Twin Tree Management LP Increases Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Twin Tree Management LP increased its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 522.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,890 shares of the business services provider's stock after buying an additional 70,403 shares during the quarter. Twin Tree Management LP's holdings in Interpublic Group of Companies were worth $2,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP grew its stake 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 acquiring an additional 480 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Interpublic Group of Companies in the fourth quarter worth $36,000. Brooklyn Investment Group acquired a new stake in shares of Interpublic Group of Companies during the third quarter worth $60,000. Transamerica Financial Advisors Inc. grew its holdings in shares of Interpublic Group of Companies by 243,700.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 2,438 shares of the business services provider's stock valued at $78,000 after buying an additional 2,437 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Interpublic Group of Companies in the 3rd quarter valued at $107,000. 98.43% of the stock is owned by institutional investors and hedge funds.

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Interpublic Group of Companies Price Performance

Shares of Interpublic Group of Companies stock traded up $0.04 during trading hours on Friday, reaching $26.51. The stock had a trading volume of 42,353,534 shares, compared to its average volume of 4,649,081. The Interpublic Group of Companies, Inc. has a twelve month low of $25.85 and a twelve month high of $33.27. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $9.88 billion, a PE ratio of 14.48 and a beta of 1.14. The stock's 50 day moving average is $27.53 and its 200 day moving average is $29.11.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its quarterly 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%. Equities 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 announced that its Board of Directors has initiated a share buyback program on Wednesday, February 12th that permits the company to repurchase $155.00 million in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.33 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 4.98%. Interpublic Group of Companies's dividend payout ratio is currently 72.13%.

Insider Buying and Selling

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 stock was sold at an average price of $26.82, for a total value of $574,672.14. Following the sale, the chief financial officer now directly 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 filing with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. BNP Paribas upgraded Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 price target on the stock in a research note on Friday, January 10th. UBS Group upgraded shares of Interpublic Group of Companies from a "sell" rating to a "neutral" rating and cut their price target for the stock from $29.00 to $27.00 in a report on Thursday, February 13th. Barclays upgraded shares of Interpublic Group of Companies from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $32.00 to $36.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $32.00 to $39.00 in a research note on Monday, January 27th. Finally, Wells Fargo & Company raised shares of Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Interpublic Group of Companies currently has a consensus rating of "Hold" and an average price target 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.