The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC trimmed its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 882,490 shares of the business services provider’s stock after selling 45,435 shares during the quarter. Modera Wealth Management LLC owned approximately 0.24% of Interpublic Group of Companies worth $24,727,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Empirical Finance LLC raised its stake in shares of Interpublic Group of Companies by 1.3% during the 3rd quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider’s stock worth $1,031,000 after buying an additional 409 shares during the period. West Oak Capital LLC raised its stake in Interpublic Group of Companies by 0.8% in the 4th quarter. West Oak Capital LLC now owns 55,595 shares of the business services provider’s stock valued at $1,558,000 after purchasing an additional 435 shares during the last quarter. Allworth Financial LP raised its stake in 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 last quarter. Proactive Wealth Strategies LLC raised its stake in Interpublic Group of Companies by 5.8% in the 4th quarter. Proactive Wealth Strategies LLC now owns 11,094 shares of the business services provider’s stock valued at $311,000 after purchasing an additional 607 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Interpublic Group of Companies by 0.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 148,951 shares of the business services provider’s stock valued at $4,711,000 after purchasing an additional 622 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on IPG shares. UBS Group raised Interpublic Group of Companies from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $29.00 to $27.00 in a research note on Thursday, February 13th. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. Argus downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $32.00 to $39.00 in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $33.50.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $27.40 on Friday. The stock has a market cap of $10.21 billion, a PE ratio of 14.97 and a beta of 1.11. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The Interpublic Group of Companies, Inc. has a twelve month low of $26.30 and a twelve month high of $35.17. The stock has a fifty day simple moving average of $27.86 and a 200-day simple moving average of $29.62.

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

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date is Monday, March 3rd. Interpublic Group of Companies’s dividend payout ratio is presently 72.13%.

Interpublic Group of Companies declared that its board has authorized a share repurchase program on Wednesday, February 12th that allows the company to buyback $155.00 million in shares. This buyback authorization allows the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Interpublic Group of Companies Company 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.