1 day Ago By ABMN Staff
Wells Fargo & Company MN decreased its holdings in The Interpublic Group of Companies, Inc. ( NYSE:IPG – Free Report ) by 28.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 683,464 shares of the business services provider’s stock after selling 272,602 shares during the quarter. Wells Fargo & Company MN owned 0.18% of Interpublic Group of Companies worth $19,151,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in shares of 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 buying an additional 511,607 shares in the last quarter.
Geode Capital Management LLC increased its stake in Interpublic Group of Companies by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 9,531,530 shares of the business services provider’s stock worth $266,614,000 after acquiring an additional 81,996 shares during the period.
Pacer Advisors Inc. raised its holdings in Interpublic Group of Companies by 25,637.0% in the 4th quarter.
Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider’s stock valued at $207,439,000 after acquiring an additional 7,374,491 shares in the last quarter. Amundi lifted its position in shares of Interpublic Group of Companies by 133.
6% during 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. Finally, Bank of New York Mellon Corp grew its holdings in shares of Interpublic Group of Companies by 7.
8% during the 4th quarter. Bank of New York Mellon Corp now owns 4,271,759 shares of the business services provider’s stock worth $119,695,000 after purchasing an additional 310,621 shares in the last quarter. Institutional investors own 98.
43% of the company’s stock. Insider Transactions at Interpublic Group of Companies In other news, CFO Ellen Tobi Johnson sold 21,427 shares of the 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 completion of the sale, the chief financial officer now directly owns 143,373 shares in the company, valued at $3,845,263.
86. This represents a 13.00 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is available through the SEC website . 0.42% of the stock is owned by corporate insiders.
Interpublic Group of Companies Stock Up 2.2 % Interpublic Group of Companies ( NYSE:IPG – Get Free Report ) last issued 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 return on equity of 27.10% and a net margin of 6.45%.
On average, research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.
Interpublic Group of Companies announced that its Board of Directors has authorized a share buyback program on Wednesday, February 12th that allows the company to buyback $155.00 million in shares. This buyback authorization allows the business services provider to purchase up to 1.
6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued. Interpublic Group of Companies Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, March 17th.
Stockholders of record on Monday, March 3rd were paid a $0.33 dividend. The ex-dividend date was Monday, March 3rd.
This represents a $1.32 annualized dividend and a dividend yield of 5.37%.
Interpublic Group of Companies’s payout ratio is 72.13%. Analysts Set New Price Targets IPG has been the topic of a number of analyst reports.
Argus downgraded shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of 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 report on Monday, January 27th. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.
00 price objective for the company in a research report on Friday, January 10th. Barclays upgraded Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $32.00 to $36.
00 in a research note on Friday, January 24th. Finally, UBS Group upgraded Interpublic Group of Companies from a “sell” rating to a “neutral” rating and decreased their price target for the company from $29.00 to $27.
00 in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.
50. View Our Latest Stock Analysis on Interpublic Group of Companies 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. Featured Articles 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.com's FREE daily email newsletter .
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