Farmers & Merchants Investments Inc. Sells 1,625 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Farmers & Merchants Investments Inc. trimmed its position in The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 8.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,086 shares of the business services provider’s stock after selling 1,625 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Interpublic Group of Companies were worth $558,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Oak Thistle LLC acquired a new stake in Interpublic Group of Companies during the fourth quarter worth about $885,000. First Citizens Bank & Trust Co. grew its stake in shares of Interpublic Group of Companies by 52.1% in the fourth quarter. First Citizens Bank & Trust Co. now owns 21,124 shares of the business services provider’s stock valued at $689,000 after buying an additional 7,240 shares in the last quarter. Berkshire Bank grew its stake in shares of Interpublic Group of Companies by 2.0% in the fourth quarter. Berkshire Bank now owns 22,770 shares of the business services provider’s stock valued at $743,000 after buying an additional 450 shares in the last quarter. Pinnacle Financial Partners Inc purchased a new position in Interpublic Group of Companies in the fourth quarter valued at $204,000. Finally, JLB & Associates Inc. lifted its holdings in Interpublic Group of Companies by 41.3% during the 4th quarter. JLB & Associates Inc. now owns 10,470 shares of the business services provider’s stock worth $342,000 after buying an additional 3,060 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Ellen Tobi Johnson sold 40,393 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total transaction of $1,300,654.60. Following the transaction, the chief financial officer now owns 88,350 shares in the company, valued at $2,844,870. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Ellen Tobi Johnson sold 40,393 shares of the business’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 $1,300,654.60. Following the completion of the sale, the chief financial officer now directly owns 88,350 shares in the company, valued at $2,844,870. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew Bonzani sold 40,468 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $1,303,069.60. Following the completion of the transaction, the executive vice president now directly owns 70,431 shares in the company, valued at approximately $2,267,878.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 249,646 shares of company stock worth $8,038,601. 0.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on Interpublic Group of Companies

Interpublic Group of Companies Price Performance

IPG opened at $32.14 on Wednesday. The firm has a market cap of $12.17 billion, a P/E ratio of 11.28, a PEG ratio of 2.23 and a beta of 1.13. 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 firm has a 50-day moving average of $32.42 and a 200 day moving average of $31.14. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06.

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

Interpublic Group of Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.11%. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.31. 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

(Free Report)

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.

See Also

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

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