RWC Asset Management LLP Decreases Position in Interpublic Group of Companies Inc (IPG)

RWC Asset Management LLP decreased its position in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 14.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,227,517 shares of the business services provider’s stock after selling 199,516 shares during the period. Interpublic Group of Companies accounts for about 1.2% of RWC Asset Management LLP’s holdings, making the stock its 28th largest position. RWC Asset Management LLP’s holdings in Interpublic Group of Companies were worth $25,324,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IPG. Lunia Capital LP lifted its stake in Interpublic Group of Companies by 1,691.7% during the 4th quarter. Lunia Capital LP now owns 11,089,594 shares of the business services provider’s stock worth $11,090,000 after acquiring an additional 10,470,666 shares in the last quarter. Capital World Investors lifted its stake in Interpublic Group of Companies by 171.4% during the 3rd quarter. Capital World Investors now owns 15,671,000 shares of the business services provider’s stock worth $358,396,000 after acquiring an additional 9,896,000 shares in the last quarter. FMR LLC lifted its stake in Interpublic Group of Companies by 9.4% during the 3rd quarter. FMR LLC now owns 35,562,622 shares of the business services provider’s stock worth $813,317,000 after acquiring an additional 3,058,519 shares in the last quarter. Alps Advisors Inc. acquired a new position in Interpublic Group of Companies during the 4th quarter worth about $36,412,000. Finally, Northern Trust Corp lifted its stake in Interpublic Group of Companies by 37.2% during the 4th quarter. Northern Trust Corp now owns 6,407,950 shares of the business services provider’s stock worth $132,196,000 after acquiring an additional 1,737,926 shares in the last quarter. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

IPG stock opened at $22.28 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 4.43 and a beta of 1.07. Interpublic Group of Companies Inc has a 1 year low of $19.61 and a 1 year high of $25.77.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Wednesday, February 13th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.34 billion. Interpublic Group of Companies had a return on equity of 32.07% and a net margin of 6.37%. Interpublic Group of Companies’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 EPS. Equities analysts forecast that Interpublic Group of Companies Inc will post 1.87 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 4.22%. 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. Interpublic Group of Companies’s dividend payout ratio (DPR) is 50.54%.

In other news, SVP Andrew Bonzani sold 28,181 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $22.95, for a total transaction of $646,753.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jocelyn Carter-Miller sold 5,800 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was 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. Insiders have sold a total of 346,386 shares of company stock worth $7,946,717 in the last three months. Corporate insiders own 1.32% of the company’s stock.

Several equities analysts recently issued reports on IPG shares. Zacks Investment Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Monday, November 26th. Pivotal Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and increased their target price for the stock from $22.00 to $25.00 in a research note on Monday, January 7th. Finally, Royal Bank of Canada lowered Interpublic Group of Companies from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $28.00 to $24.00 in a research note on Thursday, January 17th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.44.

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Interpublic Group of Companies Company Profile

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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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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