Mirabella Financial Services LLP Raises Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Mirabella Financial Services LLP increased its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 40,126 shares of the business services provider’s stock after buying an additional 1,572 shares during the period. Mirabella Financial Services LLP’s holdings in Interpublic Group of Companies were worth $1,253,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in IPG. Catalyst Capital Advisors LLC purchased a new stake in shares of Interpublic Group of Companies during the third quarter worth about $26,000. Benjamin Edwards Inc. raised its holdings in 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 worth $26,000 after purchasing an additional 375 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Interpublic Group of Companies in the third quarter valued at $32,000. Hazlett Burt & Watson Inc. grew its position in Interpublic Group of Companies by 652.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock worth $30,000 after purchasing an additional 900 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Interpublic Group of Companies during the 2nd quarter worth approximately $32,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on IPG shares. Barclays decreased their price objective on shares of 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. BNP Paribas lowered shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. UBS Group lowered shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and cut their price objective for the company from $34.00 to $29.00 in a research report on Thursday, September 12th. StockNews.com raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $26.00 price objective (down from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Interpublic Group of Companies presently has an average rating of “Hold” and an average target price of $30.57.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG opened at $29.80 on Monday. The firm has a 50 day moving average of $30.37 and a 200-day moving average of $30.51. The stock has a market capitalization of $11.10 billion, a PE ratio of 13.95 and a beta of 1.10. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The Interpublic Group of Companies, Inc. has a 12 month low of $26.88 and a 12 month high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly 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 net margin of 7.44% and a return on equity of 27.76%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the firm posted $0.70 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. On average, equities research analysts predict that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

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

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.