Monument Capital Management Takes Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Monument Capital Management acquired a new stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,571 shares of the business services provider’s stock, valued at approximately $214,000.

A number of other hedge funds also recently made changes to their positions in IPG. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Interpublic Group of Companies in the fourth quarter worth $29,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Interpublic Group of Companies in the third quarter worth $33,000. Tobam increased its stake in shares of Interpublic Group of Companies by 2,340.0% in 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 during the last quarter. Ronald Blue Trust Inc. increased its stake in shares of Interpublic Group of Companies by 55.2% in the third quarter. Ronald Blue Trust Inc. now owns 1,513 shares of the business services provider’s stock worth $43,000 after buying an additional 538 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of Interpublic Group of Companies in the third quarter worth $43,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

IPG has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of Interpublic Group of Companies from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. dropped their price target on shares of Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. UBS Group started coverage on shares of Interpublic Group of Companies in a report on Thursday, January 11th. They issued a “neutral” rating and a $36.00 price objective for the company. Finally, Barclays lifted their price objective on shares of 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. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.25.

Insider Activity

In other news, CFO Ellen Tobi Johnson sold 40,393 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total transaction of $1,300,654.60. Following the completion of the transaction, the chief financial officer now owns 88,350 shares of the company’s stock, valued at $2,844,870. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Ellen Tobi Johnson sold 40,393 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total transaction of $1,300,654.60. Following the completion of the transaction, the chief financial officer now owns 88,350 shares of the company’s stock, valued at $2,844,870. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Andrew Bonzani sold 40,468 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total transaction of $1,303,069.60. Following the transaction, the executive vice president now directly owns 70,431 shares of the company’s stock, valued at approximately $2,267,878.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 249,646 shares of company stock valued at $8,038,601. 0.42% of the stock is currently owned by company insiders.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock opened at $31.03 on Tuesday. The company has a market cap of $11.71 billion, a PE ratio of 10.89, a P/E/G ratio of 2.11 and a beta of 1.13. The company has a fifty day moving average price of $31.96 and a two-hundred day moving average price of $31.34. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.06. The Interpublic Group of Companies, Inc. has a 12 month low of $27.20 and a 12 month high of $40.95.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. Interpublic Group of Companies had a net margin of 10.09% and a return on equity of 30.52%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Research analysts expect that The Interpublic Group of Companies, Inc. will post 2.78 earnings per share for the current year.

Interpublic Group of Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.33 per share. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, February 29th. This represents a $1.32 annualized dividend and a dividend yield of 4.25%. Interpublic Group of Companies’s payout ratio is 46.32%.

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.