The Interpublic Group of Companies, Inc. (NYSE:IPG) Holdings Lifted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 505.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 495,934 shares of the business services provider’s stock after buying an additional 413,994 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Interpublic Group of Companies were worth $16,187,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Interpublic Group of Companies by 85.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 229,511 shares of the business services provider’s stock valued at $7,491,000 after buying an additional 105,858 shares in the last quarter. Vest Financial LLC boosted its position in shares of Interpublic Group of Companies by 30.9% in the 4th quarter. Vest Financial LLC now owns 392,769 shares of the business services provider’s stock valued at $12,820,000 after purchasing an additional 92,692 shares during the period. New York Life Investment Management LLC boosted its position in shares of Interpublic Group of Companies by 32.5% in the 3rd quarter. New York Life Investment Management LLC now owns 99,678 shares of the business services provider’s stock valued at $2,857,000 after purchasing an additional 24,459 shares during the period. UBS Group AG boosted its position in shares of Interpublic Group of Companies by 16.2% in the 3rd quarter. UBS Group AG now owns 338,048 shares of the business services provider’s stock valued at $9,688,000 after purchasing an additional 47,184 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in shares of Interpublic Group of Companies by 212.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 827,224 shares of the business services provider’s stock valued at $23,708,000 after purchasing an additional 562,823 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Up 0.4 %

IPG opened at $30.39 on Friday. 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 business has a 50-day moving average of $31.98 and a 200-day moving average of $31.26. 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 company has a market capitalization of $11.47 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13.

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

Interpublic Group of Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.33 per share. 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 4.34%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.32%.

Insider Transactions at Interpublic Group of Companies

In other news, CEO Philippe Krakowsky sold 150,403 shares of the firm’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Andrew Bonzani sold 40,468 shares of the firm’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 value of $1,303,069.60. Following the transaction, the executive vice president now directly owns 70,431 shares of the company’s stock, valued at approximately $2,267,878.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Philippe Krakowsky sold 150,403 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 $4,842,976.60. Following the completion of the transaction, the chief executive officer now directly owns 415,776 shares in the company, valued at $13,387,987.20. The disclosure for this sale can be found here. Insiders sold 249,646 shares of company stock valued at $8,038,601 in the last three months. Corporate insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Wells Fargo & Company increased their price target on Interpublic Group of Companies from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. UBS Group initiated coverage on Interpublic Group of Companies in a research report on Thursday, January 11th. They set a “neutral” rating and a $36.00 price objective for the company. Finally, Barclays raised their price objective on Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $35.25.

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.