Semanteon Capital Management LP Buys New Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG)

by · The Cerbat Gem

Semanteon Capital Management LP purchased a new position in The Interpublic Group of Companies, Inc. (NYSE:IPG – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 26,154 shares of the business services provider’s stock, valued at approximately $827,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Wealth Asset Management LLC lifted its holdings in Interpublic Group of Companies by 3.3% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 10,923 shares of the business services provider’s stock worth $356,000 after purchasing an additional 347 shares in the last quarter. Richardson Financial Services Inc. increased its holdings in Interpublic Group of Companies by 8.4% in the 1st quarter. Richardson Financial Services Inc. now owns 4,530 shares of the business services provider’s stock valued at $148,000 after acquiring an additional 350 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of Interpublic Group of Companies by 73.8% during the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 375 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Interpublic Group of Companies by 2.2% during the second quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock valued at $494,000 after purchasing an additional 382 shares in the last quarter. Finally, Ballentine Partners LLC increased its holdings in shares of Interpublic Group of Companies by 2.9% in the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock worth $445,000 after purchasing an additional 399 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Trading Up 0.7 %

Shares of NYSE IPG traded up $0.20 during mid-day trading on Monday, reaching $30.00. The company had a trading volume of 176,053 shares, compared to its average volume of 3,921,547. The Interpublic Group of Companies, Inc. has a 52 week low of $27.68 and a 52 week high of $35.17. The business’s 50-day moving average is $31.33 and its 200-day moving average is $30.72. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 4.97 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75.

Interpublic Group of Companies (NYSE:IPG – Get Free Report) 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. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.51%. During the same period last year, the company posted $0.70 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts expect that The Interpublic Group of Companies, Inc. will post 2.83 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend was Tuesday, September 3rd. Interpublic Group of Companies’s payout ratio is 46.98%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group cut Interpublic Group of Companies from a “neutral” rating to a “sell” rating and cut their price target for the company from $34.00 to $29.00 in a report on Thursday, September 12th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $26.00 price target (down previously from $28.00) on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Macquarie reiterated a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. BNP Paribas downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Finally, StockNews.com cut Interpublic Group of Companies from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. Five analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Interpublic Group of Companies has a consensus rating of “Hold” and an average target price of $30.57.

Get Our Latest Stock Analysis on IPG

About Interpublic Group of Companies

(Free Report)

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.

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