Arkadios Wealth Advisors Grows Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Arkadios Wealth Advisors lifted its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 23.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,603 shares of the business services provider’s stock after acquiring an additional 24,651 shares during the quarter. Arkadios Wealth Advisors’ holdings in Interpublic Group of Companies were worth $3,631,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Merit Financial Group LLC boosted its position in Interpublic Group of Companies by 11.6% during the fourth quarter. Merit Financial Group LLC now owns 21,612 shares of the business services provider’s stock worth $606,000 after purchasing an additional 2,249 shares in the last quarter. Avanza Fonder AB purchased a new position in shares of Interpublic Group of Companies during the 4th quarter valued at approximately $784,000. Empirical Asset Management LLC acquired a new stake in Interpublic Group of Companies in the 4th quarter valued at $421,000. Gateway Investment Advisers LLC purchased a new stake in Interpublic Group of Companies in the 4th quarter worth $441,000. Finally, Park Avenue Securities LLC raised its position in Interpublic Group of Companies by 4.5% during the fourth quarter. Park Avenue Securities LLC now owns 28,238 shares of the business services provider’s stock worth $791,000 after acquiring an additional 1,205 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Price Performance

IPG stock opened at $27.84 on Friday. The Interpublic Group of Companies, Inc. has a 1 year low of $26.30 and a 1 year high of $35.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $10.37 billion, a PE ratio of 13.13 and a beta of 1.11. The business has a 50 day simple moving average of $28.83 and a 200-day simple moving average of $30.04.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results 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 27.76% 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 period in the prior year, the business earned $0.70 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Equities research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend was Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Analyst Ratings Changes

Several brokerages have recently issued reports on IPG. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. Barclays lowered 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. Finally, Macquarie reiterated 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Interpublic Group of Companies has a consensus rating of “Hold” and a consensus price target of $32.50.

Interpublic Group of Companies Company 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.