Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. increased its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 13.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 36,944 shares of the business services provider’s stock after purchasing an additional 4,371 shares during the period. Federated Hermes Inc.’s holdings in Interpublic Group of Companies were worth $1,003,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IPG. Sentry Investment Management LLC acquired a new position in shares of Interpublic Group of Companies during the first quarter worth about $31,000. Raiffeisen Bank International AG purchased a new stake in shares of Interpublic Group of Companies during the fourth quarter worth approximately $42,000. FNY Investment Advisers LLC acquired a new stake in Interpublic Group of Companies in the first quarter valued at about $44,000. Grove Bank & Trust lifted its holdings in Interpublic Group of Companies by 1,219.5% in the first quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 2,000 shares during the period. Finally, GeoWealth Management LLC lifted its position in shares of Interpublic Group of Companies by 20.7% during the 4th quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider’s stock valued at $94,000 after acquiring an additional 573 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Price Performance

NYSE IPG opened at $24.95 on Thursday. Interpublic Group of Companies, Inc. has a 1 year low of $22.51 and a 1 year high of $33.05. The stock has a market capitalization of $9.14 billion, a P/E ratio of 21.14 and a beta of 1.05. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. The business’s fifty day moving average is $24.37 and its two-hundred day moving average is $25.52.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the company posted $0.61 EPS. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, research analysts forecast that Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.3%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 111.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group lowered their target price on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Citigroup reissued a “buy” rating and set a $35.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. Wall Street Zen started coverage on shares of Interpublic Group of Companies in a research note on Tuesday, May 20th. They set a “hold” rating on the stock. Barclays lowered shares of Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $34.00 to $27.50 in a report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of 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. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies currently has a consensus rating of “Hold” and an average price target of $32.39.

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.