Trajan Wealth LLC Increases Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Trajan Wealth LLC increased its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 14.4% in the third quarter, Holdings Channel.com reports. The firm owned 161,738 shares of the business services provider’s stock after purchasing an additional 20,318 shares during the period. Trajan Wealth LLC’s holdings in Interpublic Group of Companies were worth $5,116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin Edwards Inc. grew its position in shares of Interpublic Group of Companies by 73.8% in the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 375 shares during the period. Hazlett Burt & Watson Inc. grew its position in Interpublic Group of Companies by 652.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 900 shares during the period. International Assets Investment Management LLC purchased a new stake in Interpublic Group of Companies during the second quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its position in Interpublic Group of Companies by 52.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 405 shares during the period. Finally, Quest Partners LLC purchased a new stake in Interpublic Group of Companies during the second quarter valued at about $39,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on IPG shares. Barclays cut their price target on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. UBS Group cut Interpublic Group of Companies from a “neutral” rating to a “sell” rating and cut their price target for the stock from $34.00 to $29.00 in a research note on Thursday, September 12th. Bank of America cut their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Wells Fargo & Company reiterated an “underweight” rating and issued a $26.00 price target (down previously from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Finally, Morgan Stanley cut Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $34.00 to $28.00 in a research note on Monday, July 22nd. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Interpublic Group of Companies presently has an average rating of “Hold” and an average target price of $30.57.

Interpublic Group of Companies Trading Down 0.7 %

Shares of NYSE IPG opened at $30.03 on Wednesday. The stock’s 50 day moving average price is $31.29 and its two-hundred day moving average price is $30.72. The Interpublic Group of Companies, Inc. has a 52-week low of $27.68 and a 52-week high of $35.17. The stock has a market capitalization of $11.33 billion, a P/E ratio of 10.69, a PEG ratio of 4.97 and a beta of 1.09. 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 announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. Interpublic Group of Companies had a return on equity of 27.51% and a net margin of 7.44%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Interpublic Group of Companies’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.83 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.40%. The ex-dividend date is Monday, December 2nd. Interpublic Group of Companies’s payout ratio is currently 46.98%.

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.