Western Wealth Management LLC Acquires 589 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Western Wealth Management LLC increased its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,110 shares of the business services provider’s stock after purchasing an additional 589 shares during the period. Western Wealth Management LLC’s holdings in Interpublic Group of Companies were worth $1,146,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Interpublic Group of Companies by 2.3% during the 1st 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 in the last quarter. State Street Corp lifted its stake in Interpublic Group of Companies by 1.1% in the 3rd quarter. State Street Corp now owns 21,132,312 shares of the business services provider’s stock valued at $540,987,000 after acquiring an additional 226,086 shares in the last quarter. Black Creek Investment Management Inc. lifted its stake in Interpublic Group of Companies by 14.1% in the 3rd 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 acquiring an additional 1,204,630 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $266,286,000 after acquiring an additional 167,810 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 valued at $314,227,000 after acquiring an additional 133,527 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 1.1 %

Shares of Interpublic Group of Companies stock opened at $30.72 on Friday. The Interpublic Group of Companies, Inc. has a 12-month low of $27.20 and a 12-month high of $40.95. The stock has a market cap of $11.59 billion, a P/E ratio of 10.78, a P/E/G ratio of 2.08 and a beta of 1.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $31.98 and its 200-day moving average is $31.28.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Thursday, February 8th. The business services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. Interpublic Group of Companies had a return on equity of 30.52% and a net margin of 10.09%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 EPS. Equities research analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.30%. Interpublic Group of Companies’s payout ratio is presently 46.32%.

Insider Buying and Selling

In related news, CFO Ellen Tobi Johnson sold 40,393 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 directly owns 88,350 shares of the company’s stock, valued at approximately $2,844,870. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Ellen Tobi Johnson sold 40,393 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 directly owns 88,350 shares of the company’s stock, valued at approximately $2,844,870. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Philippe Krakowsky sold 150,403 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 $4,842,976.60. Following the completion of the transaction, the chief executive officer now directly owns 415,776 shares in the company, valued at $13,387,987.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 249,646 shares of company stock valued at $8,038,601. 0.35% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on IPG. JPMorgan Chase & Co. cut their target price on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. UBS Group began coverage on Interpublic Group of Companies in a research note on Thursday, January 11th. They issued a “neutral” rating and a $36.00 target price on the stock. Wells Fargo & Company boosted their target price on 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, Barclays boosted their target price on 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.25.

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.