Vontobel Holding Ltd. Has $3.36 Million Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Vontobel Holding Ltd. lessened its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,021 shares of the business services provider’s stock after selling 2,512 shares during the quarter. Vontobel Holding Ltd.’s holdings in Interpublic Group of Companies were worth $3,363,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IPG. AMF Tjanstepension AB boosted its holdings in shares of Interpublic Group of Companies by 70.3% in the 3rd quarter. AMF Tjanstepension AB now owns 253,172 shares of the business services provider’s stock valued at $8,008,000 after buying an additional 104,514 shares during the last quarter. Trust Co. of Vermont lifted its holdings in Interpublic Group of Companies by 250.0% during the 3rd quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 1,500 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Interpublic Group of Companies by 134.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 77,237 shares of the business services provider’s stock valued at $2,443,000 after purchasing an additional 44,225 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new stake in Interpublic Group of Companies during the 3rd quarter valued at $218,000. Finally, Stratos Wealth Advisors LLC lifted its holdings in Interpublic Group of Companies by 22.5% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 50,141 shares of the business services provider’s stock valued at $1,586,000 after purchasing an additional 9,210 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Up 0.4 %

Shares of NYSE IPG opened at $27.08 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The Interpublic Group of Companies, Inc. has a 52 week low of $26.30 and a 52 week high of $35.17. The stock has a market capitalization of $10.09 billion, a P/E ratio of 12.77 and a beta of 1.11. The stock’s fifty day moving average is $28.30 and its 200 day moving average is $29.82.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.04). Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. Sell-side analysts forecast that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current fiscal year.

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

Interpublic Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Monday, March 3rd. Interpublic Group of Companies’s dividend payout ratio is presently 62.26%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IPG. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Friday, January 10th. StockNews.com started coverage on Interpublic Group of Companies in a report on Thursday. They set a “hold” rating for the company. UBS Group raised Interpublic Group of Companies from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $29.00 to $27.00 in a report on Thursday. Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $32.00 to $36.00 in a report on Friday, January 24th. Finally, Macquarie reissued a “neutral” rating and set a $31.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.