Quantinno Capital Management LP Raises Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Quantinno Capital Management LP grew its position in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,578 shares of the business services provider's stock after purchasing an additional 18,987 shares during the period. Quantinno Capital Management LP's holdings in Interpublic Group of Companies were worth $2,678,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Prosperity Consulting Group LLC raised its holdings in shares of Interpublic Group of Companies by 2.3% in the 4th quarter. Prosperity Consulting Group LLC now owns 21,236 shares of the business services provider's stock valued at $595,000 after purchasing an additional 470 shares during the period. Allworth Financial LP raised its stake in Interpublic Group of Companies by 75.8% in the fourth quarter. Allworth Financial LP now owns 1,113 shares of the business services provider's stock valued at $31,000 after buying an additional 480 shares during the period. GeoWealth Management LLC lifted its position in shares of Interpublic Group of Companies by 20.7% in the fourth quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider's stock valued at $94,000 after buying an additional 573 shares during the last quarter. Xponance Inc. boosted its stake in shares of Interpublic Group of Companies by 1.0% during the 4th quarter. Xponance Inc. now owns 59,844 shares of the business services provider's stock worth $1,677,000 after acquiring an additional 587 shares during the period. Finally, Proactive Wealth Strategies LLC increased its holdings in shares of Interpublic Group of Companies by 5.8% during the 4th quarter. Proactive Wealth Strategies LLC now owns 11,094 shares of the business services provider's stock worth $311,000 after acquiring an additional 607 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Interpublic Group of Companies Stock Performance

IPG traded down $0.05 during trading hours on Monday, hitting $24.01. The stock had a trading volume of 3,920,134 shares, compared to its average volume of 5,208,409. The stock has a market cap of $8.88 billion, a PE ratio of 13.12 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The company's fifty day simple moving average is $24.99 and its 200 day simple moving average is $27.13. The Interpublic Group of Companies, Inc. has a 1 year low of $22.51 and a 1 year high of $33.05.

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

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

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Monday, June 2nd. Interpublic Group of Companies's payout ratio is presently 100.76%.

Insider Activity

In other news, CFO Ellen Tobi Johnson sold 21,427 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $26.82, for a total transaction of $574,672.14. Following the completion of the transaction, the chief financial officer now directly owns 143,373 shares of the company's stock, valued at $3,845,263.86. The trade was a 13.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IPG. JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $32.00 to $39.00 in a report on Monday, January 27th. Argus lowered Interpublic Group of Companies from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Citigroup reiterated a "buy" rating and set a $35.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. Barclays dropped their target price on Interpublic Group of Companies from $36.00 to $34.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Finally, Wall Street Zen assumed coverage on shares of Interpublic Group of Companies in a research note on Tuesday, May 20th. They issued a "hold" rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Interpublic Group of Companies currently has a consensus rating of "Hold" and a consensus price target of $33.44.

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.