Addison Advisors LLC Buys 3,536 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Addison Advisors LLC raised its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 364.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,506 shares of the business services provider’s stock after purchasing an additional 3,536 shares during the period. Addison Advisors LLC’s holdings in Interpublic Group of Companies were worth $147,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Interpublic Group of Companies by 85.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 229,511 shares of the business services provider’s stock valued at $7,491,000 after acquiring an additional 105,858 shares during the period. Vest Financial LLC boosted its position in shares of Interpublic Group of Companies by 30.9% in the fourth quarter. Vest Financial LLC now owns 392,769 shares of the business services provider’s stock worth $12,820,000 after purchasing an additional 92,692 shares during the period. abrdn plc increased its stake in shares of Interpublic Group of Companies by 23.1% in the fourth quarter. abrdn plc now owns 488,980 shares of the business services provider’s stock worth $15,960,000 after purchasing an additional 91,894 shares in the last quarter. New York Life Investment Management LLC raised its position in shares of Interpublic Group of Companies by 32.5% during the 3rd quarter. New York Life Investment Management LLC now owns 99,678 shares of the business services provider’s stock valued at $2,857,000 after purchasing an additional 24,459 shares during the period. Finally, UBS Group AG lifted its stake in shares of Interpublic Group of Companies by 16.2% during the 3rd quarter. UBS Group AG now owns 338,048 shares of the business services provider’s stock valued at $9,688,000 after buying an additional 47,184 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Insider Transactions at Interpublic Group of Companies

In related news, EVP Andrew Bonzani sold 40,468 shares of the firm’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 $1,303,069.60. Following the transaction, the executive vice president now owns 70,431 shares of the company’s stock, valued at approximately $2,267,878.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Christopher F. Carroll sold 18,382 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 42,390 shares in the company, valued at $1,364,958. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew Bonzani sold 40,468 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 value of $1,303,069.60. Following the transaction, the executive vice president now owns 70,431 shares in the company, valued at $2,267,878.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 249,646 shares of company stock worth $8,038,601. 0.42% of the stock is currently owned by insiders.

Interpublic Group of Companies Trading Up 1.0 %

Shares of Interpublic Group of Companies stock traded up $0.31 during trading on Friday, hitting $31.47. The stock had a trading volume of 3,576,757 shares, compared to its average volume of 3,327,666. 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 debt-to-equity ratio of 0.75, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s fifty day simple moving average is $31.89 and its 200-day simple moving average is $31.37. The stock has a market cap of $11.88 billion, a PE ratio of 11.20, a PEG ratio of 2.28 and a beta of 1.13.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data 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. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.18 billion. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. As a group, sell-side analysts expect that The Interpublic Group of Companies, Inc. will post 2.77 EPS for the current fiscal year.

Interpublic Group of Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.33 dividend. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, February 29th. This represents a $1.32 dividend on an annualized basis and a yield of 4.19%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. 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 research note on Friday, February 9th. UBS Group started coverage on shares of Interpublic Group of Companies in a research note on Thursday, January 11th. They set a “neutral” rating and a $36.00 target price for the company. Barclays lifted their price objective on Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, Wells Fargo & Company cut their target price on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Interpublic Group of Companies has an average rating of “Hold” and an average price target of $35.13.

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.