Deutsche Bank AG Has $105.52 Million Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Deutsche Bank AG boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 18.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,765,870 shares of the business services provider's stock after purchasing an additional 597,488 shares during the quarter. Deutsche Bank AG owned about 1.01% of Interpublic Group of Companies worth $105,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its holdings in Interpublic Group of Companies by 139.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 13,210,446 shares of the business services provider's stock valued at $370,157,000 after buying an additional 7,693,636 shares during the period. Pacer Advisors Inc. grew its holdings in Interpublic Group of Companies by 25,637.0% in the 4th quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider's stock valued at $207,439,000 after buying an additional 7,374,491 shares during the period. Amundi grew its holdings in Interpublic Group of Companies by 133.6% in the 4th quarter. Amundi now owns 5,402,201 shares of the business services provider's stock valued at $150,393,000 after buying an additional 3,089,387 shares during the period. Magnetar Financial LLC grew its holdings in Interpublic Group of Companies by 12,548.6% in the 4th quarter. Magnetar Financial LLC now owns 2,425,247 shares of the business services provider's stock valued at $67,955,000 after buying an additional 2,406,073 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Interpublic Group of Companies during the 4th quarter worth about $51,794,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Insider Buying and Selling at Interpublic Group of Companies

In related news, CFO Ellen Tobi Johnson sold 21,427 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $26.82, for a total value of $574,672.14. Following the completion of the sale, the chief financial officer now owns 143,373 shares in the company, valued at approximately $3,845,263.86. This represents a 13.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.42% of the company's stock.

Analyst Ratings Changes

IPG has been the subject of a number of research reports. Argus cut Interpublic Group of Companies from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. StockNews.com began coverage on Interpublic Group of Companies in a research report on Monday. They issued a "hold" rating on the stock. JPMorgan Chase & Co. raised Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and upped their target price for the company from $32.00 to $39.00 in a research report on Monday, January 27th. Barclays dropped their price target on Interpublic Group of Companies from $36.00 to $34.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Finally, UBS Group raised Interpublic Group of Companies from a "sell" rating to a "neutral" rating and dropped their price target for the company from $29.00 to $27.00 in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Interpublic Group of Companies presently has an average rating of "Hold" and a consensus target price of $33.44.

Interpublic Group of Companies Stock Performance

IPG traded down $0.63 during midday trading on Wednesday, reaching $25.00. The company's stock had a trading volume of 6,124,020 shares, compared to its average volume of 5,179,092. The stock has a market cap of $9.24 billion, a P/E ratio of 13.66 and a beta of 1.09. The company has a fifty day simple moving average of $25.33 and a 200 day simple moving average of $27.43. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The Interpublic Group of Companies, Inc. has a twelve month low of $22.51 and a twelve month high of $33.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.98 billion. Interpublic Group of Companies had a return on equity of 27.10% and a net margin of 6.45%. Interpublic Group of Companies's revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. Research analysts expect that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 12th that authorizes the company to buyback $155.00 million in shares. This buyback authorization authorizes the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

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.