BerganKDV Wealth Management LLC Purchases Shares of 30,005 Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

BerganKDV Wealth Management LLC acquired a new stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 30,005 shares of the business services provider’s stock, valued at approximately $738,000.

Several other large investors have also recently bought and sold shares of the company. First Midwest Bank Trust Division boosted its stake in Interpublic Group of Companies, Inc. (The) by 0.5% in the first quarter. First Midwest Bank Trust Division now owns 10,821 shares of the business services provider’s stock valued at $266,000 after buying an additional 50 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Interpublic Group of Companies, Inc. (The) by 1.8% in the first quarter. Oppenheimer & Co. Inc. now owns 9,235 shares of the business services provider’s stock valued at $227,000 after buying an additional 165 shares during the period. Winslow Evans & Crocker Inc. boosted its stake in Interpublic Group of Companies, Inc. (The) by 0.9% in the first quarter. Winslow Evans & Crocker Inc. now owns 23,100 shares of the business services provider’s stock valued at $568,000 after buying an additional 200 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in Interpublic Group of Companies, Inc. (The) by 2.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 10,392 shares of the business services provider’s stock valued at $239,000 after buying an additional 222 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Interpublic Group of Companies, Inc. (The) by 3.0% in the first quarter. Pacer Advisors Inc. now owns 7,744 shares of the business services provider’s stock valued at $190,000 after buying an additional 224 shares during the period. Institutional investors own 97.87% of the company’s stock.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) traded up 0.81% during mid-day trading on Monday, reaching $24.89. 2,252,790 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $24.47 and its 200-day moving average price is $24.17. The stock has a market cap of $9.83 billion, a price-to-earnings ratio of 16.18 and a beta of 1.56. Interpublic Group of Companies, Inc. has a 12-month low of $21.67 and a 12-month high of $25.37.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its earnings results on Friday, April 21st. The business services provider reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Interpublic Group of Companies, Inc. (The) had a net margin of 7.95% and a return on equity of 29.00%. The business’s quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts forecast that Interpublic Group of Companies, Inc. will post $1.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 19th. Shareholders of record on Monday, June 5th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Thursday, June 1st. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is currently 47.06%.

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A number of equities research analysts have commented on IPG shares. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, June 22nd. Royal Bank Of Canada set a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) and gave the stock a “buy” rating in a report on Monday, June 12th. Jefferies Group LLC restated a “buy” rating and issued a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, May 22nd. Telsey Advisory Group raised their price target on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. Finally, Wedbush restated an “outperform” rating and issued a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a report on Thursday, April 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $27.00.

In other Interpublic Group of Companies, Inc. (The) news, SVP Julie Connors sold 5,854 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total transaction of $142,018.04. Following the transaction, the senior vice president now owns 10,592 shares in the company, valued at approximately $256,961.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.49% of the stock is currently owned by corporate insiders.

Interpublic Group of Companies, Inc. (The) Company Profile

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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Institutional Ownership by Quarter for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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