Olympiad Research LP Has $928,000 Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Olympiad Research LP grew its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 249.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,134 shares of the business services provider’s stock after purchasing an additional 23,665 shares during the quarter. Interpublic Group of Companies comprises 1.0% of Olympiad Research LP’s portfolio, making the stock its 22nd biggest holding. Olympiad Research LP’s holdings in Interpublic Group of Companies were worth $928,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its position in Interpublic Group of Companies by 9.7% during the third quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock worth $131,000 after buying an additional 365 shares in the last quarter. Ballentine Partners LLC grew its position in Interpublic Group of Companies by 2.9% during the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock worth $445,000 after buying an additional 399 shares in the last quarter. Empirical Finance LLC grew its position in Interpublic Group of Companies by 1.3% during the third quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider’s stock worth $1,031,000 after buying an additional 409 shares in the last quarter. West Oak Capital LLC grew its position in Interpublic Group of Companies by 0.8% during the fourth quarter. West Oak Capital LLC now owns 55,595 shares of the business services provider’s stock worth $1,558,000 after buying an additional 435 shares in the last quarter. Finally, Allworth Financial LP grew its position in Interpublic Group of Companies by 75.8% during the fourth quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock worth $31,000 after buying an additional 480 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Performance

NYSE:IPG opened at $27.08 on Friday. The Interpublic Group of Companies, Inc. has a 1 year low of $26.30 and a 1 year high of $35.17. The firm has a 50 day moving average of $28.03 and a 200-day moving average of $29.72. 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 stock has a market capitalization of $10.09 billion, a P/E ratio of 14.80 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Wednesday, February 12th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.04). Interpublic Group of Companies had a net margin of 6.45% and a return on equity of 27.10%. As a group, sell-side analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies declared that its board has initiated a share repurchase plan on Wednesday, February 12th that permits the company to repurchase $155.00 million in shares. This repurchase authorization permits the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Monday, March 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 72.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IPG shares. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. StockNews.com assumed coverage on Interpublic Group of Companies in a research report on Friday. They set a “hold” rating on the stock. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, January 10th. Argus cut shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $32.00 to $39.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and an average price target of $33.50.

Interpublic Group of Companies 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.