Brown Financial Advisors Has $455,000 Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Brown Financial Advisors raised its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,256 shares of the business services provider’s stock after buying an additional 1,117 shares during the period. Brown Financial Advisors’ holdings in Interpublic Group of Companies were worth $455,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. State Street Corp boosted its position in Interpublic Group of Companies by 15.1% in the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after buying an additional 3,920,975 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Interpublic Group of Companies by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock valued at $393,064,000 after purchasing an additional 270,857 shares during the period. Geode Capital Management LLC boosted its stake in shares of Interpublic Group of Companies by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock valued at $298,107,000 after purchasing an additional 81,265 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of 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 worth $207,439,000 after buying an additional 7,374,491 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Interpublic Group of Companies by 10.5% during the third 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 worth $139,246,000 after buying an additional 417,741 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Interpublic Group of Companies Trading Up 1.8 %

IPG opened at $27.56 on Tuesday. 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 $26.30 and a fifty-two week high of $35.17. The company’s 50 day moving average price is $28.03 and its two-hundred day moving average price is $29.72. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 15.06 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG) last released its 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, research analysts predict 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 initiated a stock repurchase program on Wednesday, February 12th that permits the company to repurchase $155.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 1.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Interpublic Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given 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 dividend yield of 4.79%. Interpublic Group of Companies’s payout ratio is presently 72.13%.

Analysts Set New Price Targets

IPG has been the subject of a number of analyst reports. Argus lowered shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Barclays upgraded Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock 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 price target on the stock in a research note on Friday, January 10th. Finally, StockNews.com assumed coverage on shares of Interpublic Group of Companies in a research report on Friday. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.