Kingsview Wealth Management LLC Invests $3.29 Million in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Kingsview Wealth Management LLC acquired a new stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 100,820 shares of the business services provider's stock, valued at approximately $3,291,000.

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

Insider Activity

In other Interpublic Group of Companies news, CAO Christopher F. Carroll sold 18,382 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 42,390 shares in the company, valued at approximately $1,364,958. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Andrew Bonzani sold 40,468 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $1,303,069.60. Following the sale, the executive vice president now owns 70,431 shares of the company's stock, valued at $2,267,878.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Christopher F. Carroll sold 18,382 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total transaction of $591,900.40. Following the transaction, the chief accounting officer now owns 42,390 shares of the company's stock, valued at approximately $1,364,958. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 249,646 shares of company stock valued at $8,038,601. Insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

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

Interpublic Group of Companies Stock Performance

IPG traded up $0.15 during midday trading on Friday, reaching $31.78. The company's stock had a trading volume of 2,861,058 shares, compared to its average volume of 3,345,859. The Interpublic Group of Companies, Inc. has a twelve month low of $27.20 and a twelve month high of $40.95. The stock has a market cap of $11.99 billion, a P/E ratio of 11.31, a PEG ratio of 2.30 and a beta of 1.13. The company has a fifty day simple moving average of $31.60 and a 200 day simple moving average of $31.68. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.18 billion. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The business's quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. Research analysts expect that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current year.

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.