UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 10.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,402,349 shares of the business services provider’s stock after acquiring an additional 417,741 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.18% of Interpublic Group of Companies worth $139,246,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cetera Investment Advisers increased its holdings in shares of Interpublic Group of Companies by 87.4% during the 1st quarter. Cetera Investment Advisers now owns 73,149 shares of the business services provider’s stock worth $2,387,000 after buying an additional 34,122 shares during the last quarter. Cetera Advisors LLC increased its stake in Interpublic Group of Companies by 26.3% during the first quarter. Cetera Advisors LLC now owns 27,838 shares of the business services provider’s stock worth $908,000 after acquiring an additional 5,799 shares during the last quarter. DNB Asset Management AS raised its position in Interpublic Group of Companies by 16.9% in the second quarter. DNB Asset Management AS now owns 62,907 shares of the business services provider’s stock valued at $1,830,000 after purchasing an additional 9,092 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Interpublic Group of Companies in the 2nd quarter valued at $3,891,000. Finally, SG Americas Securities LLC grew its holdings in shares of Interpublic Group of Companies by 176.5% during the 2nd quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider’s stock worth $7,403,000 after purchasing an additional 162,468 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Up 1.1 %

Shares of Interpublic Group of Companies stock opened at $30.81 on Monday. The Interpublic Group of Companies, Inc. has a 52-week low of $26.88 and a 52-week high of $35.17. The company has a 50 day moving average of $30.31 and a 200 day moving average of $30.48. 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 company has a market capitalization of $11.48 billion, a P/E ratio of 14.53 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The company’s revenue was down 2.9% compared to the same quarter last year. As a group, research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on IPG shares. UBS Group cut shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their price target for the company from $34.00 to $29.00 in a research report on Thursday, September 12th. Bank of America decreased 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. StockNews.com raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Barclays dropped their target price on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Finally, Macquarie reissued a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Interpublic Group of Companies presently has an average rating of “Hold” and a consensus target price 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.