7,685 Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG) Acquired by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC purchased a new position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,685 shares of the business services provider’s stock, valued at approximately $251,000.

Other institutional investors have also made changes to their positions in the company. Vest Financial LLC boosted its holdings in shares of Interpublic Group of Companies by 30.9% during the fourth quarter. Vest Financial LLC now owns 392,769 shares of the business services provider’s stock worth $12,820,000 after purchasing an additional 92,692 shares during the period. New York Life Investment Management LLC lifted its stake in Interpublic Group of Companies by 32.5% in the third quarter. New York Life Investment Management LLC now owns 99,678 shares of the business services provider’s stock valued at $2,857,000 after acquiring an additional 24,459 shares during the last quarter. UBS Group AG lifted its stake in Interpublic Group of Companies by 16.2% in the third quarter. UBS Group AG now owns 338,048 shares of the business services provider’s stock valued at $9,688,000 after acquiring an additional 47,184 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in Interpublic Group of Companies by 212.9% in the third quarter. Qube Research & Technologies Ltd now owns 827,224 shares of the business services provider’s stock valued at $23,708,000 after acquiring an additional 562,823 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Interpublic Group of Companies by 5.4% in the third quarter. California Public Employees Retirement System now owns 792,531 shares of the business services provider’s stock valued at $22,714,000 after acquiring an additional 40,889 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Interpublic Group of Companies

In related news, CFO Ellen Tobi Johnson sold 40,393 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total transaction of $1,300,654.60. Following the completion of the transaction, the chief financial officer now directly owns 88,350 shares in the company, valued at approximately $2,844,870. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Philippe Krakowsky sold 150,403 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $4,842,976.60. Following the completion of the transaction, the chief executive officer now owns 415,776 shares in the company, valued at approximately $13,387,987.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ellen Tobi Johnson sold 40,393 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total transaction of $1,300,654.60. Following the completion of the transaction, the chief financial officer now owns 88,350 shares of the company’s stock, valued at approximately $2,844,870. The disclosure for this sale can be found here. Insiders sold a total of 249,646 shares of company stock worth $8,038,601 in the last ninety days. 0.35% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

IPG has been the subject of a number of analyst reports. UBS Group initiated coverage on shares of Interpublic Group of Companies in a research note on Thursday, January 11th. They issued a “neutral” rating and a $36.00 target price for the company. Wells Fargo & Company lifted their target price on shares of Interpublic Group of Companies from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. reduced their price objective on shares of Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Finally, Barclays boosted their price objective on shares of Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Interpublic Group of Companies currently has an average rating of “Hold” and an average price target of $35.25.

Check Out Our Latest Report on Interpublic Group of Companies

Interpublic Group of Companies Trading Down 0.4 %

Shares of IPG stock opened at $32.63 on Friday. The firm has a market capitalization of $12.36 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 2.25 and a beta of 1.13. The Interpublic Group of Companies, Inc. has a 1 year low of $27.20 and a 1 year high of $40.95. The firm’s fifty day simple moving average is $32.41 and its 200 day simple moving average is $31.12. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last released its earnings results on Thursday, February 8th. The business services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.16 by $0.02. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Interpublic Group of Companies had a net margin of 10.09% and a return on equity of 30.52%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 EPS. As a group, sell-side analysts predict that The Interpublic Group of Companies, Inc. will post 2.78 EPS for the current year.

Interpublic Group of Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.33 per share. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Thursday, February 29th. Interpublic Group of Companies’s dividend payout ratio is presently 46.32%.

Interpublic Group of Companies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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