2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. reduced its position in The Interpublic Group of Companies, Inc. (NYSE:IPG – Free Report) by 26.
0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,002,915 shares of the business services provider’s stock after selling 703,152 shares during the quarter. JPMorgan Chase & Co.
owned approximately 0.54% of Interpublic Group of Companies worth $56,122,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also added to or reduced their stakes in IPG.
State Street Corp raised its stake in shares of Interpublic Group of Companies by 15.1% in the third quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after acquiring an additional 3,920,975 shares during the last quarter.
Charles Schwab Investment Management Inc. boosted its stake in Interpublic Group of Companies by 4.1% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 12,938,530 shares of the business services provider’s stock valued at $362,538,000 after acquiring an additional 511,607 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Interpublic Group of Companies by 0.
9% in the 3rd quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock worth $298,107,000 after purchasing an additional 81,265 shares during the last quarter. Pacer Advisors Inc.
boosted its holdings in Interpublic Group of Companies by 25,637.0% during the fourth quarter. Pacer Advisors Inc.
now owns 7,403,256 shares of the business services provider’s stock worth $207,439,000 after buying an additional 7,374,491 shares during the last quarter. Finally, Amundi raised its position in shares of Interpublic Group of Companies by 133.6% in the 4th quarter.
Amundi now owns 5,402,201 shares of the business services provider’s stock valued at $150,393,000 after acquiring an additional 3,089,387 shares during the period. Institutional investors own 98.43% of the company’s stock.
Interpublic Group of Companies Trading Down 3.6 %NYSE IPG opened at $23.70 on Friday.
The Interpublic Group of Companies, Inc. has a 52 week low of $23.67 and a 52 week high of $33.
05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.
09 and a current ratio of 1.09. The stock’s 50 day moving average price is $27.
13 and its two-hundred day moving average price is $28.73. The stock has a market capitalization of $8.
83 billion, a price-to-earnings ratio of 12.95 and a beta of 1.14.
Interpublic Group of Companies (NYSE:IPG – Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.
15 by ($0.04). Interpublic Group of Companies had a return on equity of 27.
10% and a net margin of 6.45%. As a group, 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 DividendThe business also recently announced a quarterly dividend, which was paid on Monday, March 17th.
Investors of record on Monday, March 3rd were given a $0.33 dividend. This represents a $1.
32 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend was Monday, March 3rd.
Interpublic Group of Companies’s dividend payout ratio is currently 72.13%. Interpublic Group of Companies declared that its board has authorized a stock repurchase program on Wednesday, February 12th that permits the company to buyback $155.
00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 1.6% of its stock through open market purchases.
Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued. Wall Street Analyst Weigh InSeveral equities research analysts have commented on IPG shares. StockNews.
com began coverage on shares of Interpublic Group of Companies in a research note on Wednesday. They issued a “hold” rating for the company. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $26.
00 to $34.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co.
raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $32.00 to $39.00 in a research note on Monday, January 27th.
UBS Group raised Interpublic Group of Companies from a “sell” rating to a “neutral” rating and decreased their target price for the company from $29.00 to $27.00 in a research note on Thursday, February 13th.
Finally, Argus lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. 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 company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.
50.View Our Latest Stock Report on Interpublic Group of CompaniesInsider Buying and SellingIn related 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 directly owns 143,373 shares in the company, valued at approximately $3,845,263.
86. The trade was a 13.00 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.
Interpublic Group of Companies Company Profile (Free Report)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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