The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Purchased by GeoWealth Management LLC

GeoWealth Management LLC boosted its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 20.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,341 shares of the business services provider’s stock after acquiring an additional 573 shares during the period. GeoWealth Management LLC’s holdings in Interpublic Group of Companies were worth $94,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board lifted its position in shares of Interpublic Group of Companies by 139.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 13,210,446 shares of the business services provider’s stock valued at $370,157,000 after acquiring an additional 7,693,636 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Interpublic Group of Companies by 4.1% in the 4th 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 purchasing an additional 511,607 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Interpublic Group of Companies by 14.8% during the 4th quarter. Invesco Ltd. now owns 10,264,732 shares of the business services provider’s stock worth $287,618,000 after purchasing an additional 1,320,345 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 purchasing an additional 81,996 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Interpublic Group of Companies by 25,637.0% during the fourth quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider’s stock worth $207,439,000 after buying an additional 7,374,491 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Ellen Tobi Johnson sold 21,427 shares of Interpublic Group of Companies stock in a transaction that occurred 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 sale, the chief financial officer now owns 143,373 shares in the company, valued at $3,845,263.86. This trade represents a 13.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by insiders.

Interpublic Group of Companies Stock Performance

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

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 initiated a stock buyback program on Wednesday, February 12th that permits the company to buyback $155.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.25%. The ex-dividend date was Monday, March 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 72.13%.

Analyst Ratings Changes

A number of analysts recently issued reports on IPG shares. UBS Group upgraded shares of Interpublic Group of Companies from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $29.00 to $27.00 in a research report on Thursday, February 13th. BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a 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 company from $32.00 to $36.00 in a research note on Friday, January 24th. StockNews.com started coverage on Interpublic Group of Companies in a research note on Friday, April 18th. They issued a “hold” rating on the stock. Finally, Argus downgraded shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $33.67.

Interpublic Group of Companies 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.