Several institutional investors recently adjusted their shares of IPG. UMB Bank increased its stake by 3.5% in Q1, owning 9,607 shares worth $313,000 after buying 321 additional shares. Legacy Wealth Asset Management raised its holdings by 3.3%, now holding 10,923 shares valued at $356,000 after adding 347 shares. Richardson Financial boosted its position by 8.4%, owning 4,530 shares valued at $148,000 after acquiring 350 shares. Benjamin Edwards raised its stake by a significant 73.8%, now holding 883 shares worth $26,000 after acquiring 375 shares. Finally, Farther Finance Advisors increased its holdings by 2.2%, owning 17,584 shares valued at $494,000 after acquiring 382 shares. Overall, institutional investors own 98.43% of the stock.
Interpublic Group of Companies Stock Update
On Thursday, NYSE IPG opened at $31.07. The company has a debt-to-equity ratio of 0.75, current ratio of 1.07, and quick ratio of 1.06. Its market cap is $11.73 billion with a PE ratio of 11.06. IPG’s stock has ranged from a low of $27.20 to a high of $35.17 over the past year.
IPG reported its earnings on July 24, showing $0.61 earnings per share, beating the $0.59 estimate. The company generated $2.71 billion in revenue, compared to the expected $2.33 billion, with a return on equity of 27.98% and a net margin of 9.46%. Quarterly revenue increased by 1.6% year-over-year. Analysts predict IPG will report 2.82 earnings per share this year.
Dividend Announcement
IPG declared a quarterly dividend of $0.33, paid on September 17 to shareholders who were on record as of September 3. This results in an annual dividend of $1.32 and a yield of 4.25%, with a payout ratio of 46.98%.
Analyst Ratings
Analysts recently adjusted their ratings on IPG. Macquarie cut its price target from $33 to $31, maintaining a “neutral” rating. Morgan Stanley changed its rating from “equal weight” to “underweight” and lowered the target from $34 to $28. Barclays reduced its target from $34 to $32.50 with a equal weight rating. BNP Paribas downgraded the stock from “neutral” to “underperform”. JPMorgan lowered its rating from “overweight” to “neutral” and cut its target from $36 to $33. Currently, the consensus rating is “Hold” with an average target price of $32.44.
Read Our Latest Analysis on IPG
Company Overview
The Interpublic Group of Companies, Inc provides global advertising and marketing services across three segments: Media, Data & Engagement Solutions; Integrated Advertising & Creativity Led Solutions; and Specialized Communications & Experiential Solutions.
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