Arkadios Wealth Advisors Increases Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Arkadios Wealth Advisors increased its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 9.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,952 shares of the business services provider’s stock after acquiring an additional 8,903 shares during the quarter. Arkadios Wealth Advisors’ holdings in Interpublic Group of Companies were worth $3,320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IPG. Benjamin Edwards Inc. increased its holdings 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 buying an additional 375 shares during the period. Hazlett Burt & Watson Inc. increased its stake in shares of Interpublic Group of Companies by 652.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock worth $30,000 after acquiring an additional 900 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Interpublic Group of Companies in the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of 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 purchasing an additional 405 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Interpublic Group of Companies during the 2nd quarter worth about $39,000. 98.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IPG. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $26.00 price target (down from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday. Morgan Stanley lowered shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $34.00 to $28.00 in a report on Monday, July 22nd. StockNews.com downgraded shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research note on Wednesday. UBS Group lowered shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $34.00 to $29.00 in a research note on Thursday, September 12th. Finally, Macquarie reiterated a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.57.

Interpublic Group of Companies Stock Performance

NYSE:IPG traded down $0.09 during trading hours on Friday, reaching $29.80. 2,758,024 shares of the company’s stock were exchanged, compared to its average volume of 4,069,513. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 4.97 and a beta of 1.09. The Interpublic Group of Companies, Inc. has a 1-year low of $27.54 and a 1-year high of $35.17. The company has a 50-day moving average of $31.33 and a 200 day moving average of $30.73. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.51%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.70 EPS. Research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.83 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies’s payout ratio is currently 62.26%.

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.