Advisor OS LLC Makes New Investment in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Advisor OS LLC acquired a new position in The Interpublic Group of Companies, Inc. (NYSE:IPG) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 15,338 shares of the business services provider’s stock, valued at approximately $430,000.

A number of other institutional investors have also added to or reduced their stakes in IPG. Pacer Advisors Inc. increased its holdings in shares of Interpublic Group of Companies by 25,637.0% during the fourth quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider’s stock valued at $207,439,000 after acquiring an additional 7,374,491 shares in the last quarter. State Street Corp increased its holdings in shares of Interpublic Group of Companies by 15.1% during the third quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after acquiring an additional 3,920,975 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Interpublic Group of Companies by 10.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,402,349 shares of the business services provider’s stock valued at $139,246,000 after acquiring an additional 417,741 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Interpublic Group of Companies during the fourth quarter valued at $9,041,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Interpublic Group of Companies by 7.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,271,759 shares of the business services provider’s stock valued at $119,695,000 after acquiring an additional 310,621 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

IPG has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $32.00 to $39.00 in a report on Monday, January 27th. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $32.00 to $36.00 in a research report on Friday, January 24th. Argus cut Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $33.50.

Interpublic Group of Companies Trading Down 2.3 %

Interpublic Group of Companies stock opened at $27.03 on Friday. The business has a 50-day simple moving average of $27.89 and a two-hundred day simple moving average of $29.65. The company has a market cap of $10.07 billion, a P/E ratio of 14.77 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a 52-week low of $26.30 and a 52-week high of $35.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.04). Interpublic Group of Companies had a net margin of 6.45% and a return on equity of 27.10%. Analysts predict that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.88%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 72.13%.

Interpublic Group of Companies declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $155.00 million in shares. This buyback authorization authorizes the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.