Signet Financial Management LLC Decreases Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Signet Financial Management LLC cut its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,155 shares of the business services provider’s stock after selling 1,159 shares during the quarter. Signet Financial Management LLC’s holdings in Interpublic Group of Companies were worth $658,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in IPG. Compass Wealth Management LLC purchased a new position in shares of Interpublic Group of Companies during the fourth quarter worth approximately $25,000. Clear Street Markets LLC increased its stake in shares of Interpublic Group of Companies by 94.9% in the first quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock worth $28,000 after buying an additional 372 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Interpublic Group of Companies in the fourth quarter worth $29,000. Authentikos Wealth Advisory LLC purchased a new position in shares of Interpublic Group of Companies in the third quarter worth $33,000. Finally, Resurgent Financial Advisors LLC purchased a new position in shares of Interpublic Group of Companies in the fourth quarter worth $34,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on IPG shares. Barclays lifted their target price on shares of 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. Wells Fargo & Company lifted their price target on shares of Interpublic Group of Companies from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. JPMorgan Chase & Co. cut their price target on shares of Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Finally, UBS Group started coverage on shares of Interpublic Group of Companies in a report on Thursday, January 11th. They issued a “neutral” rating and a $36.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.25.

Interpublic Group of Companies Stock Performance

IPG stock opened at $30.35 on Wednesday. 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 market capitalization of $11.45 billion, a P/E ratio of 10.65, a PEG ratio of 2.09 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 business has a 50-day moving average price of $32.05 and a 200 day moving average price of $31.28.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Thursday, February 8th. The business services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. Interpublic Group of Companies had a return on equity of 30.52% and a net margin of 10.09%. Interpublic Group of Companies’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 earnings per share. As a group, equities research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.78 EPS for the current fiscal year.

Interpublic Group of Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.33 dividend. The ex-dividend date was Thursday, February 29th. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 4.35%. Interpublic Group of Companies’s payout ratio is presently 46.32%.

Insider Buying and Selling at Interpublic Group of Companies

In other Interpublic Group of Companies news, CFO Ellen Tobi Johnson sold 40,393 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 $1,300,654.60. Following the completion of the transaction, the chief financial officer now directly owns 88,350 shares of the company’s stock, valued at $2,844,870. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Philippe Krakowsky sold 150,403 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ellen Tobi Johnson sold 40,393 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $1,300,654.60. Following the completion of the sale, the chief financial officer now owns 88,350 shares of the company’s stock, valued at $2,844,870. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 249,646 shares of company stock valued at $8,038,601. 0.33% of the stock is owned by company insiders.

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.