The Interpublic Group of Companies, Inc. (NYSE:IPG) Stake Lessened by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,950 shares of the business services provider’s stock after selling 2,422 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.06% of Interpublic Group of Companies worth $6,983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Compass Wealth Management LLC bought a new position in shares of Interpublic Group of Companies in the fourth quarter valued at approximately $25,000. Clear Street Markets LLC lifted its stake in Interpublic Group of Companies by 94.9% during the first quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 372 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Interpublic Group of Companies during the third quarter valued at approximately $33,000. Resurgent Financial Advisors LLC acquired a new stake in Interpublic Group of Companies during the fourth quarter valued at approximately $34,000. Finally, First Manhattan CO. LLC. lifted its stake in Interpublic Group of Companies by 1,176.5% during the first quarter. First Manhattan CO. LLC. now owns 1,085 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 1,000 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Interpublic Group of Companies news, EVP Andrew Bonzani sold 40,468 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $1,303,069.60. Following the completion of the sale, the executive vice president now owns 70,431 shares in the company, valued at approximately $2,267,878.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, 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 transaction, the chief financial officer now owns 88,350 shares in the company, valued at approximately $2,844,870. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Andrew Bonzani sold 40,468 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total transaction of $1,303,069.60. Following the transaction, the executive vice president now owns 70,431 shares in the company, valued at approximately $2,267,878.20. 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 quarter. 0.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Interpublic Group of Companies Stock Up 0.0 %

Shares of NYSE:IPG opened at $31.47 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $11.92 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 2.16 and a beta of 1.13. The Interpublic Group of Companies, Inc. has a 52 week low of $27.20 and a 52 week high of $40.95. The firm has a 50 day simple moving average of $32.36 and a 200 day simple moving average of $31.18.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Thursday, February 8th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Interpublic Group of Companies had a net margin of 10.09% and a return on equity of 30.52%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm earned $1.02 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. As a group, research analysts expect that The Interpublic Group of Companies, Inc. will post 2.78 earnings per share 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. Shareholders of record on Friday, March 1st were given a $0.33 dividend. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, February 29th. This represents a $1.32 dividend on an annualized basis and a yield of 4.19%. Interpublic Group of Companies’s dividend payout ratio is presently 46.32%.

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.