12,990 Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG) Bought by MJP Associates Inc. ADV

MJP Associates Inc. ADV purchased a new position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,990 shares of the business services provider's stock, valued at approximately $364,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allworth Financial LP raised its holdings in shares of Interpublic Group of Companies by 75.8% in the 4th quarter. Allworth Financial LP now owns 1,113 shares of the business services provider's stock valued at $31,000 after purchasing an additional 480 shares during the period. OFI Invest Asset Management bought a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at about $36,000. GeoWealth Management LLC raised its holdings in shares of Interpublic Group of Companies by 20.7% in the 4th 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 during the period. Parvin Asset Management LLC bought a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at about $102,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in Interpublic Group of Companies in the 4th quarter valued at about $141,000. 98.43% of the stock is owned by institutional investors.

Insider Activity at Interpublic Group of Companies

In other news, CFO Ellen Tobi Johnson sold 21,427 shares of Interpublic Group of Companies 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 transaction, the chief financial officer now owns 143,373 shares in the company, valued at approximately $3,845,263.86. The trade was a 13.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

IPG has been the topic of several research analyst reports. 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 report on Monday, January 27th. UBS Group raised shares of Interpublic Group of Companies from a "sell" rating to a "neutral" rating and lowered their price target for the company from $29.00 to $27.00 in a report on Thursday, February 13th. StockNews.com began coverage on shares of Interpublic Group of Companies in a report on Monday. They issued a "hold" rating on the stock. Citigroup restated a "buy" rating and set a $35.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. Finally, Argus lowered shares of Interpublic Group of Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $33.44.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG traded up $0.30 during trading hours on Friday, hitting $25.48. 2,514,009 shares of the stock were exchanged, compared to its average volume of 5,178,719. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $9.42 billion, a PE ratio of 13.92 and a beta of 1.09. The company's fifty day simple moving average is $25.20 and its two-hundred day simple moving average is $27.38. 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 posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The business 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 revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. On average, sell-side 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 of Directors has authorized a share repurchase program on Wednesday, February 12th that permits the company to buyback $155.00 million in shares. This buyback authorization permits the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are 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.