Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 50.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,812 shares of the business services provider's stock after purchasing an additional 41,049 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Interpublic Group of Companies were worth $3,441,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC raised its position in Interpublic Group of Companies by 418.7% in the third quarter. Quest Partners LLC now owns 6,878 shares of the business services provider's stock worth $218,000 after acquiring an additional 5,552 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Interpublic Group of Companies in the 3rd quarter worth approximately $294,000. Raymond James Trust N.A. raised its holdings in shares of Interpublic Group of Companies by 13.0% in the 3rd quarter. Raymond James Trust N.A. now owns 39,906 shares of the business services provider's stock worth $1,262,000 after purchasing an additional 4,601 shares in the last quarter. Cerity Partners LLC lifted its stake in Interpublic Group of Companies by 448.5% during the third quarter. Cerity Partners LLC now owns 268,154 shares of the business services provider's stock valued at $8,482,000 after purchasing an additional 219,263 shares during the last quarter. Finally, Swedbank AB grew its position in Interpublic Group of Companies by 2.1% in the third quarter. Swedbank AB now owns 613,367 shares of the business services provider's stock worth $19,401,000 after buying an additional 12,431 shares during the last quarter. Institutional investors own 98.43% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on IPG. JPMorgan Chase & Co. raised Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $32.00 to $39.00 in a research report on Monday, January 27th. Barclays raised shares of Interpublic Group of Companies from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $32.00 to $36.00 in a research note on Friday, January 24th. Argus lowered shares of Interpublic Group of Companies from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. BNP Paribas upgraded shares of Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 price target for the company in a research report on Friday, January 10th. Finally, Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock 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 issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $33.50.
Read Our Latest Stock Report on Interpublic Group of Companies
Insider Activity at Interpublic Group of Companies
In other news, CFO Ellen Tobi Johnson sold 21,427 shares of the business's stock in a transaction dated 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 owns 143,373 shares in the company, valued at approximately $3,845,263.86. The trade was a 13.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.
Interpublic Group of Companies Stock Down 0.3 %
NYSE IPG traded down $0.07 during trading on Thursday, reaching $26.42. The company's stock had a trading volume of 6,442,831 shares, compared to its average volume of 4,690,058. The business has a 50-day moving average price of $27.46 and a 200-day moving average price of $28.99. The Interpublic Group of Companies, Inc. has a 1-year low of $25.85 and a 1-year high of $33.05. The stock has a market capitalization of $9.85 billion, a PE ratio of 14.44 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.
Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its earnings results 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 return on equity of 27.10% and a net margin of 6.45%. On average, research analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.32 annualized dividend and a dividend yield of 5.00%. Interpublic Group of Companies's dividend payout ratio is presently 72.13%.
Interpublic Group of Companies declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $155.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.
Interpublic Group of Companies Company Profile
(
Free Report)
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.
Further Reading
Before you consider Interpublic Group of Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Interpublic Group of Companies wasn't on the list.
While Interpublic Group of Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
