Addison Advisors LLC Has $147,000 Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Addison Advisors LLC boosted its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 364.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,506 shares of the business services provider’s stock after acquiring an additional 3,536 shares during the period. Addison Advisors LLC’s holdings in Interpublic Group of Companies were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Interpublic Group of Companies in the 4th quarter valued at approximately $29,000. Authentikos Wealth Advisory LLC bought a new position in Interpublic Group of Companies in the third quarter valued at approximately $33,000. Tobam boosted its holdings in shares of Interpublic Group of Companies by 2,340.0% in the fourth quarter. Tobam now owns 1,098 shares of the business services provider’s stock valued at $36,000 after buying an additional 1,053 shares during the period. First Command Advisory Services Inc. acquired a new stake in shares of Interpublic Group of Companies during the third quarter worth $43,000. Finally, MCF Advisors LLC bought a new stake in Interpublic Group of Companies in the 4th quarter valued at $43,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Interpublic Group of Companies

In other Interpublic Group of Companies news, EVP Andrew Bonzani sold 40,468 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $1,303,069.60. Following the transaction, the executive vice president now directly owns 70,431 shares in the company, valued at $2,267,878.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Interpublic Group of Companies news, CFO Ellen Tobi Johnson sold 40,393 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total transaction of $1,300,654.60. Following the transaction, the chief financial officer now owns 88,350 shares in the company, valued at approximately $2,844,870. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew Bonzani sold 40,468 shares of Interpublic Group of Companies stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total transaction of $1,303,069.60. Following the completion of the sale, the executive vice president now owns 70,431 shares of the company’s stock, valued at approximately $2,267,878.20. The disclosure for this sale can be found here. Insiders sold 249,646 shares of company stock valued at $8,038,601 in the last quarter. 0.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

IPG has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday. UBS Group initiated coverage on Interpublic Group of Companies in a research report on Thursday, January 11th. They issued a “neutral” rating and a $36.00 target price on the stock. Barclays boosted their target price on Interpublic Group of Companies from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $35.13.

Interpublic Group of Companies Stock Up 1.0 %

Shares of Interpublic Group of Companies stock traded up $0.31 on Friday, reaching $31.47. 3,576,757 shares of the company were exchanged, compared to its average volume of 3,327,666. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 2.28 and a beta of 1.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The Interpublic Group of Companies, Inc. has a one year low of $27.20 and a one year high of $40.95. The company has a 50-day moving average of $31.89 and a 200 day moving average of $31.37.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 earnings per share. On average, equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.77 earnings per share for the current year.

Interpublic Group of Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Thursday, February 29th. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.31. Interpublic Group of Companies’s dividend payout ratio is 46.98%.

About Interpublic Group of Companies

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.