Mattson Financial Services LLC Increases Position in Interpublic Group of Companies, Inc. (The) $IPG

Mattson Financial Services LLC lifted its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 15.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,510 shares of the business services provider’s stock after purchasing an additional 4,741 shares during the period. Mattson Financial Services LLC’s holdings in Interpublic Group of Companies were worth $964,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Sentry Investment Management LLC purchased a new stake in Interpublic Group of Companies during the 1st quarter worth approximately $31,000. Raiffeisen Bank International AG purchased a new stake in Interpublic Group of Companies during the 4th quarter worth approximately $42,000. FNY Investment Advisers LLC purchased a new stake in Interpublic Group of Companies during the 1st quarter worth approximately $44,000. Grove Bank & Trust increased its stake in Interpublic Group of Companies by 1,219.5% during the 1st 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. Finally, Brooklyn Investment Group increased its stake in Interpublic Group of Companies by 20.0% during the 1st 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. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wall Street Zen upgraded Interpublic Group of Companies to a “hold” rating in a research note on Saturday, August 16th. Barclays lowered Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $34.00 to $27.50 in a research note on Wednesday, June 25th. UBS Group cut their price objective on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Finally, 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 note on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Interpublic Group of Companies currently has a consensus rating of “Hold” and an average target price of $32.01.

Interpublic Group of Companies Trading Down 2.3%

Shares of Interpublic Group of Companies stock opened at $25.97 on Thursday. The stock has a market cap of $9.51 billion, a P/E ratio of 22.01 and a beta of 1.09. The stock’s 50 day simple moving average is $25.68 and its 200-day simple moving average is $25.24. Interpublic Group of Companies, Inc. has a 1-year low of $22.51 and a 1-year high of $33.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07.

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

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.33 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 5.1%. Interpublic Group of Companies’s dividend payout ratio is currently 111.86%.

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.