Lunia Capital LP Has $11.09 Million Holdings in Interpublic Group of Companies Inc (IPG)

Lunia Capital LP lessened its holdings in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 537,547 shares of the business services provider’s stock after selling 81,381 shares during the quarter. Interpublic Group of Companies makes up about 2.4% of Lunia Capital LP’s investment portfolio, making the stock its 22nd biggest position. Lunia Capital LP’s holdings in Interpublic Group of Companies were worth $11,090,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. CIBC Private Wealth Group LLC lifted its stake in shares of Interpublic Group of Companies by 0.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 106,270 shares of the business services provider’s stock worth $2,191,000 after purchasing an additional 525 shares during the period. Ropes Wealth Advisors LLC lifted its stake in shares of Interpublic Group of Companies by 1.4% during the 4th quarter. Ropes Wealth Advisors LLC now owns 42,644 shares of the business services provider’s stock worth $880,000 after purchasing an additional 600 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Interpublic Group of Companies by 2.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 29,319 shares of the business services provider’s stock worth $605,000 after purchasing an additional 648 shares during the period. CWM LLC lifted its stake in shares of Interpublic Group of Companies by 85.2% during the 4th quarter. CWM LLC now owns 1,880 shares of the business services provider’s stock worth $39,000 after purchasing an additional 865 shares during the period. Finally, Contravisory Investment Management Inc. lifted its stake in shares of Interpublic Group of Companies by 6.6% during the 4th quarter. Contravisory Investment Management Inc. now owns 14,688 shares of the business services provider’s stock worth $303,000 after purchasing an additional 912 shares during the period. 99.62% of the stock is currently owned by institutional investors.

Shares of IPG traded down $0.28 during trading hours on Monday, hitting $20.85. The stock had a trading volume of 77,800 shares, compared to its average volume of 5,084,957. 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 firm has a market capitalization of $8.13 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 4.22 and a beta of 1.07. Interpublic Group of Companies Inc has a 12-month low of $19.61 and a 12-month high of $25.77.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Wednesday, February 13th. The business services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. The business 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%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted $0.79 EPS. Sell-side analysts predict that Interpublic Group of Companies Inc will post 1.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.235 dividend. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.21. This represents a $0.94 annualized dividend and a dividend yield of 4.51%. The ex-dividend date was Thursday, February 28th. Interpublic Group of Companies’s dividend payout ratio (DPR) is 50.54%.

In related news, CAO Christopher F. Carroll sold 18,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $22.95, for a total value of $413,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed 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 shares were 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 sold a total of 346,386 shares of company stock worth $7,946,717 over the last ninety days. Corporate insiders own 1.32% of the company’s stock.

A number of research analysts have weighed in on the company. Zacks Investment Research raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Pivotal Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and increased their price target 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 reduced their price target for the stock from $28.00 to $24.00 in a research note on Thursday, January 17th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Interpublic Group of Companies currently has an average rating of “Hold” and a consensus price target of $25.44.

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About Interpublic Group of Companies

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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