Nisa Investment Advisors LLC increased its position in The Interpublic Group of Companies, Inc. (NYSE: IPG – Get Rating) by 90.6% in the fourth quarter, according to its latest disclosure to the Securities and Exchange Commission (SEC). rice field. The company owned 131,234 shares in the business service provider after purchasing an additional 62,388 shares in him during the quarter. Nisa Investment Advisors LLC’s holdings in the Interpublic Group of Companies were valued at $4,371,000 as of the most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently changed positions in IPG. Cambridge Investment Research Advisors, Inc. increased its stake in the Interpublic Group of Companies equity by 14.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,035 shares in the business services provider worth $817,000 after purchasing an additional 2,915 shares in him during this period. Cetera Advisor Networks LLC acquired a new position worth approximately $243,000 in shares of the Interpublic Group of Companies during the first quarter. The Healthcare of Ontario Pension Plan Trust Fund acquired a new position worth approximately $133,000 in shares of the Interpublic Group of Companies in the first quarter. Pennsylvania public school official Retrmt SYS increased his stake in the Interpublic Group of Companies stock by 6.6% in the first quarter. Pennsylvania Public Schools employee Retrmt SYS now owns 52,667 shares of the business service provider worth $1,867,000 after purchasing an additional 3,244 of his shares during this period. Finally, Yousif Capital Management LLC increased his stake in the shares of the Interpublic Group of Companies by 1.0% in the first quarter. After purchasing an additional 595 shares during this period, Yousif Capital Management LLC now owns 63,184 shares of the business service provider worth $2,240,000. Institutional investors and hedge funds own 96.75% of the company’s shares.
Insider activity
In related news, EVP Andrew Bonzani sold 38,885 shares in the Interpublic Group of Companies in a trade on Wednesday, March 1st. The shares sold for an average of $35.61, giving him a total of $1,384,694.85. Following the closing of the sale, the Executive Vice President now owns 111,769 shares of the Company’s stock valued at approximately $3,980,094.09. The transaction was disclosed in legal documents to the SEC that can be accessed through the SEC’s website. In related news, EVP Andrew Bonzani sold 38,885 shares of his Interpublic Group of Companies in a deal on Wednesday, March 1. The shares sold for an average of $35.61, giving him a total of $1,384,694.85. Following the closing of the sale, the Executive Vice President now owns 111,769 shares of the Company’s stock valued at approximately $3,980,094.09. The transaction was disclosed in legal documents to the SEC that can be accessed through the SEC’s website. Director Dawn E. Hudson also sold 5,950 shares of her Interpublic Group of Companies in a deal on Wednesday, March 15. The shares sold at an average price of $33.15 for a total transaction value of $197,242.50. Following the closing of the sale, the directors now directly own 26,930 shares of the Company’s stock valued at approximately $892,729.50. Please see here for the disclosure of this sale. The insider sold 91,779 shares of her company stock worth $3,250,936 last quarter. 0.33% of the shares are owned by corporate insiders.
Interpublic Group of Companies Stock Performance
NYSE:IPG opened Monday at $37.50. The company has a 50-day moving average of $36.15 and a 200-day moving average of $34.07. The company has a market capitalization of $14.49 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.80 and a beta of 1.12. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt to equity ratio of 0.77. The Interpublic Group of Companies, Inc. has a 12-month low of $25.14 and a 12-month high of $39.52.
The Interpublic Group of Companies (NYSE:IPG – Get Rating) last released quarterly earnings data on Thursday, February 9. The business services provider posted earnings per share of $1.02 for the quarter, beating consensus expectations of $1.01 by $0.01. The company’s revenue for the quarter was $2.55 billion, compared with analyst estimates of $2.55 billion. The Interpublic Group of Companies had a net profit margin of 8.58% and a return on equity of 30.58%. Interpublic Group of Companies’ revenues for the quarter increased 0.1% compared to the same period last year. In the same quarter last year, the business posted EPS of his $0.82. As a group, sell-side analysts expect the Interpublic Group of Companies, Inc. to post 2.85 EPS this year.
Interpublic Group of Companies Increases Dividend
The business recently disclosed a quarterly dividend paid on Wednesday, March 15th. Dividends of $0.31 were paid to shareholders of record on Wednesday, March 1. The ex-dividend date for this dividend was Tuesday, February 28. This represents his $1.24 dividend and his 3.31% dividend yield on an annualized basis. This is a positive change from the Interpublic Group of Companies’ previous quarterly dividend of $0.29. The Interpublic Group of Companies currently has a payout percentage of 52.10%.
Analyst Rating Change
Several research analysts recently published reports on IPG’s stock. Citigroup has raised its Interpublic Group of Companies price target to $45.00 from his $39.00, giving the company a “buy” rating in its research notes on Tuesday, Feb. 14. JPMorgan Chase & Co. Raises Its Price Target On Interpublic Group Of Companies’ Stock From $38.00 To $39.00, Giving The Company An “Overweight” Rating In A Research Report On Monday, Jan. 23. I was. In a research report on Thursday, March 30, Bank of America upgraded Interpublic Group of Companies’ stock from Neutral to Buy and raised its price target from $38.00 to $40.00. Moffett Nathanson downgraded Interpublic Group of Companies’ stock from an ‘outperform’ rating to a ‘market perform’ rating in a research report on Friday, Feb. 10, and raised the company’s price target from $36.00 to $37.00. raised to dollars. Finally, Wells Fargo & Company raised its price target on shares of the Interpublic Group of Companies from $36.00 to $43.00, giving the company an “overweight” rating in its research report on Thursday, February 9. Seven analysts rated the stock with a hold rating and six assigned a buy rating to the company. According to MarketBeat data, the Interpublic Group of Companies currently has an average rating of “pending” and an average price target of $39.63.
Interpublic Group of Companies Company Profile
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Interpublic Group of Cos., Inc is engaged in providing marketing, communications and business transformation services. It operates through the Media, Data, and Engagement Solutions, Integrated Advertising and Creativity-Driven Solutions, and Professional Communication and Experiential Solutions segments.
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