Amalgamated Bank Sells 10,604 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Amalgamated Bank trimmed its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,798 shares of the business services provider’s stock after selling 10,604 shares during the period. Amalgamated Bank’s holdings in Interpublic Group of Companies were worth $4,400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Interpublic Group of Companies in the fourth quarter worth about $29,000. Tobam grew its position 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 during the period. Authentikos Wealth Advisory LLC acquired a new position in shares of Interpublic Group of Companies in the third quarter worth about $33,000. MCF Advisors LLC purchased a new stake in shares of Interpublic Group of Companies during the 4th quarter worth about $43,000. Finally, First Command Advisory Services Inc. purchased a new position in Interpublic Group of Companies during the third quarter worth approximately $43,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Andrew Bonzani sold 40,468 shares of the company’s stock in a transaction 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 in the company, valued at approximately $2,267,878.20. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Andrew Bonzani sold 40,468 shares of the 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 completion of the sale, the executive vice president now owns 70,431 shares in the company, valued at approximately $2,267,878.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Philippe Krakowsky sold 150,403 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 $4,842,976.60. Following the transaction, the chief executive officer now directly owns 415,776 shares in the company, valued at approximately $13,387,987.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,646 shares of company stock worth $8,038,601. 0.42% of the stock is currently owned by insiders.

Interpublic Group of Companies Stock Performance

Shares of IPG stock opened at $30.96 on Thursday. The company has a 50 day moving average price of $31.65 and a 200 day moving average price of $31.48. The stock has a market capitalization of $11.69 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 2.24 and a beta of 1.13. 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 Interpublic Group of Companies, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $40.95.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the business posted $0.38 earnings per share. Interpublic Group of Companies’s revenue was down 1.0% compared to the same quarter last year. Equities research analysts predict that The Interpublic Group of Companies, Inc. will post 2.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IPG shares. UBS Group started coverage on Interpublic Group of Companies in a research report on Thursday, January 11th. They issued a “neutral” rating and a $36.00 target price on the stock. Wells Fargo & Company cut their price objective on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. Barclays raised their target price on 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, JPMorgan Chase & Co. dropped their price target 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. Five investment 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 an average target price of $35.13.

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.