SGL Investment Advisors Inc. Buys 1,713 Shares of Interpublic Group of Companies, Inc. (The) $IPG

SGL Investment Advisors Inc. boosted its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,360 shares of the business services provider’s stock after buying an additional 1,713 shares during the period. Interpublic Group of Companies comprises 1.6% of SGL Investment Advisors Inc.’s portfolio, making the stock its 25th largest holding. SGL Investment Advisors Inc.’s holdings in Interpublic Group of Companies were worth $3,433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Shell Asset Management Co. raised its holdings in shares of Interpublic Group of Companies by 42.1% in the second quarter. Shell Asset Management Co. now owns 63,315 shares of the business services provider’s stock valued at $1,550,000 after buying an additional 18,759 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in shares of Interpublic Group of Companies in the 2nd quarter valued at about $959,000. Sendero Wealth Management LLC increased its stake in shares of Interpublic Group of Companies by 16.1% in the 2nd quarter. Sendero Wealth Management LLC now owns 10,297 shares of the business services provider’s stock valued at $252,000 after acquiring an additional 1,425 shares during the last quarter. Berger Financial Group Inc increased its stake in shares of Interpublic Group of Companies by 2.3% in the 2nd quarter. Berger Financial Group Inc now owns 201,700 shares of the business services provider’s stock valued at $4,938,000 after acquiring an additional 4,449 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. increased its stake in shares of Interpublic Group of Companies by 2.8% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 1,126,441 shares of the business services provider’s stock valued at $27,575,000 after acquiring an additional 30,939 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

IPG opened at $26.82 on Tuesday. The business’s fifty day moving average is $26.14 and its 200-day moving average is $25.14. The firm has a market cap of $9.82 billion, a P/E ratio of 22.73 and a beta of 1.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. Interpublic Group of Companies, Inc. has a 52-week low of $22.51 and a 52-week high of $33.05.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, beating 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 last year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. Sell-side analysts expect that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Tuesday, September 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is 111.86%.

Analyst Ratings Changes

A number of research firms have weighed in on IPG. JPMorgan Chase & Co. reduced their price target 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. 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 report on Wednesday, July 23rd. Wall Street Zen raised Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Barclays downgraded Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $34.00 to $27.50 in a report on Wednesday, June 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Interpublic Group of Companies in a report on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.