The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 11.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,722 shares of the business services provider’s stock after buying an additional 12,347 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Interpublic Group of Companies were worth $3,692,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its stake in Interpublic Group of Companies by 14.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,011 shares of the business services provider’s stock valued at $233,000 after purchasing an additional 1,011 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Interpublic Group of Companies by 30.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,781 shares of the business services provider’s stock valued at $517,000 after buying an additional 4,146 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Interpublic Group of Companies by 382.3% during the second quarter. Assenagon Asset Management S.A. now owns 65,871 shares of the business services provider’s stock worth $1,916,000 after buying an additional 52,214 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Interpublic Group of Companies by 484.1% in the second quarter. Blue Trust Inc. now owns 8,622 shares of the business services provider’s stock worth $251,000 after buying an additional 7,146 shares during the last quarter. Finally, TCW Group Inc. raised its holdings in Interpublic Group of Companies by 107.6% in the second quarter. TCW Group Inc. now owns 97,595 shares of the business services provider’s stock valued at $2,839,000 after acquiring an additional 50,592 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies Stock Up 0.4 %

IPG stock opened at $29.89 on Friday. The stock has a market cap of $11.13 billion, a PE ratio of 14.08 and a beta of 1.10. The firm’s 50-day simple moving average is $30.06 and its 200 day simple moving average is $30.38. The Interpublic Group of Companies, Inc. has a fifty-two week low of $26.88 and a fifty-two week high of $35.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Interpublic Group of Companies, Inc. will post 2.81 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 4.42%. Interpublic Group of Companies’s payout ratio is 62.26%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IPG. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $26.00 to $34.00 in a report on Tuesday. Bank of America lowered their price objective on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, September 5th. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Macquarie reiterated a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $31.71.

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.