The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Greenleaf Trust

Greenleaf Trust decreased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,963 shares of the business services provider’s stock after selling 904 shares during the quarter. Greenleaf Trust’s holdings in Interpublic Group of Companies were worth $1,011,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Western Wealth Management LLC increased its stake in shares of Interpublic Group of Companies by 1.7% in the 4th quarter. Western Wealth Management LLC now owns 35,110 shares of the business services provider’s stock valued at $1,146,000 after purchasing an additional 589 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Interpublic Group of Companies by 7.0% in the fourth quarter. Federated Hermes Inc. now owns 60,237 shares of the business services provider’s stock valued at $1,966,000 after buying an additional 3,920 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Interpublic Group of Companies by 0.9% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 120,077 shares of the business services provider’s stock worth $3,918,000 after buying an additional 1,090 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Interpublic Group of Companies by 5.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 72,180 shares of the business services provider’s stock valued at $2,356,000 after buying an additional 3,675 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Interpublic Group of Companies by 505.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 495,934 shares of the business services provider’s stock valued at $16,187,000 after acquiring an additional 413,994 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Interpublic Group of Companies

In other news, CAO Christopher F. Carroll sold 18,382 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 $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 approximately $1,364,958. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CAO Christopher F. Carroll sold 18,382 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 $591,900.40. Following the completion of the transaction, the chief accounting officer now owns 42,390 shares of the company’s stock, valued at approximately $1,364,958. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Philippe Krakowsky sold 150,403 shares of the business’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 sale, 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. Over the last quarter, insiders sold 249,646 shares of company stock valued at $8,038,601. 0.42% of the stock is owned by company insiders.

Interpublic Group of Companies Stock Up 1.1 %

IPG stock opened at $30.72 on Monday. The company has a market cap of $11.59 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 2.11 and a beta of 1.13. The firm has a 50-day moving average of $31.98 and a two-hundred day moving average of $31.32. 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 current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.16 by $0.02. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Interpublic Group of Companies had a return on equity of 30.52% and a net margin of 10.09%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.02 earnings per share. As a group, 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 given a dividend of $0.33 per share. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, February 29th. This represents a $1.32 annualized dividend and a dividend yield of 4.30%. Interpublic Group of Companies’s payout ratio is presently 46.32%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays upped their price objective 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. JPMorgan Chase & Co. reduced 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 report on Friday, February 9th. Wells Fargo & Company lifted their price objective on Interpublic Group of Companies from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Finally, UBS Group initiated coverage on Interpublic Group of Companies in a research note on Thursday, January 11th. They set a “neutral” rating and a $36.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Interpublic Group of Companies currently has an average rating of “Hold” and an average target price of $35.25.

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.