Edgestream Partners L.P. Has $1.58 Million Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Edgestream Partners L.P. trimmed its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 33.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,272 shares of the business services provider's stock after selling 27,852 shares during the quarter. Edgestream Partners L.P.'s holdings in Interpublic Group of Companies were worth $1,577,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its position in 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 worth $943,993,000 after purchasing an additional 3,920,975 shares in the last quarter. Assetmark Inc. increased its position in Interpublic Group of Companies by 3.0% during the 4th 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 in the last quarter. Integrated Wealth Concepts LLC increased its position 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 worth $913,000 after purchasing an additional 20,395 shares in the last quarter. ING Groep NV acquired a new position in Interpublic Group of Companies during the 3rd quarter worth approximately $1,589,000. Finally, Bridgewater Associates LP grew its holdings in 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 worth $3,313,000 after acquiring an additional 94,821 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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Interpublic Group of Companies Stock Up 1.4 %

NYSE IPG traded up $0.38 on Friday, hitting $26.47. 10,903,843 shares of the company were exchanged, compared to its average volume of 4,541,903. The company has a market cap of $9.86 billion, a PE ratio of 14.46 and a beta of 1.14. The Interpublic Group of Companies, Inc. has a 12 month low of $25.91 and a 12 month high of $35.17. The stock has a fifty day moving average of $27.66 and a 200-day moving average of $29.36. 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 issued its earnings results on Wednesday, February 12th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, analysts forecast that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

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

Interpublic Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.99%. The ex-dividend date is Monday, March 3rd. Interpublic Group of Companies's dividend payout ratio is presently 72.13%.

Insider Buying and Selling

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 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. This represents a 13.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IPG shares. BNP Paribas raised shares of Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 target price on the stock in a report on Friday, January 10th. Wells Fargo & Company raised shares of Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $26.00 to $34.00 in a report on Tuesday, December 10th. StockNews.com started coverage on shares of Interpublic Group of Companies in a report on Sunday, March 9th. They set a "hold" rating on the stock. UBS Group raised shares of Interpublic Group of Companies from a "sell" rating to a "neutral" rating and reduced their target price for the stock from $29.00 to $27.00 in a 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 boosted their target price for the stock from $32.00 to $39.00 in a report on Monday, January 27th. One equities 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $33.50.

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.