National Bank of Canada FI Grows Stock Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

National Bank of Canada FI boosted its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 8.4% in the 4th quarter, HoldingsChannel reports. The fund owned 93,283 shares of the business services provider’s stock after buying an additional 7,258 shares during the quarter. National Bank of Canada FI’s holdings in Interpublic Group of Companies were worth $3,088,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new stake in Interpublic Group of Companies in the fourth quarter valued at approximately $29,000. Authentikos Wealth Advisory LLC purchased a new stake in Interpublic Group of Companies during the 3rd quarter valued at $33,000. Tobam grew its holdings in Interpublic Group of Companies by 2,340.0% in the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock worth $36,000 after acquiring an additional 1,053 shares during the last quarter. First Command Advisory Services Inc. bought a new stake in Interpublic Group of Companies in the 3rd quarter worth $43,000. Finally, MCF Advisors LLC purchased a new position in shares of Interpublic Group of Companies in the fourth quarter valued at about $43,000. 98.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 stock was 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 owns 415,776 shares in the company, valued at $13,387,987.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Christopher F. Carroll sold 18,382 shares of the firm’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 $591,900.40. Following the completion of the sale, the chief accounting officer now owns 42,390 shares of the company’s stock, valued at $1,364,958. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value 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 249,646 shares of company stock worth $8,038,601 in the last 90 days. Insiders own 0.42% of the company’s stock.

Interpublic Group of Companies Price Performance

IPG opened at $31.15 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 company has a market cap of $11.76 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The stock has a fifty day simple moving average of $31.64 and a two-hundred day simple moving average of $31.55.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Interpublic Group of Companies’s quarterly revenue was down 1.0% on a year-over-year basis. Research analysts predict that The Interpublic Group of Companies, Inc. will post 2.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IPG. 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. JPMorgan Chase & Co. reduced their target price on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Finally, Wells Fargo & Company dropped their price target on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.13.

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.