Interpublic Group of Companies, Inc. (The) $IPG Shares Acquired by Berger Financial Group Inc

Berger Financial Group Inc lifted its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 2.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 201,700 shares of the business services provider’s stock after buying an additional 4,449 shares during the quarter. Berger Financial Group Inc’s holdings in Interpublic Group of Companies were worth $4,938,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sentry Investment Management LLC purchased a new stake in Interpublic Group of Companies in the 1st quarter worth approximately $31,000. FNY Investment Advisers LLC acquired a new position in shares of Interpublic Group of Companies in the 1st quarter valued at $44,000. Grove Bank & Trust boosted its holdings in Interpublic Group of Companies by 1,219.5% during the first quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider’s stock worth $59,000 after buying an additional 2,000 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Interpublic Group of Companies by 20.0% during the first quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock worth $64,000 after buying an additional 391 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new stake in Interpublic Group of Companies during the first quarter valued at $102,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies Price Performance

NYSE:IPG opened at $26.51 on Friday. The stock has a 50 day moving average of $26.11 and a two-hundred day moving average of $25.15. Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05. The firm has a market cap of $9.71 billion, a P/E ratio of 22.46 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.20. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%.The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The business’s revenue was down 6.6% on a year-over-year basis. On average, analysts expect that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.0%. Interpublic Group of Companies’s dividend payout ratio is presently 111.86%.

Analyst Ratings Changes

Several research firms have recently issued reports on IPG. UBS Group lowered their target price on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Wall Street Zen upgraded Interpublic Group of Companies to a “hold” rating in a research report on Saturday, August 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Interpublic Group of Companies in a report on Saturday, September 27th. JPMorgan Chase & Co. cut their price objective on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Finally, Barclays lowered Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $34.00 to $27.50 in a research report on Wednesday, June 25th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.01.

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.