Yousif Capital Management LLC Lowers Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Yousif Capital Management LLC lowered its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 54,981 shares of the business services provider’s stock after selling 2,540 shares during the period. Yousif Capital Management LLC’s holdings in Interpublic Group of Companies were worth $1,795,000 at the end of the most recent quarter.

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

Interpublic Group of Companies Stock Up 0.2 %

Shares of Interpublic Group of Companies stock opened at $30.49 on Thursday. 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 business’s 50 day simple moving average is $31.79 and its 200-day simple moving average is $31.42. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 2.29 and a beta of 1.13. The Interpublic Group of Companies, Inc. has a twelve month low of $27.20 and a twelve month high of $40.95.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Wednesday, April 24th. The business services provider reported $0.36 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the firm earned $0.38 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. Equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.78 earnings per share for the current year.

Interpublic Group of Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.33 dividend. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 4.33%. The ex-dividend date was Thursday, February 29th. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 46.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IPG shares. UBS Group started coverage on Interpublic Group of Companies in a report on Thursday, January 11th. They set a “neutral” rating and a $36.00 target price on the stock. 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 report on Friday, February 9th. Wells Fargo & Company reduced their target price on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. Finally, Barclays increased their target price on Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus target price of $35.13.

Insider Activity at Interpublic Group of Companies

In related news, EVP Andrew Bonzani sold 40,468 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total value of $1,303,069.60. Following the sale, the executive vice president now directly owns 70,431 shares in the company, valued at approximately $2,267,878.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Interpublic Group of Companies news, CFO Ellen Tobi Johnson sold 40,393 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total transaction of $1,300,654.60. Following the completion of the transaction, the chief financial officer now directly owns 88,350 shares of the company’s stock, valued at approximately $2,844,870. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $1,303,069.60. Following the transaction, the executive vice president now directly owns 70,431 shares of the company’s stock, valued at $2,267,878.20. The disclosure for this sale can be found here. Insiders have sold a total of 249,646 shares of company stock worth $8,038,601 in the last three months. 0.42% of the stock is 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.