Bridgewater Advisors Inc. Has $1.32 Million Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Bridgewater Advisors Inc. trimmed its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 40,349 shares of the business services provider’s stock after selling 471 shares during the period. Bridgewater Advisors Inc.’s holdings in Interpublic Group of Companies were worth $1,317,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IPG. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Interpublic Group of Companies in the fourth quarter worth $29,000. Tobam boosted its holdings in Interpublic Group of Companies by 2,340.0% during the fourth 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 period. Authentikos Wealth Advisory LLC acquired a new stake in shares of Interpublic Group of Companies in the third quarter valued at about $33,000. MCF Advisors LLC bought a new position in shares of Interpublic Group of Companies in the fourth quarter worth about $43,000. Finally, First Command Advisory Services Inc. bought a new position in shares of Interpublic Group of Companies in the third quarter worth about $43,000. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on IPG shares. Barclays raised their target price 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. Wells Fargo & Company dropped their target price on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 25th. JPMorgan Chase & Co. cut their target price 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. Finally, UBS Group started coverage on shares of Interpublic Group of Companies in a research report on Thursday, January 11th. They issued a “neutral” rating and a $36.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Interpublic Group of Companies has a consensus rating of “Hold” and a consensus target price of $35.13.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock traded down $0.99 on Tuesday, hitting $30.44. The company’s stock had a trading volume of 3,673,991 shares, compared to its average volume of 4,072,056. The company has a fifty day moving average price of $31.87 and a 200-day moving average price of $31.41. The firm has a market cap of $11.49 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 2.29 and a beta of 1.13. 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 quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly 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 firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.78 earnings per share for the current year.

Interpublic Group of Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.33 per share. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 4.34%. The ex-dividend date was Thursday, February 29th. Interpublic Group of Companies’s dividend payout ratio is currently 46.98%.

Insider Buying and Selling at Interpublic Group of Companies

In other news, CAO Christopher F. Carroll sold 18,382 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $591,900.40. Following the sale, the chief accounting officer now owns 42,390 shares of the company’s stock, valued at approximately $1,364,958. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Interpublic Group of Companies news, CEO Philippe Krakowsky sold 150,403 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total value of $4,842,976.60. Following the transaction, the chief executive officer now owns 415,776 shares of the company’s stock, valued at $13,387,987.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Christopher F. Carroll sold 18,382 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 $591,900.40. Following the sale, the chief accounting officer now owns 42,390 shares in the company, valued at approximately $1,364,958. The disclosure for this sale can be found here. Over the last three months, insiders sold 249,646 shares of company stock valued at $8,038,601. 0.42% of the stock is currently owned by company insiders.

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.