The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 548,923 shares of the business services provider’s stock after selling 26,581 shares during the quarter. New York State Common Retirement Fund’s holdings in Interpublic Group of Companies were worth $17,917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of IPG. Turtle Creek Wealth Advisors LLC acquired a new stake in Interpublic Group of Companies in the 4th quarter valued at about $29,000. Authentikos Wealth Advisory LLC purchased a new stake in Interpublic Group of Companies during the third quarter valued at about $33,000. Tobam lifted its stake in Interpublic Group of Companies by 2,340.0% during the fourth quarter. Tobam now owns 1,098 shares of the business services provider’s stock valued at $36,000 after buying an additional 1,053 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in Interpublic Group of Companies during the third quarter valued at about $43,000. Finally, MCF Advisors LLC purchased a new stake in Interpublic Group of Companies during the fourth quarter valued at about $43,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Interpublic Group of Companies news, CEO Philippe Krakowsky sold 150,403 shares of Interpublic Group of Companies stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Interpublic Group of Companies news, EVP Andrew Bonzani sold 40,468 shares of Interpublic Group of Companies stock in a transaction 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 sale, the executive vice president now owns 70,431 shares in the company, valued at $2,267,878.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Philippe Krakowsky sold 150,403 shares of Interpublic Group of Companies stock in a transaction on Tuesday, February 27th. The stock was 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 approximately $13,387,987.20. The disclosure for this sale can be found here. Insiders have sold 249,646 shares of company stock worth $8,038,601 over the last 90 days. Corporate insiders own 0.42% of the company’s stock.

Interpublic Group of Companies Trading Up 1.0 %

NYSE:IPG opened at $31.47 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 firm has a market cap of $11.88 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 2.30 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 0.75. The company’s 50 day moving average is $31.89 and its 200-day moving average is $31.40.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.18 billion. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. Interpublic Group of Companies’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.38 earnings per share. Equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.78 EPS for the current year.

Interpublic Group of Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.33 dividend. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.32 annualized dividend and a dividend yield of 4.19%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Interpublic Group of Companies from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. UBS Group began coverage on Interpublic Group of Companies in a report on Thursday, January 11th. They issued a “neutral” rating and a $36.00 price objective on the stock. Wells Fargo & Company dropped their price objective on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on 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 given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $35.13.

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.