Callan Family Office LLC Buys New Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Callan Family Office LLC bought a new stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,811 shares of the business services provider’s stock, valued at approximately $247,000.

A number of other institutional investors have also added to or reduced their stakes in IPG. Empirical Finance LLC increased its holdings in shares of 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 worth $1,031,000 after buying an additional 409 shares during the period. West Oak Capital LLC increased its holdings in shares of Interpublic Group of Companies by 0.8% in 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 during the period. Allworth Financial LP grew its stake in shares of Interpublic Group of Companies by 75.8% in the fourth quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock worth $31,000 after purchasing an additional 480 shares during the last quarter. Proactive Wealth Strategies LLC grew its stake in shares of Interpublic Group of Companies by 5.8% in the fourth quarter. Proactive Wealth Strategies LLC now owns 11,094 shares of the business services provider’s stock worth $311,000 after purchasing an additional 607 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Interpublic Group of Companies by 5.8% in the fourth quarter. First Horizon Advisors Inc. now owns 11,507 shares of the business services provider’s stock worth $322,000 after purchasing an additional 630 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on IPG shares. StockNews.com started coverage on Interpublic Group of Companies in a research note on Sunday. They issued a “hold” rating on the stock. Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $32.00 to $36.00 in a research note on Friday, January 24th. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $32.00 to $39.00 in a research report on Monday, January 27th. Finally, BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.50.

Interpublic Group of Companies Stock Performance

Shares of IPG opened at $27.36 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average price is $27.74 and its 200-day moving average price is $29.41. The Interpublic Group of Companies, Inc. has a 52 week low of $26.15 and a 52 week high of $35.17. The stock has a market cap of $10.20 billion, a P/E ratio of 14.95 and a beta of 1.14.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.11 earnings per share 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 research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 4.82%. Interpublic Group of Companies’s payout ratio is currently 72.13%.

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 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 often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Interpublic Group of Companies news, CFO Ellen Tobi Johnson sold 21,427 shares of the business’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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is owned by company insiders.

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.