FDx Advisors Inc. Sells 1,031 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

FDx Advisors Inc. trimmed its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG – Get Rating) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,528 shares of the business services provider’s stock after selling 1,031 shares during the period. FDx Advisors Inc.’s holdings in Interpublic Group of Companies were worth $750,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Moors & Cabot Inc. bought a new stake in shares of Interpublic Group of Companies during the fourth quarter worth $201,000. abrdn plc grew its holdings in shares of Interpublic Group of Companies by 8.7% during the fourth quarter. abrdn plc now owns 319,398 shares of the business services provider’s stock worth $10,639,000 after purchasing an additional 25,531 shares during the last quarter. Citizens Financial Group Inc RI grew its holdings in shares of Interpublic Group of Companies by 3.8% during the fourth quarter. Citizens Financial Group Inc RI now owns 17,985 shares of the business services provider’s stock worth $599,000 after purchasing an additional 659 shares during the last quarter. Bank of Nova Scotia grew its holdings in shares of Interpublic Group of Companies by 790.0% during the fourth quarter. Bank of Nova Scotia now owns 306,586 shares of the business services provider’s stock worth $10,212,000 after purchasing an additional 272,140 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Interpublic Group of Companies by 9.7% during the fourth quarter. Intech Investment Management LLC now owns 1,019,961 shares of the business services provider’s stock worth $33,975,000 after purchasing an additional 89,843 shares during the last quarter. 96.75% of the stock is currently owned by institutional investors.

Interpublic Group of Companies Trading Up 0.4 %

NYSE IPG opened at $38.58 on Monday. The firm has a market cap of $14.89 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.67 and a beta of 1.12. 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 stock’s 50-day moving average is $36.21 and its 200-day moving average is $35.18. The Interpublic Group of Companies, Inc. has a one year low of $25.14 and a one year high of $39.52.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. BNP Paribas cut Interpublic Group of Companies from an “outperform” rating to a “neutral” rating and set a $40.00 target price on the stock. in a report on Wednesday, March 29th. Moffett Nathanson lowered Interpublic Group of Companies from an “outperform” rating to a “market perform” rating and upped their price target for the company from $36.00 to $37.00 in a research note on Friday, February 10th. JPMorgan Chase & Co. upped their price target on Interpublic Group of Companies from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, January 23rd. Citigroup upped their price target on Interpublic Group of Companies from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, February 14th. Finally, StockNews.com started coverage on Interpublic Group of Companies in a research note on Thursday. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.50.

Insider Buying and Selling

In related news, EVP Andrew Bonzani sold 38,885 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $35.61, for a total transaction of $1,384,694.85. Following the completion of the transaction, the executive vice president now directly owns 111,769 shares in the company, valued at $3,980,094.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Andrew Bonzani sold 38,885 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $35.61, for a total transaction of $1,384,694.85. Following the completion of the transaction, the executive vice president now directly owns 111,769 shares in the company, valued at $3,980,094.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ellen Tobi Johnson sold 30,437 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $35.56, for a total value of $1,082,339.72. Following the completion of the transaction, the chief financial officer now owns 133,533 shares of the company’s stock, valued at $4,748,433.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 91,779 shares of company stock worth $3,250,936. 0.35% of the stock is owned by corporate insiders.

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.