Mirabella Financial Services LLP Acquires 1,572 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Mirabella Financial Services LLP increased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,126 shares of the business services provider’s stock after purchasing an additional 1,572 shares during the quarter. Mirabella Financial Services LLP’s holdings in Interpublic Group of Companies were worth $1,253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. 1832 Asset Management L.P. increased its position in Interpublic Group of Companies by 3.5% during the 1st quarter. 1832 Asset Management L.P. now owns 50,695 shares of the business services provider’s stock valued at $1,654,000 after purchasing an additional 1,718 shares during the period. California State Teachers Retirement System increased its holdings in Interpublic Group of Companies by 1.7% in the 1st quarter. California State Teachers Retirement System now owns 641,724 shares of the business services provider’s stock worth $20,939,000 after acquiring an additional 10,620 shares during the last quarter. Redwood Investment Management LLC increased its position in shares of Interpublic Group of Companies by 4.0% during the first quarter. Redwood Investment Management LLC now owns 67,210 shares of the business services provider’s stock valued at $2,193,000 after buying an additional 2,603 shares during the period. Tidal Investments LLC increased its position in shares of Interpublic Group of Companies by 68.0% during the first quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider’s stock valued at $3,949,000 after buying an additional 48,996 shares during the period. Finally, iA Global Asset Management Inc. bought a new position in shares of Interpublic Group of Companies in the first quarter worth approximately $244,000. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Up 0.7 %

Interpublic Group of Companies stock opened at $29.80 on Monday. The firm has a market cap of $11.10 billion, a price-to-earnings ratio of 13.95 and a beta of 1.10. The business’s 50-day moving average price is $30.37 and its 200 day moving average price is $30.51. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The Interpublic Group of Companies, Inc. has a 52 week low of $26.88 and a 52 week high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the firm 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, sell-side analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.43%. The ex-dividend date is Monday, December 2nd. Interpublic Group of Companies’s payout ratio is currently 62.26%.

Analyst Ratings Changes

Several research analysts recently weighed in on IPG shares. UBS Group cut shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Barclays decreased their price objective on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Finally, BNP Paribas downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.57.

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.