Cwm LLC buys 5,005 shares of The Interpublic Group of Companies, Inc. (NYSE: IPG)


Cwm LLC increased its position in shares of The Interpublic Group of Companies, Inc. (NYSE: IPG – Get Rating) by 60.6% in Q1, according to its latest filing with the Securities and Exchange Commission. The fund held 13,260 shares of the business services provider after buying an additional 5,005 shares during the quarter. Cwm LLC’s holdings in Interpublic Group of Companies were worth $470,000 when it last filed with the Securities and Exchange Commission.

A number of other major investors have also recently changed their stances in the company. BlackRock Inc. increased its stake in Interpublic Group of Companies by 1.1% during the 4th quarter. BlackRock Inc. now owns 40,390,818 shares of the business services provider worth $1,512,636,000 after purchasing an additional 426,489 shares in the last quarter. State Street Corp increased its stake in shares of Interpublic Group of Companies by 4.3% in the fourth quarter. State Street Corp now owns 21,776,352 shares of the business services provider valued at $815,524,000 after acquiring an additional 899,103 shares in the last quarter. Black Creek Investment Management Inc. increased its stake in shares of Interpublic Group of Companies by 7.0% in the 4th quarter. Black Creek Investment Management Inc. now owns 11,803,144 shares of the business services provider valued at $442,028,000 after acquiring an additional 775,502 shares in the last quarter. Geode Capital Management LLC increased its stake in the shares of Interpublic Group of Companies by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 8,198,539 shares of the business services provider valued at $306,584,000 after acquiring an additional 176,769 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in the shares of Interpublic Group of Companies by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,854,570 shares of the business services provider valued at $256,704,000 after acquiring an additional 188,542 shares in the last quarter. 99.68% of the shares are held by hedge funds and other institutional investors.

In other news, 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 completion of the sale, the director now owns 32,880 shares of the company, valued at approximately $1,066,956. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Additionally, director Jocelyn Carter-Miller bought 6,764 shares of the company in a trade on Friday, April 29. The shares were acquired at an average cost of $33.26 per share, with a total value of $224,970.64. Following the acquisition, the administrator now directly owns 44,714 shares of the company, valued at $1,487,187.64. Disclosure of this purchase can be found here. Company insiders own 0.33% of the company’s shares.

A number of analysts have recently commented on 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. Wells Fargo & Company raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and lowered its price target for the company from $40.00 to $33.00 in a rating of search Friday. StockNews.com picked up coverage from Interpublic Group of Companies in a Thursday, March 31 research note. They set a “holding” rating for the company. Morgan Stanley lowered its target price 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. Finally, Citigroup lowered its target price on Interpublic Group of Companies from $43.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday. One analyst has assigned the stock a sell rating, five have assigned a hold rating and five have assigned the stock a buy rating. According to MarketBeat, Interpublic Group of Companies currently has a consensus rating of “Hold” and an average target price of $37.50.

NYSE IPG opened at $28.18 on Friday. The company has a market capitalization of $11.09 billion, a PE ratio of 11.01, a PEG ratio of 7.73 and a beta of 1.03. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt ratio of 0.82. The Interpublic Group of Companies, Inc. has a 12-month low of $26.36 and a 12-month high of $39.98. The stock has a 50-day moving average of $30.02 and a 200-day moving average of $33.83.

Interpublic Group of Companies (NYSE:IPG – Get Rating) last released quarterly earnings data on Thursday, April 28. The business services provider reported EPS of $0.47 for the quarter, beating the consensus estimate of $0.40 by $0.07. The company posted revenue of $2.23 billion in the quarter, versus a consensus estimate 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 for the quarter increased by 9.8% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.45. As a group, sell-side analysts expect The Interpublic Group of Companies, Inc. to post 2.7 EPS for the current fiscal 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 an annualized dividend of $1.16 and a dividend yield of 4.12%. The ex-dividend date was Friday, June 3. The Interpublic Group of Companies payout ratio is currently 45.31%.

Company Profile Interpublic Group of Companies (Get an assessment)

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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Institutional ownership by quarter for Interpublic Group of Companies (NYSE:IPG)



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