Cwm LLC Decreases Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Cwm LLC reduced its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 3.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 128,558 shares of the business services provider’s stock after selling 4,962 shares during the period. Cwm LLC’s holdings in Interpublic Group of Companies were worth $4,196,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Interpublic Group of Companies during the 4th quarter worth $29,000. Authentikos Wealth Advisory LLC acquired a new stake in Interpublic Group of Companies during the 3rd quarter worth $33,000. Tobam raised its stake in Interpublic Group of Companies by 2,340.0% during the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock worth $36,000 after acquiring an additional 1,053 shares in the last quarter. Ronald Blue Trust Inc. raised its stake in Interpublic Group of Companies by 55.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,513 shares of the business services provider’s stock worth $43,000 after acquiring an additional 538 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in Interpublic Group of Companies in the third quarter valued at $43,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IPG has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. UBS Group initiated coverage on shares of Interpublic Group of Companies in a research note on Thursday, January 11th. They issued a “neutral” rating and a $36.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of Interpublic Group of Companies from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. Finally, Barclays lifted their price objective on shares of Interpublic Group of Companies from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Interpublic Group of Companies presently has an average rating of “Hold” and an average price target of $35.25.

Insider Transactions at Interpublic Group of Companies

In related news, CFO Ellen Tobi Johnson sold 40,393 shares of the business’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 sale, the chief financial officer now owns 88,350 shares of the company’s stock, valued at $2,844,870. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Philippe Krakowsky sold 150,403 shares of the business’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 $4,842,976.60. Following the sale, the chief executive officer now owns 415,776 shares of the company’s stock, valued at $13,387,987.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ellen Tobi Johnson sold 40,393 shares of the business’s 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 directly owns 88,350 shares in the company, valued at approximately $2,844,870. The disclosure for this sale can be found here. Insiders have sold a total of 249,646 shares of company stock worth $8,038,601 over the last ninety days. 0.42% of the stock is currently owned by company insiders.

Interpublic Group of Companies Trading Down 0.1 %

Shares of Interpublic Group of Companies stock opened at $30.99 on Wednesday. The Interpublic Group of Companies, Inc. has a 52-week low of $27.20 and a 52-week high of $40.95. 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’s 50-day simple moving average is $31.94 and its 200-day simple moving average is $31.35. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 2.13 and a beta of 1.13.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Interpublic Group of Companies had a net margin of 10.09% and a return on equity of 30.52%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the business posted $1.02 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.78 earnings per share for the current year.

Interpublic Group of Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.26%. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, February 29th. Interpublic Group of Companies’s payout ratio is 46.32%.

About Interpublic Group of Companies

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.