Bank of New Hampshire Decreases Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Bank of New Hampshire cut its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 28.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,273 shares of the business services provider’s stock after selling 2,071 shares during the quarter. Bank of New Hampshire’s holdings in Interpublic Group of Companies were worth $172,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of IPG. Black Creek Investment Management Inc. boosted its stake in shares of Interpublic Group of Companies by 14.1% in the third quarter. Black Creek Investment Management Inc. now owns 9,722,563 shares of the business services provider’s stock worth $278,649,000 after acquiring an additional 1,204,630 shares during the last quarter. American Century Companies Inc. lifted its position in Interpublic Group of Companies by 24.6% during the third quarter. American Century Companies Inc. now owns 4,635,459 shares of the business services provider’s stock worth $132,852,000 after buying an additional 916,574 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Interpublic Group of Companies by 212.9% during the third quarter. Qube Research & Technologies Ltd now owns 827,224 shares of the business services provider’s stock worth $23,708,000 after buying an additional 562,823 shares in the last quarter. Gradient Investments LLC lifted its position in Interpublic Group of Companies by 1,439,200.0% during the fourth quarter. Gradient Investments LLC now owns 503,755 shares of the business services provider’s stock worth $16,443,000 after buying an additional 503,720 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in Interpublic Group of Companies during the third quarter worth approximately $14,408,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Andrew Bonzani sold 40,468 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 value of $1,303,069.60. Following the completion of the sale, the executive vice president now directly owns 70,431 shares of the company’s stock, valued at approximately $2,267,878.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Interpublic Group of Companies news, EVP Andrew Bonzani sold 40,468 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total transaction of $1,303,069.60. Following the completion of the sale, the executive vice president now directly owns 70,431 shares of the company’s stock, valued at approximately $2,267,878.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Christopher F. Carroll sold 18,382 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total value of $591,900.40. Following the transaction, the chief accounting officer now directly owns 42,390 shares of the company’s stock, valued at $1,364,958. The disclosure for this sale can be found here. In the last three months, insiders sold 249,646 shares of company stock valued at $8,038,601. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their target price on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday. UBS Group assumed coverage on Interpublic Group of Companies in a research report on Thursday, January 11th. They issued a “neutral” rating and a $36.00 target price on the stock. Barclays lifted their target price 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. Finally, JPMorgan Chase & Co. reduced their target price on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. 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, Interpublic Group of Companies currently has an average rating of “Hold” and a consensus target price of $35.13.

Interpublic Group of Companies Stock Down 0.8 %

IPG traded down $0.24 on Thursday, hitting $31.16. 5,049,029 shares of the company were exchanged, compared to its average volume of 4,081,420. The Interpublic Group of Companies, Inc. has a twelve month low of $27.20 and a twelve month high of $40.95. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 2.13 and a beta of 1.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $31.94 and a two-hundred day moving average price of $31.35.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Interpublic Group of Companies had a return on equity of 30.52% and a net margin of 10.09%. Interpublic Group of Companies’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. On average, equities analysts predict that The Interpublic Group of Companies, Inc. will post 2.77 earnings per share for the current year.

Interpublic Group of Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.33 per share. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Thursday, February 29th. Interpublic Group of Companies’s dividend payout ratio is currently 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.