Bokf Na reduced its position in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 9.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,791 shares of the business services provider’s stock after selling 7,166 shares during the period. Bokf Na’s holdings in Interpublic Group of Companies were worth $1,481,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of IPG. Prime Capital Investment Advisors LLC bought a new stake in shares of Interpublic Group of Companies during the 4th quarter worth $29,000. CWM LLC boosted its holdings in shares of Interpublic Group of Companies by 85.2% during the 4th quarter. CWM LLC now owns 1,880 shares of the business services provider’s stock worth $39,000 after buying an additional 865 shares during the period. Bremer Trust National Association bought a new stake in shares of Interpublic Group of Companies during the 4th quarter worth $40,000. Westside Investment Management Inc. bought a new stake in shares of Interpublic Group of Companies during the 4th quarter worth $41,000. Finally, Berman Capital Advisors LLC bought a new stake in shares of Interpublic Group of Companies during the 4th quarter worth $56,000. 99.62% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Philippe Krakowsky sold 45,867 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $22.95, for a total value of $1,052,647.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jocelyn Carter-Miller sold 5,800 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $22.46, for a total transaction of $130,268.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 346,386 shares of company stock valued at $7,946,717. Corporate insiders own 1.32% of the company’s stock.
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Royal Bank of Canada cut shares of Interpublic Group of Companies from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $28.00 to $24.00 in a research note on Thursday, January 17th. Finally, Pivotal Research upgraded shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and upped their target price for the company from $22.00 to $25.00 in a research note on Monday, January 7th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Interpublic Group of Companies has an average rating of “Hold” and an average target price of $25.44.
NYSE:IPG opened at $22.34 on Friday. The firm has a market cap of $8.60 billion, a P/E ratio of 12.01, a P/E/G ratio of 4.51 and a beta of 1.07. Interpublic Group of Companies Inc has a one year low of $19.61 and a one year high of $25.77. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.50.
Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Wednesday, February 13th. The business services provider reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.10. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Interpublic Group of Companies had a net margin of 6.37% and a return on equity of 32.07%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 EPS. As a group, analysts forecast that Interpublic Group of Companies Inc will post 1.86 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.235 per share. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.21. This represents a $0.94 annualized dividend and a yield of 4.21%. The ex-dividend date was Thursday, February 28th. Interpublic Group of Companies’s dividend payout ratio is presently 50.54%.
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Interpublic Group of Companies Company Profile
The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.
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