HighTower Advisors LLC Has $2.95 Million Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

HighTower Advisors LLC decreased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG – Get Rating) by 20.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,525 shares of the business services provider’s stock after selling 22,556 shares during the period. HighTower Advisors LLC’s holdings in Interpublic Group of Companies were worth $2,946,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Spire Wealth Management increased its holdings in shares of Interpublic Group of Companies by 29.7% in the fourth quarter. Spire Wealth Management now owns 1,153 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 264 shares in the last quarter. Dakota Wealth Management raised its holdings in shares of Interpublic Group of Companies by 4.2% during the third quarter. Dakota Wealth Management now owns 8,114 shares of the business services provider’s stock worth $207,000 after acquiring an additional 329 shares during the period. Paradigm Financial Partners LLC raised its holdings in shares of Interpublic Group of Companies by 1.5% during the third quarter. Paradigm Financial Partners LLC now owns 25,420 shares of the business services provider’s stock worth $685,000 after acquiring an additional 380 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in Interpublic Group of Companies by 2.8% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,294 shares of the business services provider’s stock valued at $421,000 after buying an additional 410 shares during the last quarter. Finally, Donaldson Capital Management LLC increased its stake in Interpublic Group of Companies by 1.7% in the 4th quarter. Donaldson Capital Management LLC now owns 24,832 shares of the business services provider’s stock valued at $827,000 after buying an additional 416 shares during the last quarter. Institutional investors and hedge funds own 96.75% of the company’s stock.

Insider Transactions at Interpublic Group of Companies

In other Interpublic Group of Companies news, Director Dawn E. Hudson sold 5,950 shares of the stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $33.15, for a total value of $197,242.50. Following the sale, the director now owns 26,930 shares of the company’s stock, valued at approximately $892,729.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Interpublic Group of Companies news, Director Dawn E. Hudson sold 5,950 shares of Interpublic Group of Companies stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $33.15, for a total transaction of $197,242.50. Following the transaction, the director now owns 26,930 shares of the company’s stock, valued at $892,729.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Andrew Bonzani sold 38,885 shares of Interpublic Group of Companies stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $35.61, for a total value of $1,384,694.85. Following the completion of the sale, the executive vice president now owns 111,769 shares in the company, valued at $3,980,094.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,779 shares of company stock worth $3,250,936. 0.35% of the stock is currently owned by company insiders.

Interpublic Group of Companies Price Performance

Shares of IPG stock opened at $38.58 on Monday. The stock’s 50-day simple moving average is $36.21 and its 200-day simple moving average is $35.18. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.66 and a beta of 1.12. The Interpublic Group of Companies, Inc. has a fifty-two week low of $25.14 and a fifty-two week high of $39.52. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.03 and a current ratio of 1.03.

Interpublic Group of Companies (NYSE:IPG – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.19 billion. Interpublic Group of Companies had a return on equity of 29.28% and a net margin of 8.31%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. As a group, equities analysts forecast that The Interpublic Group of Companies, Inc. will post 2.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IPG shares. Barclays lowered their price objective on shares of Interpublic Group of Companies from $42.00 to $40.00 in a research note on Friday, April 28th. Citigroup upped their price target on shares of Interpublic Group of Companies from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, February 14th. Morgan Stanley upped their price objective on shares of Interpublic Group of Companies from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, February 6th. BNP Paribas cut shares of Interpublic Group of Companies from an “outperform” rating to a “neutral” rating and set a $40.00 price target for the company. in a research report on Wednesday, March 29th. Finally, StockNews.com assumed coverage on shares of Interpublic Group of Companies in a research note on Thursday. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Interpublic Group of Companies has a consensus rating of “Hold” and a consensus price target of $40.50.

About Interpublic Group of Companies

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Interpublic Group of Cos., Inc engages in the provision of marketing, communications, and business transformation services. It operates through the following segments: Media, Data, and Engagement Solutions, Integrated Advertising and Creativity Led Solutions, and Specialized Communications and Experiential Solutions.