DekaBank Deutsche Girozentrale Increases Its Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

The SEC’s most recent filing reveals that during the third quarter, DekaBank Deutsche Girozentrale increased the shares of The Interpublic Group of Companies, Inc. (NYSE: IPG), which is owned by 21.8%. During the quarter, the investment fund increased its overall holdings of the provider of business services stock by 125,591 shares, bringing the total number of shares it possessed to 701,584. At the end of the most recent financial quarter, DekaBank Deutsche Girozentrale held 0.18% of the Interpublic Group of Companies stock, which had a value of $17,860,000 at the time the quarter came to a close.

DekaBank Deutsche Girozentrale Increases Its Shares Of The Interpublic Group Of Companies, Inc. (NYSE:IPG)

Recently, several other institutional investors and hedge funds altered the positions that they currently hold in IPG. These changes were made in response to recent market events. First Trust Advisors LP saw a 1,196.9% increase in the value of its assets held within the Interpublic Group of Companies during the first three months of the year. First Trust Advisors LP currently holds 6,280,702 shares of the business services provider’s stock after purchasing an additional 5,796,432 shares during the most recent quarter. Based on the current stock price, this gives the company a market value of approximately $222,651,000. Vanguard Group Inc. increased the amount of stock it held in Interpublic Group of Companies by 2.3% over the first quarter. Following the acquisition of an additional 1,075,059 shares during the relevant period, Vanguard Group Inc. now holds a total of 47,707,617 shares of the stock held by the business services provider. The value of these shares on the market as of right now is $1,691,233,000. Amundi increased its shareholding in the businesses that are a part of the Interpublic Group of Companies by 11.8% during the second quarter of the fiscal year. Amundi has now accumulated 7,694,955 shares of the business services provider’s stock after purchasing an additional 814,600 shares during the period in question. The value of these shares on the market as of right now is $211,785,000. The National Pension Service increased its stake in the Interpublic Group of Companies by 377.5 percent during the year’s first three months. The National Pension Service now has a total of 909,357 shares of the business services provider’s stock after purchasing an additional 718,905 shares during the most recent period. These shares are currently worth a total of 32,237,000 dollars as of right now. Last but certainly not least, during the second quarter of 2018, JPMorgan Chase & Co. increased the proportion of Interpublic Group of Companies stock owned by 27.9%. After making purchases totaling 605,460 shares during the time above period, JPMorgan Chase & Co. now owns a total of 2,773,556 shares of the business services provider’s stock, which have a combined value of $76,356,000. The company’s stock is held collectively by hedge funds and other institutional investors to the extent that 96.75 percent of it is held.

DekaBank Deutsche Girozentrale Increases Its Shares Of The Interpublic Group Of Companies, Inc. (NYSE:IPG)

Recently, reports on IPG have been published by a few different brokerage companies. These papers are located at this location. The Interpublic Group of Companies was the subject of StockNews.com’s first research note, published on October 12 and related to the company it will be covering. They advised their clients to “hold” the stock moving forward. The rating of Interpublic Group of Companies was changed from “underperform” to “neutral” by Bank of America on Thursday, January 5. This reflects the fact that the company’s prospects have significantly improved. The price objective for the company has also been increased and is now set at $36.00, up from $22.00 previously. In a research report published on Monday, December 19, Morgan Stanley raised their price target on Interpublic Group of Companies from $33.00 to $35.00 and rated the stock “equal weight.” This was the last and most recent piece of noteworthy news regarding the stock. Seven market researchers have suggested that investors buy company shares, while six have stated that investors should keep their holdings the same. According to Bloomberg.com, the current consensus rating for the company is “Moderate Buy,” and the average price goal for the company is currently set at $36.25 per share.

DekaBank Deutsche Girozentrale Increases Its Shares Of The Interpublic Group Of Companies, Inc. (NYSE:IPG)

IPG stock officially started trading for the first time on Thursday for $35.61 per share. The value of the current ratio is 1.04; the value of the quick ratio is also 1.04; and the ratio that compares debt to equity is 0.84. The moving average of the company’s performance over the past 200 days is $30.23, while the moving average over the past 50 days is $33.68. The company has a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 3.60, and a beta value of 1.08. The market value of the company is $13.84 billion. The Interpublic Group of Companies, Inc. hit an all-time low of $25.14 during the past year, while the company reached an all-time high of $39.98 during the same period.

DekaBank Deutsche Girozentrale Increases Its Shares Of The Interpublic Group Of Companies, Inc. (NYSE:IPG)

On Friday, October 21, the most recent quarterly results report produced by Interpublic Group of Companies (NYSE: IPG) was made public. The company announced earnings of $0.63 per share for the quarter, which is $0.04 higher than the consensus estimate of $0.59 per share. The company’s revenue for the quarter was $2.30 billion, which is significantly higher than the forecasted figure of $2.29 billion that analysts provided. The Interpublic Group of Companies had a return on equity of 28.78% and a net margin of 9.18%. Both of these figures are percentages based on the return on equity. According to projections made by sell-side analysts, the Interpublic Group of Companies, Inc., is expected to bring in revenue of $2.74 per share during the current fiscal year.

DekaBank Deutsche Girozentrale Increases Its Shares Of The Interpublic Group Of Companies, Inc. (NYSE:IPG)

A quarterly dividend was just recently declared and distributed by the company, and it was distributed on December 15. In addition, the company just recently announced and distributed a dividend. On December 1, stockholders of record were entitled to receive a dividend payment of $0.29. This payment was made payable. This results in a dividend yield of 3.26 percent and an annual dividend payment of 1.16 dollars. On November 30, the shareholders were each given a dividend payment for their investment in the company. The current dividend payout ratio for the Interpublic Group of Companies is 46.03 percent. This figure was just recently updated.

DekaBank Deutsche Girozentrale Increases Its Shares Of The Interpublic Group Of Companies, Inc. (NYSE:IPG)

The Interpublic Group of Companies, Inc., is widely regarded as the industry’s preeminent leader in terms of the provision of advertising and marketing services on a global scale. At the moment, it is composed of two departments: Integrated Agency Networks (IAN) and IPG DXTRA. Some of the organization’s services include consumer advertising, digital marketing, communications planning, media procurement, public relations, specialist communications disciplines, and data science.

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