The Interpublic Group of Companies, Inc. (NYSE:IPG) Stake Lowered by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 26.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 563,058 shares of the business services provider’s stock after selling 201,601 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.15% of Interpublic Group of Companies worth $18,412,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Interpublic Group of Companies by 2.3% during the first quarter. Vanguard Group Inc. now owns 47,707,617 shares of the business services provider’s stock valued at $1,691,233,000 after purchasing an additional 1,075,059 shares during the last quarter. State Street Corp grew its holdings in shares of Interpublic Group of Companies by 1.1% during the third quarter. State Street Corp now owns 21,132,312 shares of the business services provider’s stock valued at $540,987,000 after purchasing an additional 226,086 shares during the last quarter. Black Creek Investment Management Inc. grew its holdings in shares of Interpublic Group of Companies by 14.1% during the third quarter. Black Creek Investment Management Inc. now owns 9,722,563 shares of the business services provider’s stock valued at $278,649,000 after purchasing an additional 1,204,630 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Interpublic Group of Companies by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,291,211 shares of the business services provider’s stock worth $266,286,000 after buying an additional 167,810 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Interpublic Group of Companies by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 8,428,989 shares of the business services provider’s stock worth $314,227,000 after buying an additional 133,527 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. UBS Group assumed coverage on Interpublic Group of Companies in a report on Thursday, January 11th. They issued a “neutral” rating and a $36.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Barclays increased their price objective on Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Finally, Wells Fargo & Company increased their price objective on Interpublic Group of Companies from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Interpublic Group of Companies has a consensus rating of “Hold” and an average price target of $35.25.

Insider Activity

In other news, CAO Christopher F. Carroll sold 18,382 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 $591,900.40. Following the completion of the sale, the chief accounting officer now owns 42,390 shares in the company, valued at approximately $1,364,958. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Christopher F. Carroll sold 18,382 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 value of $591,900.40. Following the completion of the sale, the chief accounting officer now owns 42,390 shares in the company, valued at $1,364,958. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew Bonzani sold 40,468 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 $1,303,069.60. Following the completion of the sale, the executive vice president now owns 70,431 shares of the company’s stock, valued at approximately $2,267,878.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 249,646 shares of company stock worth $8,038,601. Insiders own 0.33% of the company’s stock.

Interpublic Group of Companies Stock Performance

IPG opened at $31.47 on Tuesday. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 2.16 and a beta of 1.13. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.06. The Interpublic Group of Companies, Inc. has a 1-year low of $27.20 and a 1-year high of $40.95. The business has a 50 day moving average price of $32.36 and a two-hundred day moving average price of $31.18.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Interpublic Group of Companies had a return on equity of 30.52% and a net margin of 10.09%. 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 quarterly revenue was up 1.4% compared to the same quarter last year. Research analysts predict that The Interpublic Group of Companies, Inc. will post 2.78 EPS for the current fiscal year.

Interpublic Group of Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Thursday, February 29th. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. Interpublic Group of Companies’s dividend payout ratio is 46.32%.

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.