The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,478 shares of the business services provider’s stock after acquiring an additional 4,344 shares during the period. TD Waterhouse Canada Inc.’s holdings in Interpublic Group of Companies were worth $1,302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of IPG. Allworth Financial LP raised its position in shares of Interpublic Group of Companies by 75.8% during the 4th quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock worth $31,000 after purchasing an additional 480 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Interpublic Group of Companies in the fourth quarter worth $36,000. GeoWealth Management LLC lifted its position in shares of Interpublic Group of Companies by 20.7% in the fourth quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider’s stock valued at $94,000 after acquiring an additional 573 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Interpublic Group of Companies during the third quarter valued at $107,000. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in Interpublic Group of Companies during the 4th quarter worth about $141,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insider Buying and Selling at Interpublic Group of Companies

In other Interpublic Group of Companies 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 completion of the sale, the chief financial officer now owns 143,373 shares of the company’s stock, valued at $3,845,263.86. This trade represents a 13.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IPG has been the topic of a number of recent research reports. StockNews.com assumed coverage on shares of Interpublic Group of Companies in a report on Friday, April 18th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $32.00 to $39.00 in a research report on Monday, January 27th. Barclays upgraded Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $32.00 to $36.00 in a report on Friday, January 24th. Citigroup restated a “buy” rating and set a $35.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, April 15th. Finally, UBS Group upgraded Interpublic Group of Companies from a “sell” rating to a “neutral” rating and dropped their target price for the company from $29.00 to $27.00 in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.67.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $25.13 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The Interpublic Group of Companies, Inc. has a 1-year low of $22.51 and a 1-year high of $33.05. The firm has a market capitalization of $9.36 billion, a P/E ratio of 13.73 and a beta of 1.01. The business’s 50-day simple moving average is $25.89 and its 200-day simple moving average is $27.98.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Interpublic Group of Companies had a net margin of 6.45% and a return on equity of 27.10%. Equities analysts predict that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies announced that its board has authorized a share buyback plan on Wednesday, February 12th that permits the company to buyback $155.00 million in shares. This buyback authorization permits the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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 issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.32 annualized dividend and a yield of 5.25%. Interpublic Group of Companies’s dividend payout ratio is currently 72.13%.

Interpublic Group of Companies Company 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.