Mirae Asset Global Investments Co. Ltd. Has $7.49 Million Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 85.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 229,511 shares of the business services provider’s stock after acquiring an additional 105,858 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of Interpublic Group of Companies worth $7,491,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Compass Wealth Management LLC bought a new stake in Interpublic Group of Companies in the fourth quarter valued at about $25,000. Clear Street Markets LLC increased its holdings in Interpublic Group of Companies by 94.9% in the first quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 372 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new stake in Interpublic Group of Companies in the third quarter valued at about $33,000. Resurgent Financial Advisors LLC bought a new stake in Interpublic Group of Companies in the fourth quarter valued at about $34,000. Finally, First Manhattan CO. LLC. increased its holdings in Interpublic Group of Companies by 1,176.5% in the first quarter. First Manhattan CO. LLC. now owns 1,085 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Down 1.5 %

NYSE:IPG opened at $30.45 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $11.53 billion, a PE ratio of 10.68, a PEG ratio of 2.12 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. The stock has a 50-day simple moving average of $32.15 and a 200 day simple moving average of $31.24.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data 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. 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 return on equity of 30.52% and a net margin of 10.09%. Interpublic Group of Companies’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $1.02 earnings per share. On average, sell-side analysts expect that The Interpublic Group of Companies, Inc. will post 2.78 EPS for the current fiscal year.

Interpublic Group of Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.33%. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, February 29th. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 46.32%.

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 that occurred on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total value 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 $2,844,870. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Interpublic Group of Companies news, CFO Ellen Tobi Johnson sold 40,393 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total value 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 $2,844,870. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew Bonzani sold 40,468 shares of the firm’s 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 $1,303,069.60. Following the completion of the transaction, 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. Insiders sold a total of 249,646 shares of company stock worth $8,038,601 over the last ninety days. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

IPG has been the subject of several recent analyst reports. Barclays increased their price target on Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. JPMorgan Chase & Co. lowered their price target on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Wells Fargo & Company increased their price target on Interpublic Group of Companies from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Finally, UBS Group initiated coverage on 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Interpublic Group of Companies has a consensus rating of “Hold” and an average target price of $35.25.

Interpublic Group of Companies Profile

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.