Two Sigma Advisers LP raised its holdings in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 43.5% in the fourth quarter, HoldingsChannel reports. The firm owned 3,641,197 shares of the business services provider’s stock after buying an additional 1,103,841 shares during the period. Two Sigma Advisers LP’s holdings in Interpublic Group of Companies were worth $73,407,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IPG. Itau Unibanco Holding S.A. bought a new stake in Interpublic Group of Companies during the 4th quarter valued at $113,000. NuWave Investment Management LLC bought a new stake in Interpublic Group of Companies during the 4th quarter valued at $129,000. MML Investors Services LLC purchased a new position in Interpublic Group of Companies during the 4th quarter worth $201,000. Virtu Financial LLC purchased a new position in Interpublic Group of Companies during the 4th quarter worth $208,000. Finally, Bank of Stockton purchased a new position in Interpublic Group of Companies during the 4th quarter worth $219,000. Institutional investors and hedge funds own 99.49% of the company’s stock.

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Interpublic Group of Companies Inc (NYSE IPG) opened at $23.44 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.58. The firm has a market cap of $9,123.46, a PE ratio of 15.95, a P/E/G ratio of 2.09 and a beta of 1.31. Interpublic Group of Companies Inc has a fifty-two week low of $18.30 and a fifty-two week high of $26.01.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a net margin of 7.35% and a return on equity of 27.07%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. analysts predict that Interpublic Group of Companies Inc will post 1.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.21 dividend. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Wednesday, February 28th. Interpublic Group of Companies’s payout ratio is 57.14%.

Interpublic Group of Companies declared that its Board of Directors has authorized a share buyback program on Wednesday, February 14th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

A number of research firms have issued reports on IPG. Atlantic Securities raised shares of Interpublic Group of Companies from an “underweight” rating to a “neutral” rating in a report on Friday, March 2nd. Pivotal Research reaffirmed a “hold” rating and set a $26.00 price objective on shares of Interpublic Group of Companies in a report on Monday, February 19th. Macquarie raised shares of Interpublic Group of Companies from an “underperform” rating to a “neutral” rating and set a $24.00 price objective on the stock in a report on Friday, February 16th. Royal Bank of Canada reaffirmed a “hold” rating and set a $26.00 price objective on shares of Interpublic Group of Companies in a report on Thursday, February 15th. Finally, Jefferies Group reaffirmed a “neutral” rating on shares of Interpublic Group of Companies in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.92.

In related news, CAO Christopher F. Carroll sold 21,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $23.62, for a total value of $496,020.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Isor Roth sold 188,732 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $23.59, for a total transaction of $4,452,187.88. The disclosure for this sale can be found here. Insiders sold a total of 448,258 shares of company stock worth $10,563,009 over the last three months. 1.49% of the stock is owned by insiders.

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Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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

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