OMERS ADMINISTRATION Corp Has $446,000 Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

OMERS ADMINISTRATION Corp lifted its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 19.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,900 shares of the business services provider’s stock after acquiring an additional 2,640 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Interpublic Group of Companies were worth $446,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of IPG. Allworth Financial LP boosted its holdings in Interpublic Group of Companies by 75.8% in the 4th quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 480 shares during the period. OFI Invest Asset Management acquired a new position in shares of Interpublic Group of Companies during the fourth quarter valued at about $36,000. GeoWealth Management LLC lifted its stake in shares of Interpublic Group of Companies by 20.7% in the fourth quarter. GeoWealth Management LLC now owns 3,341 shares of the business services provider’s stock valued at $94,000 after buying an additional 573 shares during the period. Parvin Asset Management LLC acquired a new stake in Interpublic Group of Companies during the fourth quarter worth about $102,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Interpublic Group of Companies during the fourth quarter worth about $141,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on IPG shares. StockNews.com started coverage on Interpublic Group of Companies in a report on Monday, May 12th. They issued a “hold” rating for the company. Argus lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. UBS Group raised Interpublic Group of Companies from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $29.00 to $27.00 in a research report on Thursday, February 13th. Barclays decreased their price target on shares of Interpublic Group of Companies from $36.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $32.00 to $39.00 in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies has a consensus rating of “Hold” and an average target price of $33.44.

Interpublic Group of Companies Stock Up 1.2%

NYSE:IPG opened at $25.48 on Monday. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 13.92 and a beta of 1.09. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty day moving average price is $25.16 and its two-hundred day moving average price is $27.31. The Interpublic Group of Companies, Inc. has a 52-week low of $22.51 and a 52-week high of $33.05.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.98 billion. Interpublic Group of Companies had a return on equity of 27.10% and a net margin of 6.45%. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies announced that its Board of Directors has approved a share repurchase program on Wednesday, February 12th that authorizes the company to buyback $155.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Interpublic Group of Companies

In other Interpublic Group of Companies news, CFO Ellen Tobi Johnson sold 21,427 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $26.82, for a total transaction of $574,672.14. Following the completion of the sale, the chief financial officer now owns 143,373 shares in the company, valued at approximately $3,845,263.86. The trade was a 13.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Interpublic Group of Companies Company 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.