First Heartland Consultants Inc. Acquires 3,930 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

First Heartland Consultants Inc. boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 49.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,948 shares of the business services provider’s stock after purchasing an additional 3,930 shares during the period. First Heartland Consultants Inc.’s holdings in Interpublic Group of Companies were worth $378,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Trust Walden Corp boosted its position in Interpublic Group of Companies by 3.0% in the second quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider’s stock worth $34,532,000 after purchasing an additional 34,965 shares during the last quarter. Tidal Investments LLC raised its stake in Interpublic Group of Companies by 68.0% during the 1st quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider’s stock valued at $3,949,000 after purchasing an additional 48,996 shares during the period. SG Americas Securities LLC raised its stake in Interpublic Group of Companies by 176.5% during the 2nd quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider’s stock valued at $7,403,000 after purchasing an additional 162,468 shares during the period. Councilmark Asset Management LLC bought a new stake in Interpublic Group of Companies in the 1st quarter worth approximately $1,076,000. Finally, Andra AP fonden raised its holdings in shares of Interpublic Group of Companies by 16.2% during the 2nd quarter. Andra AP fonden now owns 532,100 shares of the business services provider’s stock worth $15,479,000 after acquiring an additional 74,200 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IPG has been the subject of a number of research reports. Morgan Stanley downgraded Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $34.00 to $28.00 in a research report on Monday, July 22nd. Wells Fargo & Company restated an “underweight” rating and issued a $26.00 price target (down from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Macquarie reiterated a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Saturday. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus price target of $30.57.

Interpublic Group of Companies Trading Down 1.2 %

Interpublic Group of Companies stock opened at $29.25 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The Interpublic Group of Companies, Inc. has a 52 week low of $28.00 and a 52 week high of $35.17. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of 13.80 and a beta of 1.10. The stock has a 50-day moving average price of $30.84 and a 200 day moving average price of $30.65.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. Sell-side analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

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.