Caprock Group LLC Buys 462 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Caprock Group LLC grew its position in The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,832 shares of the business services provider’s stock after purchasing an additional 462 shares during the quarter. Caprock Group LLC’s holdings in Interpublic Group of Companies were worth $517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IPG. Rockefeller Capital Management L.P. boosted its holdings in shares of Interpublic Group of Companies by 22.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,734 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 315 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Interpublic Group of Companies by 2.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,732 shares of the business services provider’s stock valued at $391,000 after acquiring an additional 320 shares during the last quarter. Clear Street Markets LLC lifted its stake in shares of Interpublic Group of Companies by 94.9% in the 1st quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 372 shares during the last quarter. Keybank National Association OH lifted its stake in shares of Interpublic Group of Companies by 3.3% in the 3rd quarter. Keybank National Association OH now owns 12,000 shares of the business services provider’s stock valued at $344,000 after acquiring an additional 387 shares during the last quarter. Finally, Great Lakes Retirement Inc. lifted its stake in shares of Interpublic Group of Companies by 3.9% in the 4th quarter. Great Lakes Retirement Inc. now owns 10,198 shares of the business services provider’s stock valued at $333,000 after acquiring an additional 387 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Down 0.4 %

Shares of NYSE:IPG opened at $32.63 on Friday. The firm has a market cap of $12.36 billion, a P/E ratio of 11.45, a P/E/G ratio of 2.24 and a beta of 1.13. 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 Interpublic Group of Companies, Inc. has a 12-month low of $27.20 and a 12-month high of $40.95. The business has a fifty day simple moving average of $32.41 and a 200 day simple moving average of $31.12.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last announced its earnings results on Thursday, February 8th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.02. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.57 billion. Interpublic Group of Companies had a return on equity of 30.52% and a net margin of 10.09%. Interpublic Group of Companies’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.02 EPS. Analysts predict 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 4.05%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.32%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on 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 increased their price target on 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. Wells Fargo & Company increased their price target on 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, UBS Group started coverage on Interpublic Group of Companies in a research note on Thursday, January 11th. They issued a “neutral” rating and a $36.00 price target for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.25.

Get Our Latest Analysis on Interpublic Group of Companies

Insider Transactions at Interpublic Group of Companies

In other news, EVP Andrew Bonzani sold 40,468 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 value of $1,303,069.60. Following the completion of the transaction, the executive vice president now directly owns 70,431 shares of the company’s stock, valued at approximately $2,267,878.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Christopher F. Carroll sold 18,382 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 value of $591,900.40. Following the completion of the transaction, the chief accounting officer now directly owns 42,390 shares of the company’s stock, valued at approximately $1,364,958. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Andrew Bonzani sold 40,468 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 $1,303,069.60. Following the completion of the sale, the executive vice president now owns 70,431 shares of the company’s stock, valued at $2,267,878.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 249,646 shares of company stock valued at $8,038,601. Corporate insiders own 0.35% of the company’s stock.

Interpublic Group of Companies Company 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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