Western Wealth Management LLC Has $1.15 Million Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Western Wealth Management LLC raised its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.7% in the fourth quarter, HoldingsChannel reports. The fund owned 35,110 shares of the business services provider’s stock after purchasing an additional 589 shares during the quarter. Western Wealth Management LLC’s holdings in Interpublic Group of Companies were worth $1,146,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in IPG. Compass Wealth Management LLC acquired a new stake in Interpublic Group of Companies in the fourth quarter valued at approximately $25,000. Clear Street Markets LLC lifted its holdings in shares of Interpublic Group of Companies by 94.9% in the first quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 372 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Interpublic Group of Companies in the fourth quarter valued at approximately $29,000. Authentikos Wealth Advisory LLC bought a new position in shares of Interpublic Group of Companies in the third quarter valued at approximately $33,000. Finally, Resurgent Financial Advisors LLC bought a new position in shares of Interpublic Group of Companies in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on IPG shares. Barclays raised their target price 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. Wells Fargo & Company raised their target price on Interpublic Group of Companies from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. UBS Group started coverage on Interpublic Group of Companies in a report on Thursday, January 11th. They issued a “neutral” rating and a $36.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $35.25.

Insider Buying and Selling at Interpublic Group of Companies

In other Interpublic Group of Companies news, CAO Christopher F. Carroll sold 18,382 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 42,390 shares in the company, valued at $1,364,958. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Interpublic Group of Companies news, EVP Andrew Bonzani sold 40,468 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 70,431 shares in the company, valued at $2,267,878.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Christopher F. Carroll sold 18,382 shares of Interpublic Group of Companies stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $591,900.40. Following the completion of the transaction, the chief accounting officer now owns 42,390 shares of the company’s stock, valued at $1,364,958. The disclosure for this sale can be found here. Insiders have sold a total of 249,646 shares of company stock worth $8,038,601 over the last ninety days. 0.35% of the stock is currently owned by company insiders.

Interpublic Group of Companies Stock Performance

Shares of Interpublic Group of Companies stock opened at $30.72 on Friday. The business’s fifty day simple moving average is $31.98 and its 200 day simple moving average is $31.28. The firm has a market capitalization of $11.59 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13. The Interpublic Group of Companies, Inc. has a 12 month low of $27.20 and a 12 month high of $40.95. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The business had revenue of $2.59 billion for 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%. Interpublic Group of Companies’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. As a group, analysts anticipate 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. 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 a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 4.30%. Interpublic Group of Companies’s payout ratio is presently 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.