchasing an additional 1,713 shares during the period. Interpublic Group of Companies makes up about 1.6% of SGL Investment Advisors Inc.’s investment portfolio, making the stock its 25th biggest holding. SGL Investment Advisors Inc.’s holdings in Interpublic Group of Companies were worth $3,433,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in IPG. NBC Securities Inc. increased its holdings in shares of Interpublic Group of Companies by 106,420.0% during the first quarter. NBC Securities Inc. now owns 5,326 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 5,321 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in Interpublic Group of Companies by 4.5% during the first quarter. First Citizens Bank & Trust Co. now owns 16,098 shares of the business services provider’s stock worth $437,000 after buying an additional 690 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Interpublic Group of Companies by 17.6% during the first quarter. Farther Finance Advisors LLC now owns 19,726 shares of the business services provider’s stock worth $515,000 after buying an additional 2,953 shares in the last quarter. Tounjian Advisory Partners LLC bought a new stake in Interpublic Group of Companies during the first quarter worth $934,000. Finally, International Private Wealth Advisors LLC grew its holdings in Interpublic Group of Companies by 7.5% during the first quarter. International Private Wealth Advisors LLC now owns 10,133 shares of the business services provider’s stock worth $275,000 after buying an additional 711 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IPG has been the subject of several recent research reports. Wall Street Zen upgraded Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. JPMorgan Chase & Co. decreased their price target on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. UBS Group decreased their price target on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Barclays cut Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $34.00 to $27.50 in a research report on Wednesday, June 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Interpublic Group of Companies in a research report on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $32.01.

Interpublic Group of Companies Price Performance

Shares of Interpublic Group of Companies stock opened at $26.82 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $9.82 billion, a PE ratio of 22.73 and a beta of 1.09. The business’s 50-day moving average price is $26.14 and its 200-day moving average price is $25.14. Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.55 by $0.20. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%.The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the company earned $0.61 EPS. The company’s revenue was down 6.6% on a year-over-year basis. Sell-side analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.33 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.32 annualized dividend and a yield of 4.9%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 111.86%.

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.