Paradigm Financial Partners LLC Cuts Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Paradigm Financial Partners LLC decreased its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,085 shares of the business services provider’s stock after selling 720 shares during the period. Paradigm Financial Partners LLC’s holdings in Interpublic Group of Companies were worth $884,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Interpublic Group of Companies in the fourth quarter valued at approximately $29,000. Tobam boosted its stake in shares of Interpublic Group of Companies by 2,340.0% in the fourth 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. Authentikos Wealth Advisory LLC purchased a new stake in Interpublic Group of Companies during the 3rd quarter worth $33,000. MCF Advisors LLC acquired a new position in Interpublic Group of Companies in the 4th quarter worth $43,000. Finally, First Command Advisory Services Inc. purchased a new position in Interpublic Group of Companies in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analysts Set New Price Targets

IPG has been the subject of a number of analyst reports. Barclays increased their price target on Interpublic Group of Companies from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Wells Fargo & Company decreased their price target on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday. UBS Group assumed coverage on shares of Interpublic Group of Companies in a research note on Thursday, January 11th. They issued a “neutral” rating and a $36.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $35.13.

Interpublic Group of Companies Trading Up 1.0 %

NYSE:IPG opened at $31.47 on Monday. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 2.29 and a beta of 1.13. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.06. The Interpublic Group of Companies, Inc. has a 1 year low of $27.20 and a 1 year high of $40.95. The business has a fifty day moving average of $31.89 and a 200-day moving average of $31.40.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. Interpublic Group of Companies’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. Equities analysts predict that The Interpublic Group of Companies, Inc. will post 2.78 earnings per share for the current year.

Interpublic Group of Companies Increases Dividend

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

Insider Transactions at Interpublic Group of Companies

In related news, CAO Christopher F. Carroll sold 18,382 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Interpublic Group of Companies 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 transaction, the chief accounting officer now directly owns 42,390 shares in the company, valued at $1,364,958. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Andrew Bonzani sold 40,468 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total transaction of $1,303,069.60. Following the sale, the executive vice president now owns 70,431 shares in the company, valued at approximately $2,267,878.20. The disclosure for this sale can be found here. Insiders have sold 249,646 shares of company stock valued at $8,038,601 in the last quarter. Insiders own 0.42% of the company’s stock.

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.