Intrust Bank NA Has $558,000 Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Intrust Bank NA reduced its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,914 shares of the business services provider’s stock after selling 2,416 shares during the period. Intrust Bank NA’s holdings in Interpublic Group of Companies were worth $558,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of Interpublic Group of Companies by 75.8% in the fourth quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock valued at $31,000 after buying an additional 480 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Interpublic Group of Companies in the 4th quarter worth about $36,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Interpublic Group of Companies in the 3rd quarter worth about $107,000. Private Trust Co. NA lifted its position in Interpublic Group of Companies by 39.3% in the 3rd quarter. Private Trust Co. NA now owns 3,991 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 1,125 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in Interpublic Group of Companies by 10.6% during the 4th quarter. CENTRAL TRUST Co now owns 7,037 shares of the business services provider’s stock valued at $197,000 after purchasing an additional 675 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Down 0.4 %

IPG opened at $26.29 on Friday. The Interpublic Group of Companies, Inc. has a twelve month low of $25.85 and a twelve month high of $33.05. The company’s 50-day moving average price is $27.40 and its two-hundred day moving average price is $28.92. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 14.37 and a beta of 1.14. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.11 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.04). Interpublic Group of Companies had a net margin of 6.45% and a return on equity of 27.10%. As a group, equities analysts expect that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 12th that authorizes the company to repurchase $155.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.02%. The ex-dividend date was Monday, March 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 72.13%.

Insider Activity at Interpublic Group of Companies

In related news, CFO Ellen Tobi Johnson sold 21,427 shares of Interpublic Group of Companies stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $26.82, for a total value of $574,672.14. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IPG. Barclays upgraded Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $32.00 to $36.00 in a report on Friday, January 24th. JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $32.00 to $39.00 in a report on Monday, January 27th. Argus downgraded shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, January 10th. Finally, StockNews.com started coverage on shares of Interpublic Group of Companies in a research note on Tuesday, March 25th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $33.50.

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.