6,527 Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 6,527 shares of the business services provider’s stock, valued at approximately $206,000.

Other hedge funds have also modified their holdings of the company. State Street Corp lifted its stake in shares of Interpublic Group of Companies by 15.1% during the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after buying an additional 3,920,975 shares in the last quarter. Andra AP fonden lifted its position in shares of Interpublic Group of Companies by 16.2% in the second quarter. Andra AP fonden now owns 532,100 shares of the business services provider’s stock valued at $15,479,000 after acquiring an additional 74,200 shares in the last quarter. Vest Financial LLC grew its position in shares of Interpublic Group of Companies by 39.3% during the second quarter. Vest Financial LLC now owns 789,466 shares of the business services provider’s stock worth $22,966,000 after purchasing an additional 222,693 shares in the last quarter. International Assets Investment Management LLC raised its stake in Interpublic Group of Companies by 2,679.9% during the 3rd quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider’s stock valued at $965,000 after purchasing an additional 29,425 shares during the period. Finally, ING Groep NV purchased a new position in Interpublic Group of Companies in the 3rd quarter worth approximately $1,589,000. 98.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on IPG. JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. StockNews.com began coverage on shares of Interpublic Group of Companies in a report on Thursday. They set a “hold” rating for the company. Barclays reduced their target price on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. BNP Paribas downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Finally, Bank of America cut their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus target price of $31.71.

Interpublic Group of Companies Price Performance

Shares of Interpublic Group of Companies stock opened at $29.07 on Thursday. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 13.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day moving average price of $29.96 and a 200-day moving average price of $30.33. The Interpublic Group of Companies, Inc. has a one year low of $26.88 and a one year high of $35.17.

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

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 62.26%.

Interpublic Group of Companies 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.