RWC Asset Management LLP Trims Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

RWC Asset Management LLP lowered its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 61.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,312 shares of the business services provider’s stock after selling 19,841 shares during the quarter. RWC Asset Management LLP’s holdings in Interpublic Group of Companies were worth $402,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in Interpublic Group of Companies in the 4th quarter valued at approximately $29,000. Tobam raised its holdings in Interpublic Group of Companies by 2,340.0% in the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 1,053 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Interpublic Group of Companies in the 3rd quarter valued at $33,000. MCF Advisors LLC acquired a new position in Interpublic Group of Companies in the 4th quarter valued at $43,000. Finally, First Command Advisory Services Inc. acquired a new position in Interpublic Group of Companies in the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insider Activity at Interpublic Group of Companies

In related news, EVP Andrew Bonzani sold 40,468 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 value of $1,303,069.60. Following the completion of the sale, the executive vice president now directly owns 70,431 shares in the company, valued at approximately $2,267,878.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related 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 value of $1,300,654.60. Following the completion of the sale, the chief financial officer now directly owns 88,350 shares in the company, valued at approximately $2,844,870. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew Bonzani sold 40,468 shares of the 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 completion of the sale, the executive vice president now owns 70,431 shares of the company’s stock, valued at $2,267,878.20. The disclosure for this sale can be found here. In the last three months, insiders sold 249,646 shares of company stock worth $8,038,601. Corporate insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

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

Interpublic Group of Companies Trading Up 1.0 %

Shares of IPG stock traded up $0.31 on Friday, reaching $31.47. 3,576,757 shares of the stock were exchanged, compared to its average volume of 3,327,666. The stock has a market cap of $11.88 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 2.28 and a beta of 1.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75. The firm has a 50 day moving average of $31.89 and a two-hundred day moving average of $31.37. The Interpublic Group of Companies, Inc. has a 1-year low of $27.20 and a 1-year high of $40.95.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.18 billion. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. On average, research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.77 EPS for the current year.

Interpublic Group of Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.19%. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, February 29th. Interpublic Group of Companies’s dividend payout ratio is presently 46.98%.

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.