Thor Advisors LLC bought a new position in shares of Interpublic Group of Companies Inc (NYSE:IPG) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,277 shares of the business services provider’s stock, valued at approximately $48,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC acquired a new stake in shares of Interpublic Group of Companies during the 4th quarter worth about $29,000. Marino Stram & Associates LLC acquired a new stake in shares of Interpublic Group of Companies during the 1st quarter worth about $30,000. Bremer Bank National Association acquired a new stake in shares of Interpublic Group of Companies during the 1st quarter worth about $35,000. Bremer Trust National Association acquired a new stake in shares of Interpublic Group of Companies during the 4th quarter worth about $40,000. Finally, NuWave Investment Management LLC lifted its stake in shares of Interpublic Group of Companies by 1,506.2% during the 1st quarter. NuWave Investment Management LLC now owns 2,088 shares of the business services provider’s stock worth $44,000 after buying an additional 1,958 shares during the last quarter. Institutional investors own 99.27% of the company’s stock.
In other Interpublic Group of Companies news, Director David M. Thomas purchased 8,650 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average cost of $23.12 per share, with a total value of $199,988.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.09% of the stock is currently owned by company insiders.
Separately, ValuEngine upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $25.38.
NYSE:IPG opened at $22.07 on Monday. Interpublic Group of Companies Inc has a 52 week low of $19.61 and a 52 week high of $25.10. The stock has a market cap of $8.54 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 3.63 and a beta of 1.06. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.96 and a current ratio of 0.96.
Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Friday, April 26th. The business services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Interpublic Group of Companies had a net margin of 6.31% and a return on equity of 32.74%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the firm earned $0.04 earnings per share. Interpublic Group of Companies’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts anticipate that Interpublic Group of Companies Inc will post 1.9 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Friday, May 31st. Interpublic Group of Companies’s dividend payout ratio is 50.54%.
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About Interpublic Group of Companies
The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.
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