Transamerica Financial Advisors Inc. Boosts Stock Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Transamerica Financial Advisors Inc. increased its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 243,700.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,438 shares of the business services provider’s stock after buying an additional 2,437 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Interpublic Group of Companies were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in IPG. Rosenberg Matthew Hamilton lifted its position in Interpublic Group of Companies by 9.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 365 shares in the last quarter. Benjamin Edwards Inc. lifted its position in Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 375 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Interpublic Group of Companies by 2.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock valued at $494,000 after acquiring an additional 382 shares in the last quarter. Ballentine Partners LLC lifted its position in Interpublic Group of Companies by 2.9% in the 3rd quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock valued at $445,000 after acquiring an additional 399 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

IPG has been the topic of several analyst reports. BNP Paribas cut Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $26.00 price objective (down from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. StockNews.com raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. Finally, Bank of America lowered their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.57.

Interpublic Group of Companies Stock Performance

NYSE:IPG opened at $30.47 on Thursday. 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 simple moving average of $30.34 and a two-hundred day simple moving average of $30.50. The firm has a market capitalization of $11.35 billion, a PE ratio of 14.37 and a beta of 1.10. The Interpublic Group of Companies, Inc. has a 52-week low of $26.88 and a 52-week high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $2.30 billion. During the same period in the previous year, the company posted $0.70 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. Analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The company 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 dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.33%. Interpublic Group of Companies’s payout ratio is 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.