APG Asset Management N.V. Makes New $5.62 Million Investment in The Interpublic Group of Companies, Inc. (NYSE:IPG)

APG Asset Management N.V. purchased a new position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 207,800 shares of the business services provider's stock, valued at approximately $5,623,000. APG Asset Management N.V. owned about 0.06% of Interpublic Group of Companies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of IPG. Allworth Financial LP raised its holdings in Interpublic Group of Companies by 75.8% during the fourth quarter. Allworth Financial LP now owns 1,113 shares of the business services provider's stock valued at $31,000 after buying an additional 480 shares in the last quarter. OFI Invest Asset Management bought a new stake in Interpublic Group of Companies during the fourth quarter worth approximately $36,000. Wilmington Savings Fund Society FSB acquired a new position in Interpublic Group of Companies during the third quarter valued at approximately $107,000. CENTRAL TRUST Co raised its position in shares of Interpublic Group of Companies by 10.6% in the fourth quarter. CENTRAL TRUST Co now owns 7,037 shares of the business services provider's stock valued at $197,000 after purchasing an additional 675 shares during the period. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of Interpublic Group of Companies during the 4th quarter worth $203,000. Institutional investors own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IPG. StockNews.com began coverage on shares of Interpublic Group of Companies in a research report on Thursday, April 10th. They set a "hold" rating for the company. Argus lowered Interpublic Group of Companies from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Citigroup reiterated a "buy" rating and set a $35.00 price target on shares of Interpublic Group of Companies in a report on Tuesday. UBS Group raised shares of Interpublic Group of Companies from a "sell" rating to a "neutral" rating and dropped their target price for the stock from $29.00 to $27.00 in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and increased their price target for the company from $32.00 to $39.00 in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Interpublic Group of Companies currently has an average rating of "Hold" and a consensus target price of $33.67.

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Insider Buying and Selling 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 on Monday, March 3rd. The stock was sold at an average price of $26.82, for a total transaction of $574,672.14. Following the transaction, the chief financial officer now owns 143,373 shares of the company's stock, valued at approximately $3,845,263.86. This represents a 13.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.42% of the company's stock.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG traded down $1.85 during midday trading on Wednesday, reaching $23.29. 9,930,344 shares of the company traded hands, compared to its average volume of 5,102,945. The Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The stock's 50-day simple moving average is $26.33 and its 200-day simple moving average is $28.31. The firm has a market cap of $8.68 billion, a PE ratio of 12.73 and a beta of 1.01.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.11 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, equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend was Monday, March 3rd. Interpublic Group of Companies's dividend payout ratio is currently 72.13%.

Interpublic Group of Companies announced that its board has approved a share repurchase program on Wednesday, February 12th that allows the company to buyback $155.00 million in shares. This buyback authorization allows the business services provider to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

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.