CAPROCK Group Inc. reduced its position in The Interpublic Group of Companies, Inc. (NYSE: IPG – Get Rating) by 3.2% in Q1, according to its latest 13F filing with the Securities and Exchange Commission. The company held 12,430 shares of the business services provider after selling 405 shares during the quarter. CAPROCK Group Inc.’s holdings in Interpublic Group of Companies were worth $441,000 at the end of the most recent reporting period.
Other hedge funds have also recently changed their holdings in the company. Disciplined Investments LLC purchased a new stake in Interpublic Group of Companies stock in Q4 for $25,000. Core Alternative Capital bought a new stake in the shares of Interpublic Group of Companies during the 4th quarter for a value of $25,000. Rosenberg Matthew Hamilton increased his stake in shares of Interpublic Group of Companies by 159.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,299 shares of the business services provider worth $49,000 after buying an additional 799 shares in the last quarter. Spire Wealth Management purchased a new stake in the shares of Interpublic Group of Companies during Q4 for a value of $54,000. Finally, Rockefeller Capital Management LP increased its stake in the shares of Interpublic Group of Companies by 42.6% during the 4th quarter. Rockefeller Capital Management LP now owns 1,801 shares of the business services provider worth $65,000 after buying 538 additional shares in the last quarter. Institutional investors and hedge funds own 99.68% of the company’s shares.
IPG has been the subject of several analyst reports. StockNews.com launched coverage on Interpublic Group of Companies in a research note on Thursday, March 31. They set a “holding” rating for the company. Argus upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a price target of $41.00 for the company in a Monday, March 21 research note. Macquarie downgraded Interpublic Group of Companies from an “outperforming” rating to a “neutral” rating in a research note on Thursday. Barclays downgraded Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and lowered its price target for the company from $47.00 to $42.00 in a Monday 14 research note. march. Finally, Morgan Stanley cut its price target on Interpublic Group of Companies from $40.00 to $35.00 and set an “equal weight” rating for the company in a Friday, June 10 research note. One research analyst rated the stock with a sell rating, six gave the stock a hold rating, and three gave the stock a buy rating. Based on data from MarketBeat.com, Interpublic Group of Companies currently has a consensus rating of “Hold” and an average target price of $39.44.
Shares of IPG opened at $27.98 on Friday. The stock’s 50-day simple moving average is $31.44 and its 200-day simple moving average is $34.45. The company has a debt ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $11.01 billion, a PE ratio of 10.93, a P/E/G ratio of 2.29 and a beta of 0.99. The Interpublic Group of Companies, Inc. has a fifty-two week minimum of $26.43 and a fifty-two week maximum of $39.98.
Interpublic Group of Companies (NYSE:IPG – Get Rating) last reported quarterly earnings data on Thursday, April 28. The business services provider reported earnings per share of $0.47 for the quarter, beating analyst consensus estimates of $0.40 by $0.07. The company posted revenue of $2.23 billion for the quarter, versus analyst estimates of $2.17 billion. Interpublic Group of Companies achieved a return on equity of 31.10% and a net margin of 9.67%. The company’s revenue increased 9.8% year over year. In the same period of the previous year, the company had earned earnings per share of $0.45. Sell-side analysts expect The Interpublic Group of Companies, Inc. to post earnings per share of 2.71 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21. Shareholders of record on Monday, June 6 received a dividend of $0.29. This represents a dividend of $1.16 on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Friday, June 3. The Interpublic Group of Companies’ dividend payout ratio is currently 45.31%.
In other news from Interpublic Group of Companies, Director Mary Guilfoile sold 6,301 shares in a trade that took place on Friday, May 6. The stock was sold at an average price of $32.41, for a total transaction of $204,215.41. Following the transaction, the administrator now owns 102,803 shares of the company, valued at $3,331,845.23. The sale was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. Additionally, director Dawn E. Hudson sold 18,376 shares in a trade that took place on Monday, May 9. The stock was sold at an average price of $32.45, for a total value of $596,301.20. Following the transaction, the administrator now owns 32,880 shares of the company, valued at approximately $1,066,956. The disclosure of this sale can be found here. 0.33% of the shares are held by insiders of the company.
Profile of the Interpublic group of companies (Get an evaluation)
The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The Company offers consumer advertising, digital marketing, communications planning and media buying, public relations and specialty communications, and data science services.
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