The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 30.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,109,155 shares of the business services provider's stock after purchasing an additional 260,312 shares during the quarter. Wellington Management Group LLP owned about 0.30% of Interpublic Group of Companies worth $31,079,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its holdings 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 buying an additional 3,920,975 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Interpublic Group of Companies by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,938,530 shares of the business services provider's stock valued at $362,538,000 after acquiring an additional 511,607 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Interpublic Group of Companies by 0.9% in the third quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider's stock valued at $298,107,000 after purchasing an additional 81,265 shares during the period. Pacer Advisors Inc. grew its stake in Interpublic Group of Companies by 25,637.0% during the 4th quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider's stock worth $207,439,000 after purchasing an additional 7,374,491 shares in the last quarter. Finally, Amundi increased its holdings in Interpublic Group of Companies by 133.6% during the 4th quarter. Amundi now owns 5,402,201 shares of the business services provider's stock worth $150,393,000 after purchasing an additional 3,089,387 shares during the period. Hedge funds and other institutional investors own 98.43% of the company's stock.

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Insiders Place Their Bets

In other 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 directly owns 143,373 shares of the company's stock, valued at $3,845,263.86. This represents a 13.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.42% of the stock is currently owned by company insiders.

Interpublic Group of Companies Stock Performance

Shares of IPG stock traded up $0.53 during trading hours on Friday, hitting $24.57. The stock had a trading volume of 4,549,684 shares, compared to its average volume of 5,073,361. The stock's 50 day moving average is $26.44 and its 200 day moving average is $28.40. The firm has a market capitalization of $9.16 billion, a PE ratio of 13.43 and a beta of 1.01. The Interpublic Group of Companies, Inc. has a twelve month low of $22.51 and a twelve month high of $33.05. 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 issued its quarterly earnings data 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, 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 declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $155.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.37%. The ex-dividend date was Monday, March 3rd. Interpublic Group of Companies's payout ratio is 72.13%.

Analyst Ratings Changes

IPG has been the subject of several recent research reports. Argus cut Interpublic Group of Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $32.00 to $39.00 in a report on Monday, January 27th. UBS Group upgraded shares of Interpublic Group of Companies from a "sell" rating to a "neutral" rating and reduced their price objective for the company from $29.00 to $27.00 in a report on Thursday, February 13th. StockNews.com assumed coverage on shares of Interpublic Group of Companies in a research report on Thursday. They set a "hold" rating for the company. Finally, Barclays raised Interpublic Group of Companies from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $32.00 to $36.00 in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. 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 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.