WINTON GROUP Ltd Has $385,000 Position in Interpublic Group of Companies Inc (IPG)

WINTON GROUP Ltd trimmed its stake in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 32.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,085 shares of the business services provider’s stock after selling 9,170 shares during the quarter. WINTON GROUP Ltd’s holdings in Interpublic Group of Companies were worth $385,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Interpublic Group of Companies by 12.8% during the 4th quarter. BlackRock Inc. now owns 39,906,603 shares of the business services provider’s stock valued at $804,517,000 after purchasing an additional 4,539,905 shares during the period. Pzena Investment Management LLC increased its stake in Interpublic Group of Companies by 99.2% in the 4th quarter. Pzena Investment Management LLC now owns 17,855,163 shares of the business services provider’s stock worth $359,960,000 after acquiring an additional 8,890,439 shares during the last quarter. Wells Fargo & Company MN increased its stake in Interpublic Group of Companies by 32.7% in the 4th quarter. Wells Fargo & Company MN now owns 9,620,910 shares of the business services provider’s stock worth $193,957,000 after acquiring an additional 2,370,784 shares during the last quarter. Victory Capital Management Inc. increased its stake in Interpublic Group of Companies by 8.3% in the 4th quarter. Victory Capital Management Inc. now owns 7,157,195 shares of the business services provider’s stock worth $144,290,000 after acquiring an additional 547,757 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Interpublic Group of Companies by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 5,876,952 shares of the business services provider’s stock worth $118,479,000 after acquiring an additional 193,561 shares during the last quarter. Institutional investors own 99.49% of the company’s stock.

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Interpublic Group of Companies Inc (NYSE IPG) opened at $23.74 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $9,200.36, a PE ratio of 16.14, a PEG ratio of 2.11 and a beta of 1.31. Interpublic Group of Companies Inc has a 1 year low of $18.30 and a 1 year high of $26.01.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Wednesday, February 14th. The business services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.07% and a net margin of 7.35%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 EPS. sell-side analysts anticipate that Interpublic Group of Companies Inc will post 1.7 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, February 28th. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a dividend yield of 3.54%. Interpublic Group of Companies’s dividend payout ratio is 57.14%.

Interpublic Group of Companies declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 14th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

A number of equities analysts have weighed in on IPG shares. TheStreet lowered Interpublic Group of Companies from a “b-” rating to a “c+” rating in a research note on Wednesday, November 22nd. Jefferies Group lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th. Macquarie lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Wells Fargo & Co lowered Interpublic Group of Companies from an “outperform” rating to a “market perform” rating and set a $23.00 target price on the stock. in a research note on Thursday, January 18th. Finally, Pivotal Research restated a “buy” rating and issued a $26.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.92.

In other news, CAO Christopher F. Carroll sold 21,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $23.62, for a total transaction of $496,020.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Frank Mergenthaler sold 65,536 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $23.41, for a total value of $1,534,197.76. The disclosure for this sale can be found here. Insiders have sold a total of 448,258 shares of company stock worth $10,563,009 over the last quarter. Corporate insiders own 1.49% of the company’s stock.

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Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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