Intrust Bank NA Has $795,000 Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Intrust Bank NA lifted its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 8.6% during the fourth quarter, Holdings Channel reports. The fund owned 24,352 shares of the business services provider’s stock after acquiring an additional 1,924 shares during the quarter. Intrust Bank NA’s holdings in Interpublic Group of Companies were worth $795,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IPG. Black Creek Investment Management Inc. grew its position in shares of Interpublic Group of Companies by 14.1% in the third quarter. Black Creek Investment Management Inc. now owns 9,722,563 shares of the business services provider’s stock valued at $278,649,000 after purchasing an additional 1,204,630 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Interpublic Group of Companies by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,291,211 shares of the business services provider’s stock valued at $266,286,000 after buying an additional 167,810 shares during the last quarter. Boston Partners grew its holdings in Interpublic Group of Companies by 5.2% in the 3rd quarter. Boston Partners now owns 8,385,274 shares of the business services provider’s stock valued at $240,317,000 after buying an additional 414,110 shares during the last quarter. American Century Companies Inc. increased its position in Interpublic Group of Companies by 24.6% in the 3rd quarter. American Century Companies Inc. now owns 4,635,459 shares of the business services provider’s stock worth $132,852,000 after buying an additional 916,574 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Interpublic Group of Companies by 5.6% in the third quarter. PNC Financial Services Group Inc. now owns 3,038,225 shares of the business services provider’s stock valued at $87,076,000 after acquiring an additional 160,312 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Price Performance

Shares of Interpublic Group of Companies stock opened at $30.44 on Wednesday. The firm has a market cap of $11.49 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 2.29 and a beta of 1.13. The firm’s 50-day simple moving average is $31.83 and its 200-day simple moving average is $31.42. The Interpublic Group of Companies, Inc. has a twelve month low of $27.20 and a twelve month high of $40.95. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.06.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.36 EPS for the quarter, topping 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 firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, research analysts expect that The Interpublic Group of Companies, Inc. will post 2.78 EPS for the current fiscal year.

Interpublic Group of Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.33 dividend. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.32 annualized dividend and a yield of 4.34%. Interpublic Group of Companies’s payout ratio is currently 46.98%.

Insider Buying and Selling at Interpublic Group of Companies

In other Interpublic Group of Companies news, EVP Andrew Bonzani sold 40,468 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total transaction of $1,303,069.60. Following the completion of the transaction, the executive vice president now directly owns 70,431 shares in the company, valued at $2,267,878.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Ellen Tobi Johnson sold 40,393 shares of Interpublic Group of Companies 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 $1,300,654.60. Following the completion of the transaction, the chief financial officer now owns 88,350 shares in the company, valued at $2,844,870. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew Bonzani sold 40,468 shares of the business’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 completion of the transaction, the executive vice president now directly owns 70,431 shares in the company, valued at $2,267,878.20. The disclosure for this sale can be found here. Insiders have sold 249,646 shares of company stock worth $8,038,601 over the last three months. Company insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on IPG shares. Wells Fargo & Company dropped their target price on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 25th. Barclays raised their price target on shares of 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. UBS Group began coverage on shares of 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, 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 report on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.13.

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.