The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC trimmed its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,097 shares of the business services provider’s stock after selling 2,363 shares during the period. Venturi Wealth Management LLC’s holdings in Interpublic Group of Companies were worth $871,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its position in Interpublic Group of Companies by 1.7% in the 4th quarter. CIBC Asset Management Inc now owns 65,251 shares of the business services provider’s stock valued at $1,828,000 after purchasing an additional 1,060 shares during the last quarter. Philip James Wealth Mangement LLC grew its stake in shares of Interpublic Group of Companies by 27.2% in the 4th quarter. Philip James Wealth Mangement LLC now owns 25,490 shares of the business services provider’s stock worth $714,000 after purchasing an additional 5,450 shares during the last quarter. Allworth Financial LP grew its stake in shares of Interpublic Group of Companies by 75.8% in the 4th quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock worth $31,000 after purchasing an additional 480 shares during the last quarter. Principal Securities Inc. increased its position in shares of Interpublic Group of Companies by 37.8% in the fourth quarter. Principal Securities Inc. now owns 8,034 shares of the business services provider’s stock worth $225,000 after acquiring an additional 2,203 shares in the last quarter. Finally, PUREfi Wealth LLC purchased a new position in shares of Interpublic Group of Companies in the fourth quarter worth approximately $256,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on IPG shares. StockNews.com started coverage on shares of Interpublic Group of Companies in a report on Thursday, February 13th. They set a “hold” rating for the company. UBS Group upgraded shares of Interpublic Group of Companies from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $29.00 to $27.00 in a research note on Thursday, February 13th. Barclays raised shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. Macquarie reissued a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Finally, BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $33.50.

Interpublic Group of Companies Trading Up 1.9 %

IPG stock opened at $27.56 on Wednesday. The company has a fifty day moving average price of $28.24 and a two-hundred day moving average price of $29.79. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 13.00 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a one year low of $26.30 and a one year high of $35.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.04). Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. Equities analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Monday, March 3rd. Interpublic Group of Companies’s payout ratio is presently 72.13%.

Interpublic Group of Companies declared that its board has initiated a share repurchase program on Wednesday, February 12th that allows the company to buyback $155.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.