The Interpublic Group of Companies, Inc. (NYSE:IPG) Holdings Raised by Quantbot Technologies LP

Quantbot Technologies LP raised its position in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 27.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,397 shares of the business services provider's stock after acquiring an additional 55,747 shares during the quarter. Quantbot Technologies LP owned 0.07% of Interpublic Group of Companies worth $7,184,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Empirical Finance LLC grew its position in Interpublic Group of Companies by 1.3% in the third quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider's stock valued at $1,031,000 after acquiring an additional 409 shares in the last quarter. West Oak Capital LLC grew its position in shares of Interpublic Group of Companies by 0.8% during the fourth quarter. West Oak Capital LLC now owns 55,595 shares of the business services provider's stock worth $1,558,000 after buying an additional 435 shares in the last quarter. Allworth Financial LP grew its position in shares of 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 worth $31,000 after buying an additional 480 shares in the last quarter. Xponance Inc. grew its position in shares of Interpublic Group of Companies by 1.0% during the fourth quarter. Xponance Inc. now owns 59,844 shares of the business services provider's stock worth $1,677,000 after buying an additional 587 shares in the last quarter. Finally, Proactive Wealth Strategies LLC grew its position in shares of Interpublic Group of Companies by 5.8% during the fourth quarter. Proactive Wealth Strategies LLC now owns 11,094 shares of the business services provider's stock worth $311,000 after buying an additional 607 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

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Insider Buying and Selling at Interpublic Group of Companies

In related news, CFO Ellen Tobi Johnson sold 21,427 shares of Interpublic Group of Companies 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 sale, the chief financial officer now directly owns 143,373 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is currently owned by company insiders.

Interpublic Group of Companies Stock Performance

IPG traded up $0.36 during trading hours on Tuesday, hitting $26.59. 8,928,740 shares of the stock were exchanged, compared to its average volume of 4,492,262. The stock has a 50-day simple moving average of $27.60 and a 200-day simple moving average of $29.24. The Interpublic Group of Companies, Inc. has a 12 month low of $25.86 and a 12 month high of $33.29. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of 14.53 and a beta of 1.14. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted 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 net margin of 6.45% and a return on equity of 27.10%. Analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies announced that its Board of Directors has authorized a share repurchase plan 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 purchase up to 1.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Interpublic Group of Companies Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend was Monday, March 3rd. Interpublic Group of Companies's payout ratio is 72.13%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IPG. UBS Group raised shares of Interpublic Group of Companies from a "sell" rating to a "neutral" rating and decreased their price target for the stock from $29.00 to $27.00 in a research report on Thursday, February 13th. BNP Paribas raised 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. Argus downgraded shares of Interpublic Group of Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Barclays raised shares of Interpublic Group of Companies from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $32.00 to $39.00 in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Interpublic Group of Companies has an average rating of "Hold" and an average target price of $33.50.

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.