Strs Ohio Has $5.50 Million Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Strs Ohio lowered its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 68.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 168,648 shares of the business services provider’s stock after selling 364,941 shares during the quarter. Strs Ohio’s holdings in Interpublic Group of Companies were worth $5,504,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC acquired a new stake in Interpublic Group of Companies in the fourth quarter valued at $25,000. Clear Street Markets LLC lifted its stake 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 acquiring an additional 372 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Interpublic Group of Companies in the fourth quarter valued at $29,000. Resurgent Financial Advisors LLC acquired a new stake in Interpublic Group of Companies in the fourth quarter valued at $34,000. Finally, First Manhattan CO. LLC. lifted its stake 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 acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IPG. JPMorgan Chase & Co. cut their target price on shares of 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. UBS Group began coverage on shares of Interpublic Group of Companies in a research note on Thursday, January 11th. They set a “neutral” rating and a $36.00 target price for the company. Barclays raised their target price on shares of Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, Wells Fargo & Company raised their target price on shares of Interpublic Group of Companies from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.25.

Interpublic Group of Companies Price Performance

NYSE:IPG opened at $30.39 on Friday. The Interpublic Group of Companies, Inc. has a 52 week low of $27.20 and a 52 week high of $40.95. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 2.08 and a beta of 1.13. The firm’s 50-day simple moving average is $31.98 and its 200 day simple moving average is $31.26. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $1.18 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 last year, the firm earned $1.02 earnings per share. Interpublic Group of Companies’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, sell-side 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 company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.33 dividend. 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 yield of 4.34%. The ex-dividend date of this dividend 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 dated Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $1,300,654.60. Following the transaction, the chief financial officer now directly owns 88,350 shares of the company’s stock, valued at approximately $2,844,870. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Interpublic Group of Companies news, CFO Ellen Tobi Johnson sold 40,393 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 $1,300,654.60. Following the transaction, the chief financial officer now directly owns 88,350 shares of the company’s stock, valued at approximately $2,844,870. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Philippe Krakowsky sold 150,403 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 transaction of $4,842,976.60. Following the completion of the transaction, the chief executive officer now directly owns 415,776 shares in the company, valued at $13,387,987.20. The disclosure for this sale can be found here. Insiders have sold a total of 249,646 shares of company stock valued at $8,038,601 in the last ninety days. 0.35% of the stock is currently owned by company insiders.

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.