Desjardins Global Asset Management Inc. Has $90,000 Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Desjardins Global Asset Management Inc. cut its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 68.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,753 shares of the business services provider’s stock after selling 5,874 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Interpublic Group of Companies were worth $90,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Interpublic Group of Companies by 85.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 229,511 shares of the business services provider’s stock valued at $7,491,000 after buying an additional 105,858 shares during the last quarter. Vest Financial LLC grew its stake in Interpublic Group of Companies by 30.9% in the 4th quarter. Vest Financial LLC now owns 392,769 shares of the business services provider’s stock valued at $12,820,000 after buying an additional 92,692 shares during the last quarter. New York Life Investment Management LLC grew its stake in Interpublic Group of Companies by 32.5% in the 3rd quarter. New York Life Investment Management LLC now owns 99,678 shares of the business services provider’s stock valued at $2,857,000 after buying an additional 24,459 shares during the last quarter. UBS Group AG grew its stake in Interpublic Group of Companies by 16.2% in the 3rd quarter. UBS Group AG now owns 338,048 shares of the business services provider’s stock valued at $9,688,000 after buying an additional 47,184 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Interpublic Group of Companies by 212.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 827,224 shares of the business services provider’s stock valued at $23,708,000 after buying an additional 562,823 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IPG has been the topic of a number of research reports. UBS Group initiated coverage on shares of Interpublic Group of Companies in a research note on Thursday, January 11th. They issued a “neutral” rating and a $36.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of 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. Wells Fargo & Company increased their target price on shares of Interpublic Group of Companies from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Finally, Barclays increased 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. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.25.

Interpublic Group of Companies Stock Performance

Shares of Interpublic Group of Companies stock opened at $30.72 on Friday. The company has a 50 day moving average of $31.98 and a 200-day moving average of $31.28. The Interpublic Group of Companies, Inc. has a 1-year low of $27.20 and a 1-year high of $40.95. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. The company has a market cap of $11.59 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Interpublic Group of Companies had a net margin of 10.09% and a return on equity of 30.52%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm posted $1.02 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.78 earnings per share for the current fiscal year.

Interpublic Group of Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Thursday, February 29th. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. Interpublic Group of Companies’s dividend payout ratio is 46.32%.

Insider Transactions at Interpublic Group of Companies

In other news, EVP Andrew Bonzani sold 40,468 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 $1,303,069.60. Following the completion of the sale, the executive vice president now owns 70,431 shares of the company’s stock, valued at approximately $2,267,878.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Andrew Bonzani sold 40,468 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 value of $1,303,069.60. Following the completion of the transaction, the executive vice president now owns 70,431 shares of the company’s stock, valued at approximately $2,267,878.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Philippe Krakowsky sold 150,403 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 $4,842,976.60. Following the completion of the transaction, the chief executive officer now directly owns 415,776 shares of the company’s stock, valued at approximately $13,387,987.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 249,646 shares of company stock valued at $8,038,601. Company insiders own 0.35% of the company’s stock.

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.