Stevens Capital Management LP Invests $882,000 in Interpublic Group of Companies Inc (IPG)

Stevens Capital Management LP purchased a new stake in shares of Interpublic Group of Companies Inc (NYSE:IPG) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 38,304 shares of the business services provider’s stock, valued at approximately $882,000.

Several other hedge funds have also made changes to their positions in the stock. Buckingham Capital Management Inc. lifted its stake in shares of Interpublic Group of Companies by 13.4% during the 3rd quarter. Buckingham Capital Management Inc. now owns 20,075 shares of the business services provider’s stock valued at $417,000 after buying an additional 2,370 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Interpublic Group of Companies by 15.8% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,515 shares of the business services provider’s stock valued at $414,000 after buying an additional 2,792 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Interpublic Group of Companies by 3.5% during the 4th quarter. Amalgamated Bank now owns 83,110 shares of the business services provider’s stock valued at $1,675,000 after buying an additional 2,814 shares in the last quarter. HL Financial Services LLC lifted its stake in shares of Interpublic Group of Companies by 7.1% during the 1st quarter. HL Financial Services LLC now owns 46,892 shares of the business services provider’s stock valued at $1,080,000 after buying an additional 3,107 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of Interpublic Group of Companies by 18.4% during the 4th quarter. D.A. Davidson & CO. now owns 22,061 shares of the business services provider’s stock valued at $445,000 after buying an additional 3,425 shares in the last quarter. Institutional investors own 99.46% of the company’s stock.

In other news, Director H John Greeniaus sold 33,573 shares of the stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $24.15, for a total value of $810,787.95. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary Guilfoile sold 8,392 shares of the stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $24.04, for a total transaction of $201,743.68. The disclosure for this sale can be found here. 1.32% of the stock is owned by corporate insiders.



A number of analysts recently commented on IPG shares. Zacks Investment Research upgraded shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, May 16th. Pivotal Research reaffirmed a “hold” rating and set a $26.00 target price on shares of Interpublic Group of Companies in a report on Monday, February 19th. Royal Bank of Canada reaffirmed a “hold” rating and set a $26.00 target price on shares of Interpublic Group of Companies in a report on Thursday, February 15th. Wells Fargo & Co reaffirmed a “hold” rating and set a $26.00 target price on shares of Interpublic Group of Companies in a report on Monday, April 30th. Finally, Atlantic Securities raised shares of Interpublic Group of Companies from an “underweight” rating to a “neutral” rating in a report on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.73.

Shares of Interpublic Group of Companies opened at $23.58 on Friday, MarketBeat Ratings reports. The firm has a market capitalization of $9.09 billion, a PE ratio of 16.72, a P/E/G ratio of 1.83 and a beta of 1.28. Interpublic Group of Companies Inc has a one year low of $18.30 and a one year high of $26.01. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.95 and a current ratio of 0.95.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Friday, April 27th. The business services provider reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. Interpublic Group of Companies had a return on equity of 26.05% and a net margin of 6.55%. Interpublic Group of Companies’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 EPS. research analysts expect that Interpublic Group of Companies Inc will post 1.75 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Monday, June 4th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Friday, June 1st. Interpublic Group of Companies’s payout ratio is 59.57%.

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.

Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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