Sei Investments Co. decreased its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE: IPG – Get Rating) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 650,304 shares of the business services provider’s stock after selling 3,691 shares during the quarter. Sei Investments Co.’s holdings in Interpublic Group of Companies were worth $ 24,297,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IPG. Morgan Stanley increased its position in shares of Interpublic Group of Companies by 3.0% in the 2nd quarter. Morgan Stanley now owns 1,734,873 shares of the business services provider’s stock valued at $ 56,367,000 after buying an additional 50,461 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Interpublic Group of Companies by 1.4% in the 3rd quarter. HighTower Advisors LLC now owns 62,099 shares of the business services provider’s stock valued at $ 2,282,000 after buying an additional 854 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Interpublic Group of Companies by 162.2% in the 3rd quarter. Franklin Resources Inc. now owns 496,350 shares of the business services provider’s stock valued at $ 18,202,000 after buying an additional 307,059 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Interpublic Group of Companies by 120.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 114,230 shares of the business services provider’s stock valued at $ 3,908,000 after buying an additional 62,373 shares in the last quarter. Finally, FIL Ltd increased its position in shares of Interpublic Group of Companies by 84.8% in the 3rd quarter. FIL Ltd now owns 99,148 shares of the business services provider’s stock valued at $ 3,636,000 after buying an additional 45,494 shares in the last quarter. Institutional investors and hedge funds own 99.68% of the company stock.
In related news, Director Mary Guilfoile sold 6,301 shares of the firm’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $ 32.41, for a total value of $ 204,215.41. Following the completion of the sale, the director now directly owns 102,803 shares in the company, valued at approximately $ 3,331,845.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dawn E. Hudson sold 18,376 shares of the firm’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $ 32.45, for a total transaction of $ 596,301.20. Following the completion of the sale, the director now owns 32,880 shares of the company stock, valued at $ 1,066,956. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company stock.
A number of analysts recently commented on the stock. Barclays cut shares of Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $ 47.00 to $ 42.00 in a research report on Monday, March 14th. Morgan Stanley reduced their target price on shares of Interpublic Group of Companies from $ 40.00 to $ 35.00 and set an “equal weight” rating for the company in a research note on Friday. StockNews.com initiated coverage on shares of Interpublic Group of Companies in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Argus raised shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $ 41.00 target price for the company in a research note on Monday, March 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $ 39.44.
Interpublic Group of Companies stock opened at $ 28.95 on Monday. The firm has a 50-day moving average of $ 32.84 and a 200-day moving average of $ 34.93. The Interpublic Group of Companies, Inc. has a one year low of $ 27.67 and a one year high of $ 39.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $ 11.40 billion, a price-to-earnings ratio of 11.31, a P / E / G ratio of 2.43 and a beta of 0.99.
Interpublic Group of Companies (NYSE: IPG – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The business services provider reported $ 0.47 EPS for the quarter, topping analysts’ consensus estimates of $ 0.40 by $ 0.07. Interpublic Group of Companies had a net margin of 9.67% and a return on equity of 31.10%. The company had revenue of $ 2.23 billion during the quarter, compared to the estimate consensus of $ 2.17 billion. During the same period in the prior year, the business posted $ 0.45 EPS. The company quarterly revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts expect that The Interpublic Group of Companies, Inc. will post 2.72 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 21st. Stockholders of record on Monday, June 6th will be paid a dividend of $ 0.29 per share. The ex-dividend date is Friday, June 3rd. This represents a $ 1.16 dividend on an annualized basis and a dividend yield of 4.01%. Interpublic Group of Companies’s dividend payout ratio is 45.31%.
Interpublic Group of Companies Company Profile: (Get Rating)
The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data science services.
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