The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Addison Advisors LLC

Addison Advisors LLC reduced its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,757 shares of the business services provider’s stock after selling 914 shares during the period. Addison Advisors LLC’s holdings in Interpublic Group of Companies were worth $105,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IPG. State Street Corp grew its stake 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 valued at $943,993,000 after acquiring an additional 3,920,975 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Interpublic Group of Companies by 240.9% during the third quarter. Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider’s stock valued at $913,000 after acquiring an additional 20,395 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Interpublic Group of Companies by 2,679.9% during the third quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider’s stock valued at $965,000 after acquiring an additional 29,425 shares in the last quarter. ING Groep NV acquired a new stake in shares of Interpublic Group of Companies during the third quarter valued at about $1,589,000. Finally, Bridgewater Associates LP grew its stake 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 valued at $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 and hedge funds.

Interpublic Group of Companies Stock Performance

Shares of IPG stock opened at $27.78 on Wednesday. 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 company’s 50-day simple moving average is $27.95 and its 200-day simple moving average is $29.68. The Interpublic Group of Companies, Inc. has a one year low of $26.30 and a one year high of $35.17. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 15.18 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.11 earnings per share (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%. Equities 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 declared that its Board of Directors has initiated a share buyback program on Wednesday, February 12th that allows the company to repurchase $155.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy up to 1.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 4.75%. Interpublic Group of Companies’s dividend payout ratio is currently 72.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IPG. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. StockNews.com started coverage on Interpublic Group of Companies in a research note on Friday, February 21st. They set a “hold” rating for the company. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. raised 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. Finally, Barclays raised shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. One 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.50.

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.