Siemens Fonds Invest GmbH Has $124,000 Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Siemens Fonds Invest GmbH reduced its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 93.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,429 shares of the business services provider's stock after selling 58,462 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Interpublic Group of Companies were worth $124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. SGL Investment Advisors Inc. boosted its holdings in shares of Interpublic Group of Companies by 9.8% in the 4th quarter. SGL Investment Advisors Inc. now owns 134,738 shares of the business services provider's stock worth $3,608,000 after acquiring an additional 11,992 shares in the last quarter. Shell Asset Management Co. lifted its holdings in Interpublic Group of Companies by 58.9% during the 4th quarter. Shell Asset Management Co. now owns 46,687 shares of the business services provider's stock worth $1,308,000 after buying an additional 17,310 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Interpublic Group of Companies during the 4th quarter worth $223,000. Sona Asset Management US LLC acquired a new position in Interpublic Group of Companies during the 4th quarter worth $8,613,000. Finally, Rafferty Asset Management LLC lifted its holdings in Interpublic Group of Companies by 11.5% during the 4th quarter. Rafferty Asset Management LLC now owns 32,335 shares of the business services provider's stock worth $906,000 after buying an additional 3,345 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Interpublic Group of Companies news, CFO Ellen Tobi Johnson sold 21,427 shares of the stock in a transaction dated Monday, March 3rd. The stock was 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 owns 143,373 shares in the company, valued at approximately $3,845,263.86. This represents a 13.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.42% of the company's stock.

Interpublic Group of Companies Stock Performance

Shares of Interpublic Group of Companies stock opened at $25.48 on Monday. The firm has a fifty day moving average of $25.16 and a two-hundred day moving average of $27.31. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 13.92 and a beta of 1.09. The Interpublic Group of Companies, Inc. has a 52 week low of $22.51 and a 52 week high of $33.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09.

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

Interpublic Group of Companies declared that its board has approved a share buyback program on Wednesday, February 12th that allows the company to buyback $155.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have issued reports on IPG shares. JPMorgan Chase & Co. raised Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $32.00 to $39.00 in a report on Monday, January 27th. Barclays reduced their price objective on Interpublic Group of Companies from $36.00 to $34.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Citigroup reaffirmed a "buy" rating and set a $35.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, April 15th. UBS Group raised Interpublic Group of Companies from a "sell" rating to a "neutral" rating and reduced their price objective for the stock from $29.00 to $27.00 in a report on Thursday, February 13th. Finally, Argus downgraded Interpublic Group of Companies from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Interpublic Group of Companies currently has a consensus rating of "Hold" and an average target price of $33.44.

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.

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