Toronto Dominion Bank Has $7.11 Million Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Toronto Dominion Bank increased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 40.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,675 shares of the business services provider's stock after acquiring an additional 73,054 shares during the quarter. Toronto Dominion Bank owned 0.07% of Interpublic Group of Companies worth $7,106,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allworth Financial LP raised its holdings in shares of Interpublic Group of Companies by 75.8% during the fourth quarter. Allworth Financial LP now owns 1,113 shares of the business services provider's stock valued at $31,000 after acquiring an additional 480 shares during the period. OFI Invest Asset Management purchased a new position in Interpublic Group of Companies during the fourth quarter valued at approximately $36,000. Raiffeisen Bank International AG purchased a new position in Interpublic Group of Companies during the fourth quarter valued at approximately $42,000. GeoWealth Management LLC grew its position in Interpublic Group of Companies by 20.7% during the fourth quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider's stock valued at $94,000 after purchasing an additional 573 shares in the last quarter. Finally, Parvin Asset Management LLC purchased a new position in Interpublic Group of Companies during the fourth quarter valued at approximately $102,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group raised shares of Interpublic Group of Companies from a "sell" rating to a "neutral" rating and lowered their price objective for the company from $29.00 to $27.00 in a research report on Thursday, February 13th. Wall Street Zen assumed coverage on shares of Interpublic Group of Companies in a research report on Tuesday, May 20th. They set a "hold" rating on the stock. Barclays decreased their target price on shares of Interpublic Group of Companies from $36.00 to $34.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $32.00 to $39.00 in a research report on Monday, January 27th. Finally, Citigroup reissued a "buy" rating and issued a $35.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. One equities 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. Based on data from MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of "Hold" and an average target price of $33.44.

Insider Activity at Interpublic Group of Companies

In related news, CFO Ellen Tobi Johnson sold 21,427 shares of the company's stock in a transaction 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 in the company, valued at $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 available through this link. Corporate insiders own 0.42% of the company's stock.

Interpublic Group of Companies Stock Performance

Shares of NYSE IPG traded up $0.53 during trading hours on Tuesday, hitting $24.53. 738,803 shares of the stock were exchanged, compared to its average volume of 5,191,014. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The company's 50 day moving average is $24.94 and its 200 day moving average is $27.09. The firm has a market capitalization of $9.07 billion, a P/E ratio of 13.39 and a beta of 1.09. The Interpublic Group of Companies, Inc. has a one year low of $22.51 and a one year high of $33.05.

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 EPS for the quarter, beating the consensus estimate 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 net margin of 6.45% and a return on equity of 27.10%. The business's quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. On average, research analysts expect that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend is Monday, June 2nd. Interpublic Group of Companies's payout ratio is currently 100.76%.

Interpublic Group of Companies declared that its board has approved a stock buyback 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 stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

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.