Boothbay Fund Management LLC Has $762,000 Stock Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Boothbay Fund Management LLC increased its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 179.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,195 shares of the business services provider's stock after buying an additional 17,451 shares during the quarter. Boothbay Fund Management LLC's holdings in Interpublic Group of Companies were worth $762,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its stake in shares of Interpublic Group of Companies by 139.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 13,210,446 shares of the business services provider's stock worth $370,157,000 after purchasing an additional 7,693,636 shares in the last quarter. First Trust Advisors LP lifted its holdings in Interpublic Group of Companies by 13.0% in the fourth quarter. First Trust Advisors LP now owns 12,975,872 shares of the business services provider's stock worth $363,584,000 after purchasing an additional 1,492,019 shares during the period. Charles Schwab Investment Management Inc. grew its position in Interpublic Group of Companies by 4.1% in 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 buying an additional 511,607 shares in the last quarter. Invesco Ltd. increased its stake in Interpublic Group of Companies by 14.8% during 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. Finally, Geode Capital Management LLC raised its position in shares of Interpublic Group of Companies by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 9,531,530 shares of the business services provider's stock worth $266,614,000 after buying an additional 81,996 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Ellen Tobi Johnson sold 21,427 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $26.82, for a total value of $574,672.14. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Interpublic Group of Companies Trading Up 0.2 %

IPG traded up $0.05 during trading on Monday, reaching $25.43. The company had a trading volume of 289,972 shares, compared to its average volume of 6,490,785. The firm's 50-day simple moving average is $25.58 and its 200 day simple moving average is $27.66. 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 $9.40 billion, a price-to-earnings ratio of 13.90 and a beta of 1.01. The Interpublic Group of Companies, Inc. has a 12-month low of $22.51 and a 12-month high of $33.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Interpublic Group of Companies had a net margin of 6.45% and a return on equity of 27.10%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the business earned $0.36 earnings per share. The firm's revenue was down 6.9% compared to the same quarter last year. Equities research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies declared that its board has authorized a stock buyback plan on Wednesday, February 12th that authorizes the company to repurchase $155.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Interpublic Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.32 annualized dividend and a dividend yield of 5.19%. Interpublic Group of Companies's dividend payout ratio (DPR) is presently 100.76%.

Analyst Ratings Changes

Several research analysts have recently issued reports on IPG shares. BNP Paribas upgraded shares of Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 price objective for the company in a report on Friday, January 10th. UBS Group raised Interpublic Group of Companies from a "sell" rating to a "neutral" rating and decreased their price target for the company from $29.00 to $27.00 in a research note on Thursday, February 13th. Argus downgraded Interpublic Group of Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. StockNews.com initiated coverage on Interpublic Group of Companies in a research note on Sunday. They set a "hold" rating for the company. Finally, JPMorgan Chase & Co. raised Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $32.00 to $39.00 in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Interpublic Group of Companies presently has a consensus rating of "Hold" and a consensus price target 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.