Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 385,544 shares of the business services provider’s stock after purchasing an additional 7,750 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Interpublic Group of Companies were worth $12,384,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Black Creek Investment Management Inc. lifted its position 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 acquiring an additional 1,204,630 shares in the last quarter. American Century Companies Inc. grew its holdings in Interpublic Group of Companies by 24.6% during the 3rd quarter. American Century Companies Inc. now owns 4,635,459 shares of the business services provider’s stock valued at $132,852,000 after purchasing an additional 916,574 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Interpublic Group of Companies by 212.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 827,224 shares of the business services provider’s stock worth $23,708,000 after buying an additional 562,823 shares during the period. Gradient Investments LLC lifted its holdings in Interpublic Group of Companies by 1,439,200.0% in the 4th quarter. Gradient Investments LLC now owns 503,755 shares of the business services provider’s stock worth $16,443,000 after buying an additional 503,720 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in Interpublic Group of Companies in the 3rd quarter valued at about $14,408,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $31.78 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $11.99 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 2.30 and a beta of 1.13. The Interpublic Group of Companies, Inc. has a twelve month low of $27.20 and a twelve month high of $40.95. The business has a 50 day simple moving average of $31.60 and a 200-day simple moving average of $31.65.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.18 billion. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. As a group, equities research analysts expect that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company dropped their target price on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 25th. JPMorgan Chase & Co. cut their target price on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Finally, Barclays raised their price target on shares of Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.13.

View Our Latest Stock Report on IPG

Insider Activity at Interpublic Group of Companies

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 value of $591,900.40. Following the transaction, the chief accounting officer now owns 42,390 shares of the company’s stock, valued at $1,364,958. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Christopher F. Carroll sold 18,382 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Philippe Krakowsky sold 150,403 shares of Interpublic Group of Companies stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $4,842,976.60. Following the sale, the chief executive officer now directly owns 415,776 shares in the company, valued at approximately $13,387,987.20. The disclosure for this sale can be found here. Insiders sold a total of 249,646 shares of company stock valued at $8,038,601 in the last quarter. Insiders own 0.42% of the company’s stock.

About Interpublic Group of Companies

(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.

Further Reading

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

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