2 weeks Ago By ABMN Staff
Sei Investments Co. lessened its holdings in shares of The Interpublic Group of Companies, Inc. ( NYSE:IPG – Free Report ) by 37.
4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 454,077 shares of the business services provider’s stock after selling 271,828 shares during the quarter. Sei Investments Co.
’s holdings in Interpublic Group of Companies were worth $12,723,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IPG. State Street Corp raised its position in shares of Interpublic Group of Companies by 15.
1% during the third quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock worth $943,993,000 after purchasing an additional 3,920,975 shares during the period. Assetmark Inc.
raised its holdings in Interpublic Group of Companies by 3.0% during the 4th quarter. Assetmark Inc.
now owns 42,496 shares of the business services provider’s stock worth $1,191,000 after buying an additional 1,238 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Interpublic Group of Companies by 240.9% in the third quarter.
Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider’s stock valued at $913,000 after buying an additional 20,395 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Interpublic Group of Companies by 69.5% in the fourth quarter.
Jones Financial Companies Lllp now owns 7,294 shares of the business services provider’s stock valued at $204,000 after buying an additional 2,991 shares during the period. Finally, Bridgewater Associates LP increased its position in shares of Interpublic Group of Companies by 956.5% during the third quarter.
Bridgewater Associates LP now owns 104,734 shares of the business services provider’s stock worth $3,313,000 after acquiring an additional 94,821 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In Several equities research analysts recently commented on the stock. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Friday, January 10th.
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 report on Thursday, February 13th.
Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $26.00 to $34.00 in a report on Tuesday, December 10th.
JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $32.00 to $39.
00 in a research note on Monday, January 27th. Finally, Barclays raised shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the stock 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 company’s stock. According to MarketBeat.
com, the company currently has an average rating of “Hold” and a consensus target price of $33.50. Insider Buying and Selling at Interpublic Group of Companies In related news, CFO Ellen Tobi Johnson sold 21,427 shares of the business’s stock in a transaction that occurred on Monday, March 3rd.
The stock was 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 of the company’s stock, valued at approximately $3,845,263.86. The trade was a 13.
00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Corporate insiders own 0.
42% of the company’s stock. Interpublic Group of Companies Trading Down 0.4 % NYSE IPG opened at $26.
29 on Friday. The Interpublic Group of Companies, Inc. has a 12 month low of $25.
85 and a 12 month high of $33.05. 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 stock has a 50 day moving average of $27.40 and a 200-day moving average of $28.92.
The company has a market cap of $9.80 billion, a PE ratio of 14.37 and a beta of 1.
14. Interpublic Group of Companies ( NYSE:IPG – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.
11 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.
On average, equities research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.
Interpublic Group of Companies Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.33 per share.
This represents a $1.32 dividend on an annualized basis and a yield of 5.02%.
The ex-dividend date of this dividend was Monday, March 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 72.13%.
Interpublic Group of Companies declared that its board has approved a stock buyback plan on Wednesday, February 12th that authorizes the company to repurchase $155.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 1.
6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued. About 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. Recommended Stories Want to see what other hedge funds are holding IPG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Interpublic Group of Companies, Inc. ( NYSE:IPG – Free Report ). Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.
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