Boston Partners Decreases Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Boston Partners trimmed its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,330,025 shares of the business services provider's stock after selling 17,096 shares during the period. Boston Partners owned approximately 0.36% of Interpublic Group of Companies worth $37,269,000 at the end of the most recent quarter.

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

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Interpublic Group of Companies Price Performance

Shares of Interpublic Group of Companies stock traded down $0.53 during trading hours on Monday, hitting $25.98. The company's stock had a trading volume of 9,517,009 shares, compared to its average volume of 4,677,629. The company has a market cap of $9.68 billion, a PE ratio of 14.19 and a beta of 1.14. 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 business has a 50 day moving average price of $27.53 and a two-hundred day moving average price of $29.08. The Interpublic Group of Companies, Inc. has a 12-month low of $25.85 and a 12-month high of $33.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted 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 return on equity of 27.10% and a net margin of 6.45%. Analysts expect 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 declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Monday, March 3rd. Interpublic Group of Companies's payout ratio is currently 72.13%.

Interpublic Group of Companies announced that its board has authorized a share repurchase program on Wednesday, February 12th that allows the company to repurchase $155.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

IPG has been the topic of a number of recent research reports. UBS Group raised Interpublic Group of Companies from a "sell" rating to a "neutral" rating and lowered their target price for the company from $29.00 to $27.00 in a report on Thursday, February 13th. JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $32.00 to $39.00 in a report on Monday, January 27th. BNP Paribas raised shares of Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 target price for the company in a report on Friday, January 10th. StockNews.com initiated coverage on shares of Interpublic Group of Companies in a research report on Monday, March 17th. They issued a "hold" rating on the stock. Finally, Wells Fargo & Company raised shares of Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Interpublic Group of Companies has a consensus rating of "Hold" and an average price target of $33.50.

Insider Buying and Selling at Interpublic Group of Companies

In related news, CFO Ellen Tobi Johnson sold 21,427 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $26.82, for a total value of $574,672.14. Following the sale, the chief financial officer now owns 143,373 shares in the company, valued at approximately $3,845,263.86. The trade was a 13.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.42% of the company's stock.

Interpublic Group of Companies Company 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.