The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Addison Advisors LLC

Addison Advisors LLC decreased its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,757 shares of the business services provider’s stock after selling 914 shares during the period. Addison Advisors LLC’s holdings in Interpublic Group of Companies were worth $105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IPG. Catalyst Capital Advisors LLC acquired a new position in Interpublic Group of Companies during the 3rd quarter worth approximately $26,000. Allworth Financial LP increased its position in Interpublic Group of Companies by 75.8% during the 4th quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock worth $31,000 after purchasing an additional 480 shares during the period. Ashton Thomas Securities LLC acquired a new position in Interpublic Group of Companies during the 3rd quarter worth approximately $32,000. Brooklyn Investment Group acquired a new stake in shares of Interpublic Group of Companies in the 3rd quarter worth approximately $60,000. Finally, Transamerica Financial Advisors Inc. grew its holdings in shares of Interpublic Group of Companies by 243,700.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 2,438 shares of the business services provider’s stock worth $78,000 after acquiring an additional 2,437 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IPG. BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Friday, January 10th. Argus lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $32.00 to $39.00 in a research note on Monday, January 27th. Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $32.00 to $36.00 in a research note on Friday, January 24th. Finally, StockNews.com initiated coverage on Interpublic Group of Companies in a research note on Friday, February 21st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $33.50.

Interpublic Group of Companies Trading Up 0.7 %

IPG stock opened at $27.78 on Wednesday. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 15.18 and a beta of 1.11. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $27.95 and a 200-day simple moving average of $29.68. The Interpublic Group of Companies, Inc. has a 52 week low of $26.30 and a 52 week high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.04). Interpublic Group of Companies had a return on equity of 27.10% and a net margin of 6.45%. On average, equities research analysts expect that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.75%. Interpublic Group of Companies’s payout ratio is 72.13%.

Interpublic Group of Companies announced that its board has approved a share repurchase program on Wednesday, February 12th that permits the company to buyback $155.00 million in shares. This buyback authorization permits the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.