Alaska Permanent Fund Corp Invests $436,000 in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Alaska Permanent Fund Corp acquired a new stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 13,344 shares of the business services provider’s stock, valued at approximately $436,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IPG. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Interpublic Group of Companies in the fourth quarter valued at about $29,000. Tobam boosted its position in Interpublic Group of Companies by 2,340.0% during the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock worth $36,000 after acquiring an additional 1,053 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Interpublic Group of Companies during the 3rd quarter worth approximately $33,000. MCF Advisors LLC acquired a new stake in shares of Interpublic Group of Companies in the fourth quarter valued at approximately $43,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of Interpublic Group of Companies in the third quarter worth $43,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Interpublic Group of Companies

In related news, CFO Ellen Tobi Johnson sold 40,393 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 $1,300,654.60. Following the sale, the chief financial officer now owns 88,350 shares of the company’s stock, valued at approximately $2,844,870. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Interpublic Group of Companies news, EVP Andrew Bonzani sold 40,468 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total transaction of $1,303,069.60. Following the sale, the executive vice president now directly 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 hyperlink. Also, CFO Ellen Tobi Johnson sold 40,393 shares of the 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 worth $8,038,601. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on IPG. Wells Fargo & Company decreased 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 report on Thursday. Barclays raised 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 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 research note on Friday, February 9th. Finally, UBS Group began coverage on Interpublic Group of Companies in a research report on Thursday, January 11th. They set a “neutral” rating and a $36.00 price target on the stock. 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.com, the company presently has a consensus rating of “Hold” and an average price target of $35.13.

Interpublic Group of Companies Stock Performance

Shares of NYSE:IPG opened at $31.47 on Friday. The Interpublic Group of Companies, Inc. has a 1 year low of $27.20 and a 1 year high of $40.95. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 2.28 and a beta of 1.13. 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 company’s 50 day simple moving average is $31.89 and its 200 day simple moving average is $31.37.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 earnings per share. As a group, research analysts predict that The Interpublic Group of Companies, Inc. will post 2.77 EPS for the current fiscal year.

Interpublic Group of Companies Increases Dividend

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

Interpublic Group of Companies Company 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.