19 hours Ago By Defense World Staff
LPL Financial LLC increased its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG – Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 465,454 shares of the business services provider’s stock after acquiring an additional 4,177 shares during the period. LPL Financial LLC owned approximately 0.12% of Interpublic Group of Companies worth $13,042,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Townsquare Capital LLC bought a new stake in shares of Interpublic Group of Companies in the 3rd quarter worth about $215,000. Public Sector Pension Investment Board raised its holdings in shares of Interpublic Group of Companies by 11.
1% in the third quarter. Public Sector Pension Investment Board now owns 16,071 shares of the business services provider’s stock worth $508,000 after buying an additional 1,600 shares during the period. Verition Fund Management LLC boosted its holdings in Interpublic Group of Companies by 311.
7% during the 3rd quarter. Verition Fund Management LLC now owns 137,915 shares of the business services provider’s stock valued at $4,362,000 after acquiring an additional 104,420 shares during the period. Holocene Advisors LP increased its stake in Interpublic Group of Companies by 127.
2% in the third quarter. Holocene Advisors LP now owns 298,002 shares of the business services provider’s stock worth $9,426,000 after purchasing an additional 166,839 shares during the period. Finally, Hilltop Holdings Inc.
lifted its position in shares of Interpublic Group of Companies by 35.2% during the third quarter. Hilltop Holdings Inc.
now owns 52,369 shares of the business services provider’s stock worth $1,656,000 after purchasing an additional 13,633 shares during the last quarter. 98.43% of the stock is owned by institutional investors.
Insiders Place Their BetsIn related news, CFO Ellen Tobi Johnson sold 21,427 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $26.82, for a total value of $574,672.
14. Following the transaction, the chief financial officer now owns 143,373 shares in the company, valued at approximately $3,845,263.86.
This represents a 13.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Corporate insiders own 0.42% of the company’s stock. Interpublic Group of Companies Price PerformanceNYSE IPG opened at $26.
07 on Thursday. The Interpublic Group of Companies, Inc. has a 12-month low of $25.
81 and a 12-month high of $33.05. The firm’s fifty day simple moving average is $27.
30 and its two-hundred day simple moving average is $28.83. 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 firm has a market capitalization of $9.71 billion, a P/E ratio of 14.25 and a beta of 1.
14. 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 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%.
Analysts forecast 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 allows the company to buyback $155.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 1.
6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued. Interpublic Group of Companies Announces DividendThe business also recently declared a quarterly dividend, which was paid on Monday, March 17th.
Shareholders of record on Monday, March 3rd were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, March 3rd.
This represents a $1.32 dividend on an annualized basis and a yield of 5.06%.
Interpublic Group of Companies’s payout ratio is 72.13%. Wall Street Analyst Weigh InA number of equities research analysts recently weighed in on IPG shares.
JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $32.00 to $39.
00 in a report on Monday, January 27th. StockNews.com started coverage on Interpublic Group of Companies in a research report on Wednesday.
They set a “hold” rating for the company. UBS Group upgraded Interpublic Group of Companies from a “sell” rating to a “neutral” rating and cut their price target for the company from $29.00 to $27.
00 in a research note on Thursday, February 13th. Argus cut shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $26.
00 to $34.00 in a report on Tuesday, December 10th. 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 company’s stock.
According to data from MarketBeat.com, Interpublic Group of Companies currently has a consensus rating of “Hold” and an average target price of $33.50.
Check Out Our Latest Report on Interpublic Group of CompaniesAbout Interpublic Group of Companies (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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