American Century Companies Inc. Has $129.10 Million Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

American Century Companies Inc. lessened its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,607,529 shares of the business services provider's stock after selling 1,087,536 shares during the quarter. American Century Companies Inc. owned 1.24% of Interpublic Group of Companies worth $129,103,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its holdings in shares of Interpublic Group of Companies by 15.1% during the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider's stock valued at $943,993,000 after purchasing an additional 3,920,975 shares during the last quarter. Assetmark Inc. grew its stake in shares of Interpublic Group of Companies by 3.0% during the fourth quarter. Assetmark Inc. now owns 42,496 shares of the business services provider's stock worth $1,191,000 after buying an additional 1,238 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Interpublic Group of Companies by 240.9% during the third quarter. Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider's stock worth $913,000 after buying an additional 20,395 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Interpublic Group of Companies by 69.5% in the 4th quarter. Jones Financial Companies Lllp now owns 7,294 shares of the business services provider's stock valued at $204,000 after acquiring an additional 2,991 shares during the last quarter. Finally, Bridgewater Associates LP boosted its holdings in shares of Interpublic Group of Companies by 956.5% during the 3rd quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider's stock valued at $3,313,000 after acquiring an additional 94,821 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

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Analysts Set New Price Targets

IPG has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $32.00 to $39.00 in a report on Monday, January 27th. BNP Paribas upgraded shares of Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 price objective for the company in a report on Friday, January 10th. Barclays raised shares of Interpublic Group of Companies from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $32.00 to $36.00 in a report on Friday, January 24th. Wells Fargo & Company raised shares of Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. Finally, UBS Group raised shares of Interpublic Group of Companies from a "sell" rating to a "neutral" rating and reduced their price objective for the stock from $29.00 to $27.00 in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $33.50.

Interpublic Group of Companies Trading Down 0.3 %

NYSE IPG traded down $0.07 during mid-day trading on Thursday, reaching $26.42. 6,442,831 shares of the stock were exchanged, compared to its average volume of 4,690,058. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $9.85 billion, a P/E ratio of 14.44 and a beta of 1.14. The stock has a 50 day simple moving average of $27.46 and a 200-day simple moving average of $28.99. The Interpublic Group of Companies, Inc. has a one year low of $25.85 and a one year high of $33.05.

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

Interpublic Group of Companies Announces Dividend

The firm also recently declared 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 dividend yield of 5.00%. The ex-dividend date of this dividend was Monday, March 3rd. Interpublic Group of Companies's payout ratio is 72.13%.

Interpublic Group of Companies declared that its board has initiated a share buyback program on Wednesday, February 12th that authorizes the company to buyback $155.00 million in outstanding shares. This buyback authorization authorizes 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 of directors believes its shares are undervalued.

Insider Transactions at Interpublic Group of Companies

In related news, CFO Ellen Tobi Johnson sold 21,427 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $26.82, for a total transaction of $574,672.14. Following the transaction, the chief financial officer now directly owns 143,373 shares of the company's stock, valued at $3,845,263.86. This represents a 13.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.42% 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.