Inceptionr LLC Purchases New Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Inceptionr LLC acquired a new position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,057 shares of the business services provider’s stock, valued at approximately $655,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IPG. Turtle Creek Wealth Advisors LLC acquired a new stake in Interpublic Group of Companies in the 4th quarter worth about $29,000. Authentikos Wealth Advisory LLC acquired a new position in Interpublic Group of Companies in the 3rd quarter valued at $33,000. Tobam lifted 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 purchasing an additional 1,053 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in shares of Interpublic Group of Companies during the third quarter worth $43,000. Finally, MCF Advisors LLC acquired a new stake in shares of Interpublic Group of Companies in the fourth quarter valued at about $43,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies Trading Up 1.0 %

IPG stock traded up $0.33 during midday trading on Tuesday, hitting $31.73. 2,503,671 shares of the company’s stock were exchanged, compared to its average volume of 3,932,182. The Interpublic Group of Companies, Inc. has a 1-year low of $27.20 and a 1-year high of $40.95. 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 stock has a market capitalization of $11.97 billion, a PE ratio of 11.29, a P/E/G ratio of 2.27 and a beta of 1.13. The business has a 50-day simple moving average of $31.63 and a two-hundred day simple moving average of $31.60.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.18 billion. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. Interpublic Group of Companies’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. On average, sell-side analysts predict that The Interpublic Group of Companies, Inc. will post 2.78 EPS for the current fiscal year.

Insider Transactions at Interpublic Group of Companies

In related news, CAO Christopher F. Carroll sold 18,382 shares of Interpublic Group of Companies stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $591,900.40. Following the completion of the sale, the chief accounting officer now owns 42,390 shares in the company, valued at approximately $1,364,958. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Interpublic Group of Companies news, CAO Christopher F. Carroll sold 18,382 shares of Interpublic Group of Companies stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total value of $591,900.40. Following the completion of the transaction, the chief accounting officer now directly owns 42,390 shares of the company’s stock, valued at approximately $1,364,958. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Ellen Tobi Johnson sold 40,393 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 88,350 shares in the company, valued at $2,844,870. The disclosure for this sale can be found here. In the last three months, insiders have sold 249,646 shares of company stock worth $8,038,601. 0.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on IPG shares. Barclays boosted 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 research report on Monday, January 29th. 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. Finally, Wells Fargo & Company lowered 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $35.13.

View Our Latest Research Report on Interpublic Group of Companies

Interpublic Group of Companies Profile

(Free Report)

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.

See Also

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

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