Alaska Permanent Fund Corp Invests $436,000 in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Alaska Permanent Fund Corp acquired a new stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,344 shares of the business services provider’s stock, valued at approximately $436,000.

A number of other hedge funds also recently made changes to their positions in IPG. Turtle Creek Wealth Advisors LLC bought a new stake in Interpublic Group of Companies during the 4th quarter worth approximately $29,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Interpublic Group of Companies in the third quarter worth $33,000. Tobam raised its position in shares of Interpublic Group of Companies by 2,340.0% during the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 1,053 shares during the period. First Command Advisory Services Inc. purchased a new position in shares of Interpublic Group of Companies during the 3rd quarter valued at $43,000. Finally, MCF Advisors LLC purchased a new position in shares of Interpublic Group of Companies during the 4th quarter valued at $43,000. 98.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Interpublic Group of Companies

In other news, CAO Christopher F. Carroll sold 18,382 shares of Interpublic Group of Companies 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 $591,900.40. Following the completion of the transaction, the chief accounting officer now owns 42,390 shares in the company, valued at approximately $1,364,958. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Christopher F. Carroll sold 18,382 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now owns 42,390 shares in the company, valued at approximately $1,364,958. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Philippe Krakowsky sold 150,403 shares of Interpublic Group of Companies 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 transaction, the chief executive officer now directly owns 415,776 shares of the company’s stock, valued at $13,387,987.20. 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. Company insiders own 0.42% of the company’s stock.

Interpublic Group of Companies Stock Up 1.0 %

Shares of IPG opened at $31.47 on Friday. The business’s 50 day simple moving average is $31.89 and its 200-day simple moving average is $31.37. The Interpublic Group of Companies, Inc. has a 1 year low of $27.20 and a 1 year high of $40.95. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 2.28 and a beta of 1.13.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Interpublic Group of Companies’s revenue was down 1.0% on a year-over-year basis. As a group, equities analysts expect that The Interpublic Group of Companies, Inc. will post 2.77 earnings per share for the current fiscal year.

Interpublic Group of Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.33 per share. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 4.19%. The ex-dividend date was Thursday, February 29th. Interpublic Group of Companies’s payout ratio is presently 46.98%.

Analyst Upgrades and Downgrades

A number of research firms have commented on IPG. Wells Fargo & Company decreased their price target on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their target price on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Barclays boosted their price target on Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Finally, UBS Group assumed coverage on shares of Interpublic Group of Companies in a report on Thursday, January 11th. They set a “neutral” rating and a $36.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Interpublic Group of Companies currently has a consensus rating of “Hold” and an average price target of $35.13.

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.