Greenleaf Trust Cuts Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Greenleaf Trust lowered its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,963 shares of the business services provider’s stock after selling 904 shares during the period. Greenleaf Trust’s holdings in Interpublic Group of Companies were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Compass Wealth Management LLC acquired a new position in Interpublic Group of Companies during the fourth quarter worth $25,000. Clear Street Markets LLC raised its stake in shares of Interpublic Group of Companies by 94.9% during the 1st quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock worth $28,000 after buying an additional 372 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Interpublic Group of Companies in the 4th quarter worth about $29,000. Authentikos Wealth Advisory LLC acquired a new stake in Interpublic Group of Companies in the 3rd quarter valued at about $33,000. Finally, Resurgent Financial Advisors LLC purchased a new stake in shares of Interpublic Group of Companies in the fourth quarter valued at about $34,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on IPG. Barclays raised their price target on 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. UBS Group initiated coverage on Interpublic Group of Companies in a research note on Thursday, January 11th. They set a “neutral” rating and a $36.00 price objective on the stock. Wells Fargo & Company boosted their target price on shares of 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, JPMorgan Chase & Co. reduced their target price on shares of Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. 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 an average rating of “Hold” and a consensus target price of $35.25.

Interpublic Group of Companies Stock Up 1.1 %

Shares of NYSE:IPG opened at $30.72 on Monday. The Interpublic Group of Companies, Inc. has a 12-month low of $27.20 and a 12-month high of $40.95. The stock’s 50-day moving average price is $31.98 and its two-hundred day moving average price is $31.32. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. The firm has a market cap of $11.59 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 2.11 and a beta of 1.13.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $1.18 earnings per share 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 company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm posted $1.02 earnings per share. Interpublic Group of Companies’s revenue was up 1.4% on a year-over-year basis. On average, research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.78 EPS 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. Stockholders of record on Friday, March 1st were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.30%. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.31. Interpublic Group of Companies’s payout ratio is presently 46.32%.

Insider Buying and Selling

In other Interpublic Group of Companies news, EVP Andrew Bonzani sold 40,468 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 transaction of $1,303,069.60. Following the transaction, the executive vice president now directly owns 70,431 shares of the company’s stock, valued at $2,267,878.20. The sale was disclosed in a filing with the SEC, which is available at 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 stock was 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 $2,844,870. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Bonzani sold 40,468 shares of the company’s 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 sale, the executive vice president now directly owns 70,431 shares of the company’s stock, valued at approximately $2,267,878.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,646 shares of company stock valued at $8,038,601. 0.42% of the stock is currently owned by corporate insiders.

About Interpublic Group of Companies

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.