Ossiam Has $3.98 Million Stock Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Ossiam lessened its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 141,974 shares of the business services provider’s stock after selling 18,799 shares during the quarter. Ossiam’s holdings in Interpublic Group of Companies were worth $3,978,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Interpublic Group of Companies in the 4th quarter valued at about $432,000. Dimensional Fund Advisors LP boosted its stake in shares of Interpublic Group of Companies by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,422,468 shares of the business services provider’s stock valued at $207,974,000 after buying an additional 333,347 shares during the period. First Trust Advisors LP grew its position in Interpublic Group of Companies by 13.0% during the fourth quarter. First Trust Advisors LP now owns 12,975,872 shares of the business services provider’s stock worth $363,584,000 after buying an additional 1,492,019 shares in the last quarter. Forum Financial Management LP increased its stake in Interpublic Group of Companies by 17.2% during the 4th quarter. Forum Financial Management LP now owns 7,612 shares of the business services provider’s stock worth $213,000 after acquiring an additional 1,115 shares during the period. Finally, GeoWealth Management LLC raised its holdings in Interpublic Group of Companies by 20.7% in the 4th quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider’s stock valued at $94,000 after acquiring an additional 573 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IPG. StockNews.com began coverage on Interpublic Group of Companies in a research report on Friday. They issued a “hold” rating on the stock. UBS Group raised shares of Interpublic Group of Companies from a “sell” rating to a “neutral” rating and decreased their target price for the company from $29.00 to $27.00 in a report on Thursday, February 13th. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Friday, January 10th. Argus downgraded shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, Citigroup reaffirmed a “buy” rating and issued a $35.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Interpublic Group of Companies has an average rating of “Hold” and an average target price of $33.67.

Interpublic Group of Companies Trading Up 2.8 %

Shares of IPG stock opened at $23.91 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $8.91 billion, a P/E ratio of 13.07 and a beta of 1.01. The Interpublic Group of Companies, Inc. has a twelve month low of $22.51 and a twelve month high of $33.05. The stock’s fifty day simple moving average is $26.11 and its 200 day simple moving average is $28.15.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.04). Interpublic Group of Companies had a net margin of 6.45% and a return on equity of 27.10%. As a group, sell-side analysts predict that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.32 annualized dividend and a dividend yield of 5.52%. Interpublic Group of Companies’s dividend payout ratio is 72.13%.

Interpublic Group of Companies announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 12th that authorizes the company to repurchase $155.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Interpublic Group of Companies

In other Interpublic Group of Companies news, CFO Ellen Tobi Johnson sold 21,427 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $26.82, for a total value of $574,672.14. Following the sale, the chief financial officer now owns 143,373 shares in the company, valued at approximately $3,845,263.86. The trade was a 13.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.42% of the stock is currently owned by company insiders.

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.