3,390 Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,390 shares of the business services provider’s stock, valued at approximately $107,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its stake in shares of Interpublic Group of Companies by 9.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock worth $131,000 after acquiring an additional 365 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Interpublic Group of Companies by 73.8% during the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 375 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Interpublic Group of Companies by 2.2% during the second quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock valued at $494,000 after purchasing an additional 382 shares during the period. Ballentine Partners LLC increased its position in Interpublic Group of Companies by 2.9% in the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock worth $445,000 after buying an additional 399 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Interpublic Group of Companies by 52.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $38,000 after buying an additional 405 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock opened at $29.07 on Friday. The company’s 50-day moving average price is $29.86 and its 200-day moving average price is $30.31. 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 company has a market cap of $10.83 billion, a PE ratio of 13.71 and a beta of 1.10. The Interpublic Group of Companies, Inc. has a twelve month low of $26.88 and a twelve month high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results 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 return on equity of 27.76% and a net margin of 7.44%. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the business posted $0.70 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. On average, equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.54%. Interpublic Group of Companies’s payout ratio is 62.26%.

Analyst Upgrades and Downgrades

IPG has been the subject of a number of recent research reports. Bank of America cut their price objective on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. Barclays decreased their price objective on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com started coverage on shares of Interpublic Group of Companies in a report on Thursday. They issued a “hold” rating for the company. Finally, BNP Paribas cut Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.71.

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.