Duality Advisers LP Lowers Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Duality Advisers LP reduced its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 80.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,969 shares of the business services provider’s stock after selling 82,005 shares during the period. Duality Advisers LP’s holdings in Interpublic Group of Companies were worth $652,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marino Stram & Associates LLC grew its stake in Interpublic Group of Companies by 1.2% in the 4th quarter. Marino Stram & Associates LLC now owns 26,654 shares of the business services provider’s stock worth $870,000 after acquiring an additional 315 shares during the period. Bleakley Financial Group LLC raised its position in shares of Interpublic Group of Companies by 4.6% in the 4th quarter. Bleakley Financial Group LLC now owns 7,364 shares of the business services provider’s stock worth $240,000 after buying an additional 327 shares during the period. Simplicity Solutions LLC boosted its holdings in Interpublic Group of Companies by 4.6% in the fourth quarter. Simplicity Solutions LLC now owns 7,364 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 327 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Interpublic Group of Companies by 16.3% in the fourth quarter. Lindbrook Capital LLC now owns 2,748 shares of the business services provider’s stock valued at $90,000 after acquiring an additional 385 shares during the last quarter. Finally, Keybank National Association OH grew its position in Interpublic Group of Companies by 3.3% during the third quarter. Keybank National Association OH now owns 12,000 shares of the business services provider’s stock valued at $344,000 after acquiring an additional 387 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective 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. UBS Group initiated coverage on shares of Interpublic Group of Companies in a research note on Thursday, January 11th. They issued a “neutral” rating and a $36.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Interpublic Group of Companies from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. Finally, 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 on the stock in a research note on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Interpublic Group of Companies currently has a consensus rating of “Hold” and an average price target of $35.25.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock opened at $31.40 on Thursday. The Interpublic Group of Companies, Inc. has a 12-month low of $27.20 and a 12-month high of $40.95. The company has a market capitalization of $11.85 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 2.13 and a beta of 1.13. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s fifty day moving average price is $31.94 and its 200 day moving average price is $31.35.

Interpublic Group of Companies (NYSE:IPG) last released 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 10.09% and a return on equity of 30.52%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. On average, research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.77 EPS for the current fiscal year.

Interpublic Group of Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.33 per share. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.32 annualized dividend and a yield of 4.20%. Interpublic Group of Companies’s payout ratio is 46.32%.

Insiders Place Their Bets

In other Interpublic Group of Companies news, CAO Christopher F. Carroll sold 18,382 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Interpublic Group of Companies news, CEO Philippe Krakowsky sold 150,403 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total transaction of $4,842,976.60. Following the completion of the transaction, the chief executive officer now directly owns 415,776 shares of the company’s stock, valued at approximately $13,387,987.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Christopher F. Carroll sold 18,382 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total transaction of $591,900.40. Following the transaction, the chief accounting officer now directly owns 42,390 shares of the company’s stock, valued at $1,364,958. The disclosure for this sale can be found here. Insiders sold a total of 249,646 shares of company stock valued at $8,038,601 in the last ninety days. Corporate insiders own 0.42% of the company’s stock.

About Interpublic Group of Companies

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.