Lido Advisors LLC Sells 3,004 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Lido Advisors LLC lowered its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 26.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,526 shares of the business services provider’s stock after selling 3,004 shares during the quarter. Lido Advisors LLC’s holdings in Interpublic Group of Companies were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IPG. Northern Trust Corp increased its position in shares of Interpublic Group of Companies by 24.3% during the fourth quarter. Northern Trust Corp now owns 5,239,927 shares of the business services provider’s stock worth $146,823,000 after purchasing an additional 1,025,589 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Interpublic Group of Companies by 6.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 377,753 shares of the business services provider’s stock valued at $10,585,000 after buying an additional 22,426 shares in the last quarter. Quarry LP raised its stake in Interpublic Group of Companies by 893.2% in the fourth quarter. Quarry LP now owns 64,845 shares of the business services provider’s stock valued at $1,817,000 after buying an additional 58,316 shares during the last quarter. Berger Financial Group Inc boosted its holdings in Interpublic Group of Companies by 1.9% in the fourth quarter. Berger Financial Group Inc now owns 156,584 shares of the business services provider’s stock worth $4,387,000 after acquiring an additional 2,846 shares in the last quarter. Finally, Prosperity Consulting Group LLC grew its stake in shares of Interpublic Group of Companies by 2.3% during the fourth quarter. Prosperity Consulting Group LLC now owns 21,236 shares of the business services provider’s stock worth $595,000 after acquiring an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

Shares of IPG stock opened at $25.04 on Wednesday. The stock has a market cap of $9.26 billion, a PE ratio of 13.68 and a beta of 1.09. The Interpublic Group of Companies, Inc. has a 52-week low of $22.51 and a 52-week high of $33.05. The business has a 50-day simple moving average of $25.49 and a 200-day simple moving average of $27.60. 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 released its quarterly earnings data on Thursday, April 24th. The business services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.98 billion. Interpublic Group of Companies had a return on equity of 27.10% and a net margin of 6.45%. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. On average, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 dividend on an annualized basis and a yield of 5.27%. Interpublic Group of Companies’s payout ratio is 100.76%.

Interpublic Group of Companies announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 12th that authorizes the company to repurchase $155.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 1.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citigroup reiterated a “buy” rating and issued a $35.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, April 15th. JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $32.00 to $39.00 in a research note on Monday, January 27th. BNP Paribas raised 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. UBS Group raised Interpublic Group of Companies from a “sell” rating to a “neutral” rating and lowered their price target for the stock from $29.00 to $27.00 in a research report on Thursday, February 13th. Finally, StockNews.com began coverage on Interpublic Group of Companies in a report on Sunday. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Hold” and an average target price of $33.44.

Insiders Place Their Bets

In other 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 value of $574,672.14. Following the completion of the sale, the chief financial officer now directly owns 143,373 shares in the company, valued at $3,845,263.86. The trade was a 13.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.42% of the company’s stock.

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.