Parcion Private Wealth LLC Grows Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Parcion Private Wealth LLC lifted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 14.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,881 shares of the business services provider’s stock after purchasing an additional 20,413 shares during the quarter. Parcion Private Wealth LLC’s holdings in Interpublic Group of Companies were worth $5,089,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of IPG. BNP Paribas Financial Markets raised its stake in shares of Interpublic Group of Companies by 15.0% during the first quarter. BNP Paribas Financial Markets now owns 989,318 shares of the business services provider’s stock worth $32,281,000 after acquiring an additional 129,215 shares in the last quarter. Boston Trust Walden Corp raised its position in Interpublic Group of Companies by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider’s stock worth $34,532,000 after purchasing an additional 34,965 shares during the period. Tidal Investments LLC lifted its stake in Interpublic Group of Companies by 68.0% in the first quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider’s stock worth $3,949,000 after purchasing an additional 48,996 shares during the last quarter. SG Americas Securities LLC boosted its position in Interpublic Group of Companies by 176.5% during the second quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider’s stock valued at $7,403,000 after buying an additional 162,468 shares during the period. Finally, FORA Capital LLC bought a new position in shares of Interpublic Group of Companies during the first quarter valued at about $2,061,000. 98.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on IPG shares. Wells Fargo & Company restated an “underweight” rating and set a $26.00 price target (down from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday. UBS Group downgraded 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. BNP Paribas cut shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Bank of America decreased their price objective on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, StockNews.com lowered shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a report on Wednesday. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.57.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock opened at $29.80 on Friday. The Interpublic Group of Companies, Inc. has a fifty-two week low of $27.54 and a fifty-two week high of $35.17. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 4.97 and a beta of 1.09. The stock’s 50 day simple moving average is $31.33 and its two-hundred day simple moving average is $30.73. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.51% and a net margin of 7.44%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, analysts expect that The Interpublic Group of Companies, Inc. will post 2.83 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 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.