Concurrent Investment Advisors LLC Invests $247,000 in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Concurrent Investment Advisors LLC acquired a new position in The Interpublic Group of Companies, Inc. (NYSE:IPG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,815 shares of the business services provider’s stock, valued at approximately $247,000.

A number of other institutional investors have also made changes to their positions in IPG. Rosenberg Matthew Hamilton grew its stake in shares of Interpublic Group of Companies by 9.7% in the third quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock valued at $131,000 after buying an additional 365 shares in the last quarter. Empirical Finance LLC lifted its stake in Interpublic Group of Companies by 1.3% in the third quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider’s stock valued at $1,031,000 after acquiring an additional 409 shares during the last quarter. West Oak Capital LLC grew its position in shares of Interpublic Group of Companies by 0.8% in the 4th quarter. West Oak Capital LLC now owns 55,595 shares of the business services provider’s stock valued at $1,558,000 after acquiring an additional 435 shares during the period. Allworth Financial LP increased its stake in shares of Interpublic Group of Companies by 75.8% during the 4th quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock worth $31,000 after purchasing an additional 480 shares during the last quarter. Finally, Proactive Wealth Strategies LLC increased its stake in shares of Interpublic Group of Companies by 5.8% during the 4th quarter. Proactive Wealth Strategies LLC now owns 11,094 shares of the business services provider’s stock worth $311,000 after purchasing an additional 607 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com initiated coverage on Interpublic Group of Companies in a research note on Friday, February 21st. They set a “hold” rating for the company. UBS Group raised shares of Interpublic Group of Companies from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $29.00 to $27.00 in a research report on Thursday, February 13th. Barclays raised shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $32.00 to $36.00 in a research report on Friday, January 24th. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and upped their price target for the company from $32.00 to $39.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus target price of $33.50.

Interpublic Group of Companies Trading Up 0.7 %

Shares of IPG stock opened at $27.78 on Wednesday. The Interpublic Group of Companies, Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $35.17. The stock’s fifty day moving average price is $27.95 and its two-hundred day moving average price is $29.68. 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 company has a market cap of $10.35 billion, a PE ratio of 15.18 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.11 earnings per share (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%. Equities analysts predict that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies declared that its Board of Directors has approved a stock buyback program on Wednesday, February 12th that authorizes the company to buyback $155.00 million in outstanding 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 generally a sign that the company’s management believes its shares are undervalued.

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Monday, March 3rd. Interpublic Group of Companies’s payout ratio is 72.13%.

About Interpublic Group of Companies

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.