TD Private Client Wealth LLC Lowers Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

TD Private Client Wealth LLC trimmed its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 16,366 shares of the business services provider’s stock after selling 495 shares during the period. TD Private Client Wealth LLC’s holdings in Interpublic Group of Companies were worth $459,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IPG. Pacer Advisors Inc. raised its stake in Interpublic Group of Companies by 25,637.0% during 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 acquiring an additional 7,374,491 shares during the last quarter. State Street Corp raised its stake in shares of Interpublic Group of Companies by 15.1% during the third quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock worth $943,993,000 after purchasing an additional 3,920,975 shares during the last quarter. Amundi lifted its holdings in shares of Interpublic Group of Companies by 133.6% during the fourth quarter. Amundi now owns 5,402,201 shares of the business services provider’s stock worth $150,393,000 after purchasing an additional 3,089,387 shares during the period. Magnetar Financial LLC grew its position in Interpublic Group of Companies by 12,548.6% in the 4th quarter. Magnetar Financial LLC now owns 2,425,247 shares of the business services provider’s stock valued at $67,955,000 after buying an additional 2,406,073 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Interpublic Group of Companies in the 4th quarter valued at $51,794,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Down 2.0 %

Interpublic Group of Companies stock opened at $25.98 on Tuesday. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of 14.19 and a beta of 1.14. 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 Interpublic Group of Companies, Inc. has a fifty-two week low of $25.85 and a fifty-two week high of $33.05. The stock’s fifty day moving average is $27.51 and its two-hundred day moving average is $29.04.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Wednesday, February 12th. The business services provider reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.04). Interpublic Group of Companies had a net margin of 6.45% and a return on equity of 27.10%. Analysts predict that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date was Monday, March 3rd. Interpublic Group of Companies’s payout ratio is currently 72.13%.

Interpublic Group of Companies declared that its board has authorized a share repurchase 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 reacquire up to 1.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

IPG has been the subject of several recent analyst reports. StockNews.com assumed coverage on shares of Interpublic Group of Companies in a research note on Tuesday. They issued a “hold” rating for the company. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $32.00 to $39.00 in a report on Monday, January 27th. Argus downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, UBS Group upgraded Interpublic Group of Companies from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $29.00 to $27.00 in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $33.50.

Insider Activity at Interpublic Group of Companies

In related news, CFO Ellen Tobi Johnson sold 21,427 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $26.82, for a total value of $574,672.14. Following the completion of the transaction, the chief financial officer now owns 143,373 shares of the company’s stock, valued at approximately $3,845,263.86. The trade was a 13.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is owned by corporate insiders.

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.