Foster & Motley Inc. Buys 488 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Foster & Motley Inc. raised its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 31,695 shares of the business services provider’s stock after purchasing an additional 488 shares during the quarter. Foster & Motley Inc.’s holdings in Interpublic Group of Companies were worth $1,035,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Interpublic Group of Companies during the 4th quarter worth approximately $29,000. Authentikos Wealth Advisory LLC acquired a new stake in Interpublic Group of Companies during the third quarter worth $33,000. Tobam increased its holdings in Interpublic Group of Companies by 2,340.0% in the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock valued at $36,000 after buying an additional 1,053 shares during the period. Ronald Blue Trust Inc. raised its stake in shares of Interpublic Group of Companies by 55.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,513 shares of the business services provider’s stock valued at $43,000 after buying an additional 538 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of Interpublic Group of Companies during the 3rd quarter worth about $43,000. Institutional investors own 98.43% of the company’s stock.

Insider Transactions at Interpublic Group of Companies

In related news, CFO Ellen Tobi Johnson sold 40,393 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $1,300,654.60. Following the completion of the sale, 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 document filed with the SEC, which is accessible through the SEC website. In other Interpublic Group of Companies news, CEO Philippe Krakowsky sold 150,403 shares of the business’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 $4,842,976.60. Following the completion of the sale, the chief executive officer now directly owns 415,776 shares of the company’s stock, valued at approximately $13,387,987.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ellen Tobi Johnson sold 40,393 shares of the firm’s stock in a transaction dated 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 directly owns 88,350 shares in the company, valued at approximately $2,844,870. The disclosure for this sale can be found here. Over the last three months, insiders have sold 249,646 shares of company stock worth $8,038,601. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IPG. Wells Fargo & Company upped their target price on shares of Interpublic Group of Companies from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. dropped 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. UBS Group began coverage on Interpublic Group of Companies in a research report on Thursday, January 11th. They set a “neutral” rating and a $36.00 target price for the company. Finally, Barclays upped their price target on Interpublic Group of Companies from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.25.

Interpublic Group of Companies Trading Down 0.1 %

IPG stock opened at $30.99 on Wednesday. The business has a fifty day moving average price of $31.94 and a 200 day moving average price of $31.35. 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 fifty-two week low of $27.20 and a fifty-two week high of $40.95. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 2.13 and a beta of 1.13.

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

Interpublic Group of Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.26%. Interpublic Group of Companies’s payout ratio is currently 46.32%.

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.