Deutsche Bank AG Has $105.52 Million Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Deutsche Bank AG increased its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 18.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,765,870 shares of the business services provider’s stock after purchasing an additional 597,488 shares during the quarter. Deutsche Bank AG owned approximately 1.01% of Interpublic Group of Companies worth $105,520,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IPG. Allworth Financial LP increased its stake in shares of Interpublic Group of Companies by 75.8% in the fourth quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock valued at $31,000 after buying an additional 480 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Interpublic Group of Companies during the fourth quarter worth $36,000. GeoWealth Management LLC raised its stake in Interpublic Group of Companies by 20.7% during the fourth quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider’s stock worth $94,000 after buying an additional 573 shares during the last quarter. Parvin Asset Management LLC acquired a new position in Interpublic Group of Companies in the fourth quarter valued at approximately $102,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at $141,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. 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 Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $32.00 to $39.00 in a research note on Monday, January 27th. UBS Group raised Interpublic Group of Companies from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $29.00 to $27.00 in a research report on Thursday, February 13th. Citigroup reissued a “buy” rating and issued a $35.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. Finally, StockNews.com started coverage on shares of Interpublic Group of Companies in a research note on Sunday, May 4th. They issued a “hold” rating on the stock. One equities research 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.44.

Interpublic Group of Companies Stock Performance

Shares of NYSE IPG opened at $25.11 on Friday. The Interpublic Group of Companies, Inc. has a 52-week low of $22.51 and a 52-week high of $33.05. 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 firm’s fifty day moving average is $25.39 and its two-hundred day moving average is $27.49. The company has a market cap of $9.28 billion, a P/E ratio of 13.72 and a beta of 1.09.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Thursday, April 24th. The business services provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Interpublic Group of Companies had a return on equity of 27.10% and a net margin of 6.45%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s quarterly revenue was down 6.9% on a year-over-year basis. As a group, analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.33 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.32 annualized dividend and a dividend yield of 5.26%. Interpublic Group of Companies’s payout ratio is 100.76%.

Interpublic Group of Companies announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 12th that authorizes the company to buyback $155.00 million in shares. This buyback authorization authorizes the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Interpublic Group of Companies news, CFO Ellen Tobi Johnson sold 21,427 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $26.82, for a total value 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 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.