GSA Capital Partners LLP lowered its position in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 65.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,131 shares of the business services provider’s stock after selling 38,097 shares during the quarter. GSA Capital Partners LLP’s holdings in Interpublic Group of Companies were worth $415,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Prime Capital Investment Advisors LLC purchased a new position in Interpublic Group of Companies in the fourth quarter worth approximately $29,000. CWM LLC grew its position in Interpublic Group of Companies by 85.2% in the fourth quarter. CWM LLC now owns 1,880 shares of the business services provider’s stock worth $39,000 after acquiring an additional 865 shares during the period. Bremer Trust National Association purchased a new position in Interpublic Group of Companies in the fourth quarter worth approximately $40,000. Westside Investment Management Inc. purchased a new position in Interpublic Group of Companies in the fourth quarter worth approximately $41,000. Finally, Trust Co. of Vermont grew its position in Interpublic Group of Companies by 33.8% in the fourth quarter. Trust Co. of Vermont now owns 3,829 shares of the business services provider’s stock worth $79,000 after acquiring an additional 968 shares during the period. 99.62% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Philippe Krakowsky sold 45,867 shares of Interpublic Group of Companies stock in a transaction on Friday, March 1st. The stock was sold at an average price of $22.95, for a total value of $1,052,647.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jocelyn Carter-Miller sold 5,800 shares of Interpublic Group of Companies stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $22.46, for a total value of $130,268.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 346,386 shares of company stock valued at $7,946,717. 1.32% of the stock is currently owned by company insiders.
IPG opened at $22.34 on Friday. Interpublic Group of Companies Inc has a 52 week low of $19.61 and a 52 week high of $25.77. The firm has a market cap of $8.60 billion, a PE ratio of 12.01, a PEG ratio of 4.51 and a beta of 1.07. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.50.
Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Wednesday, February 13th. The business services provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. Interpublic Group of Companies had a return on equity of 32.07% and a net margin of 6.37%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the business posted $0.79 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Equities research analysts predict that Interpublic Group of Companies Inc will post 1.86 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.235 dividend. The ex-dividend date was Thursday, February 28th. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.21. This represents a $0.94 dividend on an annualized basis and a yield of 4.21%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 50.54%.
IPG has been the subject of several analyst reports. Zacks Investment Research upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Monday, November 19th. Pivotal Research upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and raised their price target for the stock from $22.00 to $25.00 in a research report on Monday, January 7th. Finally, Royal Bank of Canada lowered Interpublic Group of Companies from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $28.00 to $24.00 in a research report on Thursday, January 17th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.44.
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About Interpublic Group of Companies
The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.
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