27,124 Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG) Bought by Oak Thistle LLC

Oak Thistle LLC purchased a new position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 27,124 shares of the business services provider’s stock, valued at approximately $885,000.

A number of other large investors have also recently bought and sold shares of IPG. Moneta Group Investment Advisors LLC acquired a new stake in Interpublic Group of Companies during the 4th quarter worth $256,699,000. First Trust Advisors LP boosted its stake in Interpublic Group of Companies by 1,196.9% during the 1st quarter. First Trust Advisors LP now owns 6,280,702 shares of the business services provider’s stock worth $222,651,000 after purchasing an additional 5,796,432 shares during the period. Barclays PLC boosted its stake in Interpublic Group of Companies by 462.8% during the 2nd quarter. Barclays PLC now owns 1,939,546 shares of the business services provider’s stock worth $74,829,000 after purchasing an additional 1,594,945 shares during the period. Black Creek Investment Management Inc. boosted its stake in Interpublic Group of Companies by 14.1% during the 3rd quarter. Black Creek Investment Management Inc. now owns 9,722,563 shares of the business services provider’s stock worth $278,649,000 after purchasing an additional 1,204,630 shares during the period. Finally, Morgan Stanley boosted its stake in Interpublic Group of Companies by 29.3% during the 4th quarter. Morgan Stanley now owns 4,885,776 shares of the business services provider’s stock worth $162,745,000 after purchasing an additional 1,108,179 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Barclays raised their target price on shares of Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Wells Fargo & Company raised their target price on shares of Interpublic Group of Companies from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Finally, UBS Group began coverage on shares of Interpublic Group of Companies in a report on Thursday, January 11th. They issued a “neutral” rating and a $36.00 price target for the company. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.25.

Check Out Our Latest Analysis on IPG

Insider Buying and Selling at Interpublic Group of Companies

In other Interpublic Group of Companies news, CFO Ellen Tobi Johnson sold 40,393 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total transaction of $1,300,654.60. Following the completion of the transaction, the chief financial officer now directly owns 88,350 shares in the company, valued at approximately $2,844,870. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Interpublic Group of Companies news, CAO Christopher F. Carroll sold 18,382 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total transaction of $591,900.40. Following the completion of the transaction, the chief accounting officer now directly owns 42,390 shares in the company, valued at approximately $1,364,958. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ellen Tobi Johnson sold 40,393 shares of Interpublic Group of Companies stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total transaction of $1,300,654.60. Following the sale, the chief financial officer now owns 88,350 shares of the company’s stock, valued at $2,844,870. The disclosure for this sale can be found here. In the last three months, insiders sold 249,646 shares of company stock worth $8,038,601. 0.33% of the stock is owned by corporate insiders.

Interpublic Group of Companies Stock Performance

Shares of IPG opened at $32.14 on Wednesday. The company has a 50-day simple moving average of $32.42 and a 200-day simple moving average of $31.14. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $12.17 billion, a PE ratio of 11.28, a P/E/G ratio of 2.23 and a beta of 1.13. The Interpublic Group of Companies, Inc. has a 52-week low of $27.20 and a 52-week high of $40.95.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. Interpublic Group of Companies had a net margin of 10.09% and a return on equity of 30.52%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 EPS. Equities research analysts predict that The Interpublic Group of Companies, Inc. will post 2.78 earnings per share for the current fiscal year.

Interpublic Group of Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.33 per share. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 4.11%. The ex-dividend date was Thursday, February 29th. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.32%.

Interpublic Group of Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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