BNP Paribas Financial Markets Boosts Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

BNP Paribas Financial Markets boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 54.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 860,103 shares of the business services provider's stock after purchasing an additional 302,664 shares during the quarter. BNP Paribas Financial Markets owned about 0.22% of Interpublic Group of Companies worth $28,074,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IPG. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at approximately $29,000. Tobam increased its holdings in shares of Interpublic Group of Companies by 2,340.0% during the fourth quarter. Tobam now owns 1,098 shares of the business services provider's stock worth $36,000 after buying an additional 1,053 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Interpublic Group of Companies during the 3rd quarter valued at $33,000. MCF Advisors LLC acquired a new position in Interpublic Group of Companies in the 4th quarter valued at approximately $43,000. Finally, First Command Advisory Services Inc. bought a new position in shares of Interpublic Group of Companies during the third quarter valued at $43,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Interpublic Group of Companies news, CAO Christopher F. Carroll sold 18,382 shares of the business's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total value of $591,900.40. Following the sale, the chief accounting officer now directly owns 42,390 shares of the company's stock, valued at $1,364,958. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Christopher F. Carroll sold 18,382 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $591,900.40. Following the transaction, the chief accounting officer now owns 42,390 shares in the company, valued at $1,364,958. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Philippe Krakowsky sold 150,403 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total transaction of $4,842,976.60. Following the sale, the chief executive officer now directly owns 415,776 shares of the company's stock, valued at approximately $13,387,987.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,646 shares of company stock valued at $8,038,601. Corporate insiders own 0.42% of the company's stock.

Interpublic Group of Companies Trading Up 1.0 %

NYSE:IPG traded up $0.33 during trading hours on Tuesday, reaching $31.73. The company's stock had a trading volume of 2,503,671 shares, compared to its average volume of 3,932,182. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 2.27 and a beta of 1.13. The firm has a 50-day simple moving average of $31.63 and a 200-day simple moving average of $31.60. The Interpublic Group of Companies, Inc. has a 1 year low of $27.20 and a 1 year high of $40.95. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.06.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The firm had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the previous year, the company earned $0.38 earnings per share. The company's revenue for the quarter was down 1.0% compared to the same quarter last year. Research analysts expect that The Interpublic Group of Companies, Inc. will post 2.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on Interpublic Group of Companies from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, February 9th. Barclays increased their target price on Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an "equal weight" rating in a report on Monday, January 29th. Finally, Wells Fargo & Company cut their target price on Interpublic Group of Companies from $32.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Interpublic Group of Companies has a consensus rating of "Hold" and an average target price of $35.13.

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.