Amundi Has $150.39 Million Stock Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Amundi increased its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 133.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,402,201 shares of the business services provider’s stock after buying an additional 3,089,387 shares during the period. Amundi owned 1.45% of Interpublic Group of Companies worth $150,393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp lifted its position in Interpublic Group of Companies by 15.1% during the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock worth $943,993,000 after buying an additional 3,920,975 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Interpublic Group of Companies by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,938,530 shares of the business services provider’s stock worth $362,538,000 after buying an additional 511,607 shares in the last quarter. Geode Capital Management LLC lifted its position in Interpublic Group of Companies by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock worth $298,107,000 after buying an additional 81,265 shares in the last quarter. Pacer Advisors Inc. lifted its position in Interpublic Group of Companies by 25,637.0% during the 4th quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider’s stock valued at $207,439,000 after purchasing an additional 7,374,491 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Interpublic Group of Companies by 10.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,402,349 shares of the business services provider’s stock valued at $139,246,000 after purchasing an additional 417,741 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Insider Buying and Selling

In related news, CFO Ellen Tobi Johnson sold 21,427 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was 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 directly owns 143,373 shares of the company’s stock, valued at approximately $3,845,263.86. This represents a 13.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is owned by company insiders.

Interpublic Group of Companies Stock Performance

Shares of NYSE:IPG opened at $28.22 on Tuesday. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 15.42 and a beta of 1.14. The firm’s 50 day simple moving average is $27.75 and its 200 day simple moving average is $29.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The Interpublic Group of Companies, Inc. has a fifty-two week low of $26.15 and a fifty-two week high of $35.17.

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 for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

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

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 4.68%. Interpublic Group of Companies’s payout ratio is 72.13%.

Analyst Ratings Changes

A number of research firms have issued reports on IPG. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. StockNews.com began coverage on shares of Interpublic Group of Companies in a research report on Sunday. They set a “hold” rating on the stock. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Friday, January 10th. UBS Group upgraded shares of Interpublic Group of Companies from a “sell” rating to a “neutral” rating and cut their target price for the company from $29.00 to $27.00 in a research report on Thursday, February 13th. Finally, Argus downgraded shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $33.50.

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.