The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 10.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,402,349 shares of the business services provider’s stock after acquiring an additional 417,741 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Interpublic Group of Companies were worth $139,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Interpublic Group of Companies by 9.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 954,703 shares of the business services provider’s stock worth $30,197,000 after purchasing an additional 79,404 shares during the last quarter. FORA Capital LLC purchased a new position in shares of Interpublic Group of Companies during the third quarter worth about $1,935,000. Bridgewater Associates LP increased its position in Interpublic Group of Companies by 956.5% in the 3rd quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider’s stock valued at $3,313,000 after acquiring an additional 94,821 shares during the period. Hardy Reed LLC purchased a new stake in Interpublic Group of Companies during the 3rd quarter valued at approximately $203,000. Finally, Townsquare Capital LLC acquired a new stake in Interpublic Group of Companies during the 3rd quarter worth approximately $215,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG opened at $30.81 on Monday. The Interpublic Group of Companies, Inc. has a 12 month low of $26.88 and a 12 month high of $35.17. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 14.53 and a beta of 1.10. The business’s 50 day simple moving average is $30.31 and its 200-day simple moving average is $30.48. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09.

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 for the quarter, meeting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the business posted $0.70 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

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

Analyst Upgrades and Downgrades

IPG has been the topic of a number of recent research reports. Barclays dropped their target price on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. UBS Group cut shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and cut their price target for the stock 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 objective (down previously from $28.00) on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Finally, BNP Paribas cut Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and an average target price of $30.57.

About Interpublic Group of Companies

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.