Federated Hermes Inc. Has $1.97 Million Stock Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Federated Hermes Inc. grew its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 7.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 60,237 shares of the business services provider’s stock after buying an additional 3,920 shares during the quarter. Federated Hermes Inc.’s holdings in Interpublic Group of Companies were worth $1,966,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IPG. Czech National Bank increased its position in shares of Interpublic Group of Companies by 47.2% during the third quarter. Czech National Bank now owns 67,278 shares of the business services provider’s stock worth $1,928,000 after acquiring an additional 21,579 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Interpublic Group of Companies by 2.8% during the third quarter. Asset Management One Co. Ltd. now owns 179,907 shares of the business services provider’s stock worth $5,156,000 after acquiring an additional 4,892 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Interpublic Group of Companies by 10.6% during the third quarter. Commonwealth Equity Services LLC now owns 56,942 shares of the business services provider’s stock worth $1,632,000 after acquiring an additional 5,445 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Interpublic Group of Companies by 3.8% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 208,654 shares of the business services provider’s stock worth $5,980,000 after acquiring an additional 7,700 shares in the last quarter. Finally, Bridgewater Advisors Inc. bought a new stake in shares of Interpublic Group of Companies during the third quarter worth about $1,170,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

IPG has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday. Barclays boosted 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 report on Monday, January 29th. JPMorgan Chase & Co. decreased 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 report on Friday, February 9th. Finally, UBS Group started coverage on shares of Interpublic Group of Companies in a research report on Thursday, January 11th. They issued a “neutral” rating and a $36.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.13.

Interpublic Group of Companies Trading Up 1.0 %

Shares of IPG stock opened at $31.47 on Monday. The Interpublic Group of Companies, Inc. has a 52-week low of $27.20 and a 52-week high of $40.95. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50-day simple moving average of $31.89 and a two-hundred day simple moving average of $31.40. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 2.30 and a beta of 1.13.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the firm earned $0.38 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. Research analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.33 per share. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Thursday, February 29th. Interpublic Group of Companies’s dividend payout ratio is currently 46.98%.

Insider Activity

In other news, CFO Ellen Tobi Johnson sold 40,393 shares of the 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 $1,300,654.60. Following the completion of 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Ellen Tobi Johnson sold 40,393 shares of the company’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 transaction of $1,300,654.60. Following the sale, the chief financial officer now directly owns 88,350 shares in the company, valued at approximately $2,844,870. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Philippe Krakowsky sold 150,403 shares of the company’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 transaction of $4,842,976.60. Following the sale, the chief executive officer now owns 415,776 shares in the company, valued at $13,387,987.20. The disclosure for this sale can be found here. Insiders sold 249,646 shares of company stock valued at $8,038,601 in the last three months. Company insiders own 0.42% of the company’s stock.

Interpublic Group of Companies Company 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.