Gibraltar Capital Management Inc. Acquires Shares of 23,509 The Interpublic Group of Companies, Inc. (NYSE:IPG)

Gibraltar Capital Management Inc. bought a new position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 23,509 shares of the business services provider’s stock, valued at approximately $767,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Marino Stram & Associates LLC lifted its stake in shares of Interpublic Group of Companies by 1.2% in the fourth quarter. Marino Stram & Associates LLC now owns 26,654 shares of the business services provider’s stock valued at $870,000 after buying an additional 315 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Interpublic Group of Companies by 4.6% during the fourth quarter. Bleakley Financial Group LLC now owns 7,364 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 327 shares during the last quarter. Simplicity Solutions LLC boosted its position in Interpublic Group of Companies by 4.6% during the fourth quarter. Simplicity Solutions LLC now owns 7,364 shares of the business services provider’s stock worth $240,000 after purchasing an additional 327 shares during the period. Lindbrook Capital LLC boosted its position in Interpublic Group of Companies by 16.3% during the fourth quarter. Lindbrook Capital LLC now owns 2,748 shares of the business services provider’s stock worth $90,000 after purchasing an additional 385 shares during the period. Finally, Keybank National Association OH increased its stake in shares of Interpublic Group of Companies by 3.3% in the third quarter. Keybank National Association OH now owns 12,000 shares of the business services provider’s stock worth $344,000 after purchasing an additional 387 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on IPG shares. JPMorgan Chase & Co. cut their price objective on shares of 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 decreased their price objective on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. UBS Group initiated coverage on Interpublic Group of Companies in a research note on Thursday, January 11th. They issued a “neutral” rating and a $36.00 target price for the company. Finally, Barclays increased their price target on shares of Interpublic Group of Companies from $35.00 to $36.00 and gave the stock 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.13.

Insider Buying and Selling

In other Interpublic Group of Companies news, EVP Andrew Bonzani sold 40,468 shares of Interpublic Group of Companies stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 70,431 shares of the company’s stock, valued at approximately $2,267,878.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Andrew Bonzani sold 40,468 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 70,431 shares of the company’s stock, valued at $2,267,878.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ellen Tobi Johnson sold 40,393 shares of the company’s 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 completion of the transaction, the chief financial officer now directly owns 88,350 shares of the company’s stock, valued at approximately $2,844,870. The disclosure for this sale can be found here. Insiders sold 249,646 shares of company stock worth $8,038,601 in the last quarter. 0.42% of the stock is owned by insiders.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG traded down $0.99 during midday trading on Tuesday, hitting $30.44. 3,673,991 shares of the company’s stock were exchanged, compared to its average volume of 4,072,056. 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 12-month low of $27.20 and a 12-month high of $40.95. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 2.29 and a beta of 1.13. The business’s fifty day moving average price is $31.83 and its two-hundred day moving average price is $31.42.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the business earned $0.38 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.78 EPS for the current fiscal year.

Interpublic Group of Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors 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 4.34%. This is a boost 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 (DPR) is currently 46.98%.

Interpublic Group of Companies Company 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.