The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Tredje AP fonden

Tredje AP fonden decreased its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,002 shares of the business services provider’s stock after selling 30,002 shares during the quarter. Tredje AP fonden’s holdings in Interpublic Group of Companies were worth $841,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Empirical Finance LLC raised its holdings in shares of Interpublic Group of Companies by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider’s stock valued at $1,031,000 after purchasing an additional 409 shares in the last quarter. West Oak Capital LLC raised its stake in Interpublic Group of Companies by 0.8% in the fourth quarter. West Oak Capital LLC now owns 55,595 shares of the business services provider’s stock valued at $1,558,000 after buying an additional 435 shares in the last quarter. Allworth Financial LP lifted its holdings in 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 buying an additional 480 shares during the last quarter. Proactive Wealth Strategies LLC boosted its position in shares of Interpublic Group of Companies by 5.8% during the 4th quarter. Proactive Wealth Strategies LLC now owns 11,094 shares of the business services provider’s stock worth $311,000 after acquiring an additional 607 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Interpublic Group of Companies by 5.8% in the 4th quarter. First Horizon Advisors Inc. now owns 11,507 shares of the business services provider’s stock valued at $322,000 after acquiring an additional 630 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Up 1.4 %

IPG opened at $26.47 on Friday. The business has a 50 day moving average price of $27.63 and a two-hundred day moving average price of $29.30. The Interpublic Group of Companies, Inc. has a 52 week low of $25.93 and a 52 week high of $33.29. The company has a market cap of $9.86 billion, a PE ratio of 14.46 and a beta of 1.14. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.11 earnings per share 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%. As a group, research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.99%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 72.13%.

Interpublic Group of Companies declared that its board has initiated a stock buyback program on Wednesday, February 12th that allows the company to repurchase $155.00 million in shares. This repurchase authorization allows the business services provider to buy up to 1.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on IPG shares. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Argus cut shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $32.00 to $39.00 in a research note on Monday, January 27th. Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $32.00 to $36.00 in a research note on Friday, January 24th. Finally, BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus price target of $33.50.

Insider Buying and Selling

In other Interpublic Group of Companies 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 owns 143,373 shares in the company, valued at approximately $3,845,263.86. The trade was a 13.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

About Interpublic Group of Companies

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.