Jump Financial LLC Takes $675,000 Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Jump Financial LLC acquired a new stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 24,093 shares of the business services provider's stock, valued at approximately $675,000.

Several other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in Interpublic Group of Companies by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,938,530 shares of the business services provider's stock valued at $362,538,000 after acquiring an additional 511,607 shares in the last quarter. Invesco Ltd. grew its stake in shares of Interpublic Group of Companies by 14.8% in the 4th quarter. Invesco Ltd. now owns 10,264,732 shares of the business services provider's stock valued at $287,618,000 after buying an additional 1,320,345 shares during the period. Geode Capital Management LLC grew its stake in shares of Interpublic Group of Companies by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 9,531,530 shares of the business services provider's stock valued at $266,614,000 after buying an additional 81,996 shares during the period. Pacer Advisors Inc. grew its stake in shares of 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. Finally, Amundi grew its stake in shares of 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. Hedge funds and other institutional investors own 98.43% of the company's stock.

Insider Transactions at Interpublic Group of Companies

In other 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 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 approximately $3,845,263.86. This represents a 13.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.42% of the company's stock.

Interpublic Group of Companies Stock Up 1.0 %

Interpublic Group of Companies stock traded up $0.25 during mid-day trading on Monday, reaching $24.81. 3,568,363 shares of the company's stock were exchanged, compared to its average volume of 5,129,806. The company has a market cap of $9.25 billion, a P/E ratio of 13.56 and a beta of 1.01. The Interpublic Group of Companies, Inc. has a twelve month low of $22.51 and a twelve month high of $33.05. 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 has a fifty day moving average of $25.77 and a 200-day moving average of $27.85.

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 company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.98 billion. Interpublic Group of Companies had a net margin of 6.45% and a return on equity of 27.10%. The firm's quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. Sell-side analysts expect that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

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

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.33 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.32 annualized dividend and a dividend yield of 5.32%. Interpublic Group of Companies's dividend payout ratio is currently 100.76%.

Analyst Ratings Changes

Several analysts have recently weighed in on IPG shares. StockNews.com started coverage on shares of Interpublic Group of Companies in a research note on Saturday. They issued a "hold" rating for the company. Barclays dropped their price target on shares of Interpublic Group of Companies from $36.00 to $34.00 and set an "overweight" rating for the company in a research note on Friday. JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and increased their price target for the company from $32.00 to $39.00 in a research note on Monday, January 27th. BNP Paribas raised shares of Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 price target for the company in a research note on Friday, January 10th. Finally, Argus cut shares of Interpublic Group of Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $33.44.

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.