Mutual of America Capital Management LLC Has $3.34 Million Stock Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

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Mutual of America Capital Management LLC raised its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating) by 0.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,177 shares of the business services provider’s stock after buying an additional 544 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Interpublic Group of Companies were worth $3,339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Core Alternative Capital acquired a new stake in Interpublic Group of Companies in the 4th quarter valued at approximately $25,000. Eaton Vance Management grew its holdings in Interpublic Group of Companies by 11.4% in the 4th quarter. Eaton Vance Management now owns 11,265 shares of the business services provider’s stock valued at $40,000 after buying an additional 1,156 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Interpublic Group of Companies by 252.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,206 shares of the business services provider’s stock valued at $43,000 after buying an additional 864 shares during the last quarter. HHM Wealth Advisors LLC acquired a new stake in Interpublic Group of Companies in the 1st quarter valued at approximately $52,000. Finally, Tobam grew its holdings in Interpublic Group of Companies by 198.4% in the 1st quarter. Tobam now owns 1,522 shares of the business services provider’s stock valued at $54,000 after buying an additional 1,012 shares during the last quarter. Institutional investors and hedge funds own 99.68% of the company’s stock.

Wall Street Analysts Forecast Growth

IPG has been the topic of several recent research reports. Citigroup decreased their price objective on Interpublic Group of Companies from $43.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, July 7th. Macquarie lowered Interpublic Group of Companies from an “outperform” rating to a “neutral” rating in a report on Thursday, June 23rd. JPMorgan Chase & Co. decreased their price objective on Interpublic Group of Companies from $45.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. StockNews.com initiated coverage on Interpublic Group of Companies in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Morgan Stanley decreased their price objective on Interpublic Group of Companies from $40.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, June 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $37.56.

Insider Buying and Selling at Interpublic Group of Companies

In other Interpublic Group of Companies news, Director Mary Guilfoile sold 6,301 shares of Interpublic Group of Companies stock in a transaction on Friday, May 6th. The stock was sold at an average price of $32.41, for a total value of $204,215.41. Following the completion of the transaction, the director now owns 102,803 shares in the company, valued at approximately $3,331,845.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Jocelyn Carter-Miller bought 6,764 shares of the company’s stock in a transaction dated Friday, April 29th. The stock was bought at an average price of $33.26 per share, for a total transaction of $224,970.64. Following the completion of the transaction, the director now directly owns 44,714 shares in the company, valued at approximately $1,487,187.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Guilfoile sold 6,301 shares of the business’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $32.41, for a total value of $204,215.41. Following the sale, the director now owns 102,803 shares of the company’s stock, valued at approximately $3,331,845.23. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of IPG stock opened at $28.71 on Wednesday. The stock’s fifty day simple moving average is $29.11 and its 200 day simple moving average is $33.06. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 9.54 and a beta of 1.03. The Interpublic Group of Companies, Inc. has a one year low of $26.36 and a one year high of $39.98.

Interpublic Group of Companies (NYSE:IPGGet Rating) last issued its quarterly earnings data on Thursday, July 21st. The business services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. Interpublic Group of Companies had a return on equity of 29.44% and a net margin of 9.16%. The firm had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the company posted $0.70 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts expect that The Interpublic Group of Companies, Inc. will post 2.69 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21st. Shareholders of record on Monday, June 6th were given a $0.29 dividend. The ex-dividend date was Friday, June 3rd. This represents a $1.16 annualized dividend and a yield of 4.04%. Interpublic Group of Companies’s payout ratio is 46.77%.

Interpublic Group of Companies Company Profile

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The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data science services.

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