Mn Services Vermogensbeheer B.V. Sells 6,800 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Mn Services Vermogensbeheer B.V. cut its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 177,300 shares of the business services provider’s stock after selling 6,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Interpublic Group of Companies were worth $5,787,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. boosted its position in Interpublic Group of Companies by 14.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,035 shares of the business services provider’s stock worth $817,000 after purchasing an additional 2,915 shares during the last quarter. Cetera Advisor Networks LLC purchased a new position in Interpublic Group of Companies in the first quarter worth about $243,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Interpublic Group of Companies in the first quarter worth about $133,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Interpublic Group of Companies by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,667 shares of the business services provider’s stock worth $1,867,000 after purchasing an additional 3,244 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its position in Interpublic Group of Companies by 1.0% in the first quarter. Yousif Capital Management LLC now owns 63,184 shares of the business services provider’s stock worth $2,240,000 after purchasing an additional 595 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Interpublic Group of Companies Stock Down 0.2 %

Shares of IPG opened at $30.35 on Wednesday. The stock has a market capitalization of $11.45 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 2.09 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 business’s 50 day simple moving average is $32.05 and its 200-day simple moving average is $31.28. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.06.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.02. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Interpublic Group of Companies had a return on equity of 30.52% and a net margin of 10.09%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 EPS. As a group, equities analysts expect that The Interpublic Group of Companies, Inc. will post 2.78 earnings per share for the current fiscal year.

Interpublic Group of Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.35%. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, February 29th. Interpublic Group of Companies’s dividend payout ratio is 46.32%.

Insider Activity at Interpublic Group of Companies

In related news, CEO Philippe Krakowsky sold 150,403 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 $4,842,976.60. Following the sale, the chief executive officer now owns 415,776 shares in the company, valued at approximately $13,387,987.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Philippe Krakowsky sold 150,403 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 $4,842,976.60. Following the sale, the chief executive officer now owns 415,776 shares in the company, valued at approximately $13,387,987.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Christopher F. Carroll sold 18,382 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 value of $591,900.40. Following the completion of the transaction, the chief accounting officer now directly owns 42,390 shares in the company, valued at approximately $1,364,958. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,646 shares of company stock worth $8,038,601. Company insiders own 0.33% of the company’s stock.

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.