Capital Management Corp VA Reduces Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Capital Management Corp VA decreased its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 61.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 55,950 shares of the business services provider’s stock after selling 90,586 shares during the period. Capital Management Corp VA’s holdings in Interpublic Group of Companies were worth $1,568,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE lifted its position in Interpublic Group of Companies by 55.0% during the third quarter. US Bancorp DE now owns 42,137 shares of the business services provider’s stock valued at $1,333,000 after purchasing an additional 14,950 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Interpublic Group of Companies by 12.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 31,648 shares of the business services provider’s stock valued at $1,001,000 after buying an additional 3,499 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Interpublic Group of Companies by 6.5% during the 3rd quarter. Van ECK Associates Corp now owns 153,332 shares of the business services provider’s stock valued at $4,606,000 after buying an additional 9,393 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Interpublic Group of Companies by 5.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 80,775 shares of the business services provider’s stock worth $2,555,000 after acquiring an additional 4,241 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Interpublic Group of Companies by 0.4% during the third quarter. Asset Management One Co. Ltd. now owns 148,951 shares of the business services provider’s stock valued at $4,711,000 after acquiring an additional 622 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Insider Buying and Selling at Interpublic Group of Companies

In other 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 value of $574,672.14. Following the transaction, the chief financial officer now owns 143,373 shares of the company’s stock, valued at approximately $3,845,263.86. The trade was a 13.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on IPG shares. Argus cut Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. StockNews.com started coverage on shares of Interpublic Group of Companies in a report on Saturday, March 1st. They issued a “hold” rating on the stock. JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $32.00 to $39.00 in a report on Monday, January 27th. Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. Finally, BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Interpublic Group of Companies presently has an average rating of “Hold” and an average target price of $33.50.

Interpublic Group of Companies Stock Performance

Shares of NYSE IPG opened at $28.20 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The Interpublic Group of Companies, Inc. has a 1 year low of $26.15 and a 1 year high of $35.17. The firm has a fifty day moving average price of $27.74 and a 200-day moving average price of $29.49. The stock has a market cap of $10.51 billion, a PE ratio of 15.41 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 EPS for the quarter, missing the consensus estimate 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%. Equities 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 announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 12th that authorizes the company to repurchase $155.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.32 annualized dividend and a yield of 4.68%. Interpublic Group of Companies’s payout ratio is 72.13%.

Interpublic Group of Companies 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.