The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by UBS Group AG

UBS Group AG decreased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG – Get Rating) by 46.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 313,681 shares of the business services provider’s stock after selling 274,005 shares during the quarter. UBS Group AG’s holdings in Interpublic Group of Companies were worth $10,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Shell Asset Management Co. grew its holdings in Interpublic Group of Companies by 16.9% during the fourth quarter. Shell Asset Management Co. now owns 49,494 shares of the business services provider’s stock worth $1,649,000 after acquiring an additional 7,147 shares during the period. Nordea Investment Management AB grew its stake in Interpublic Group of Companies by 10.0% in the 4th quarter. Nordea Investment Management AB now owns 25,232 shares of the business services provider’s stock valued at $841,000 after acquiring an additional 2,286 shares during the last quarter. AE Wealth Management LLC grew its stake in Interpublic Group of Companies by 9.9% in the 4th quarter. AE Wealth Management LLC now owns 540,526 shares of the business services provider’s stock valued at $18,005,000 after acquiring an additional 48,689 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Interpublic Group of Companies in the 4th quarter valued at about $546,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in Interpublic Group of Companies in the 4th quarter valued at about $650,000. 96.75% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $38.60 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.03 and a quick ratio of 1.03. The Interpublic Group of Companies, Inc. has a 1-year low of $25.14 and a 1-year high of $39.52. The firm has a market capitalization of $14.90 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.67 and a beta of 1.12. The business’s 50-day simple moving average is $36.31 and its 200-day simple moving average is $35.25.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on IPG. JPMorgan Chase & Co. boosted their price target on Interpublic Group of Companies from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, January 23rd. Moffett Nathanson lowered shares of Interpublic Group of Companies from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $36.00 to $37.00 in a research report on Friday, February 10th. BNP Paribas lowered shares of Interpublic Group of Companies from an “outperform” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Wednesday, March 29th. Morgan Stanley raised their target price 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. Finally, Barclays dropped their price objective on shares of Interpublic Group of Companies from $42.00 to $40.00 in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Interpublic Group of Companies currently has an average rating of “Hold” and an average price target of $40.50.

Insider Transactions at Interpublic Group of Companies

In other news, EVP Andrew Bonzani sold 38,885 shares of the stock in a transaction 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 of the company’s stock, valued at $3,980,094.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Christopher F. Carroll sold 16,507 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $35.54, for a total transaction of $586,658.78. Following the transaction, the chief accounting officer now directly owns 55,406 shares of the company’s stock, valued at approximately $1,969,129.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew Bonzani sold 38,885 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $35.61, for a total value of $1,384,694.85. Following the transaction, the executive vice president now directly owns 111,769 shares in the company, valued at $3,980,094.09. The disclosure for this sale can be found here. Insiders sold 91,779 shares of company stock valued at $3,250,936 over the last 90 days. Corporate insiders own 0.35% of the company’s stock.

Interpublic Group of Companies Company Profile

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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.