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Schroder Investment Management Group grew its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG – Free Report) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,888 shares of the business services provider’s stock after acquiring an additional 1,267 shares during the period. Schroder Investment Management Group’s holdings in Interpublic Group of Companies were worth $3,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of IPG. Allworth Financial LP lifted 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 valued at $31,000 after purchasing an additional 480 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Interpublic Group of Companies during the 4th quarter valued at about $36,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Interpublic Group of Companies during the 3rd quarter valued at about $107,000. Virtu Financial LLC purchased a new stake in Interpublic Group of Companies in the 3rd quarter worth approximately $206,000. Finally, Townsquare Capital LLC bought a new stake in Interpublic Group of Companies during the 3rd quarter worth approximately $215,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.
Interpublic Group of Companies Stock Performance
NYSE:IPG opened at $23.70 on Friday. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 12.95 and a beta of 1.14. The Interpublic Group of Companies, Inc. has a 1 year low of $23.67 and a 1 year high of $33.05. The stock’s 50 day simple moving average is $27.13 and its two-hundred day simple moving average is $28.73. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09.
Interpublic Group of Companies (NYSE:IPG – Get Free Report) last released its quarterly 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, equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.
Interpublic Group of Companies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.33 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.32 annualized dividend and a yield of 5.57%. Interpublic Group of Companies’s dividend payout ratio is currently 72.13%.
Interpublic Group of Companies announced that its board has authorized a share buyback program on Wednesday, February 12th that permits the company to repurchase $155.00 million in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on IPG shares. 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 report on Friday, January 10th. JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $32.00 to $39.00 in a research note on Monday, January 27th. StockNews.com began coverage on Interpublic Group of Companies in a research report on Wednesday. They issued a “hold” rating on the stock. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. Finally, Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $32.00 to $36.00 in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $33.50.
Read Our Latest Analysis on Interpublic Group of Companies
Insiders Place Their Bets
In other Interpublic Group of Companies news, CFO Ellen Tobi Johnson sold 21,427 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $26.82, for a total transaction of $574,672.14. Following the transaction, the chief financial officer now owns 143,373 shares in the company, valued at $3,845,263.86. The trade was a 13.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by insiders.
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.
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