Kaizen Advisory LLC Sells 7,238 Shares of Interpublic Group of Companies Inc (IPG)

Kaizen Advisory LLC lowered its holdings in Interpublic Group of Companies Inc (NYSE:IPG) by 15.5% during the 4th quarter, Holdings Channel reports. The firm owned 39,382 shares of the business services provider’s stock after selling 7,238 shares during the quarter. Kaizen Advisory LLC’s holdings in Interpublic Group of Companies were worth $812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in IPG. Macquarie Group Ltd. boosted its holdings in shares of Interpublic Group of Companies by 2.5% in the fourth quarter. Macquarie Group Ltd. now owns 440,059 shares of the business services provider’s stock worth $9,078,000 after buying an additional 10,658 shares during the period. Hancock Whitney Corp boosted its holdings in shares of Interpublic Group of Companies by 34.8% during the fourth quarter. Hancock Whitney Corp now owns 35,595 shares of the business services provider’s stock worth $734,000 after purchasing an additional 9,184 shares during the period. Legal & General Group Plc lifted its stake in Interpublic Group of Companies by 15.9% in the fourth quarter. Legal & General Group Plc now owns 2,543,047 shares of the business services provider’s stock valued at $52,451,000 after acquiring an additional 349,461 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in Interpublic Group of Companies in the fourth quarter valued at approximately $1,546,000. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in Interpublic Group of Companies by 88.9% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 7,872,024 shares of the business services provider’s stock valued at $162,400,000 after acquiring an additional 3,705,058 shares during the last quarter. 99.62% of the stock is currently owned by institutional investors.

In related news, SVP Andrew Bonzani sold 28,181 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $22.95, for a total transaction of $646,753.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jocelyn Carter-Miller sold 5,800 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $22.46, for a total value of $130,268.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 346,386 shares of company stock valued at $7,946,717. 1.32% of the stock is currently owned by company insiders.



Shares of IPG stock traded down $0.07 on Monday, reaching $21.06. The company had a trading volume of 132,654 shares, compared to its average volume of 5,084,957. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $8.13 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 4.22 and a beta of 1.07. Interpublic Group of Companies Inc has a 12 month low of $19.61 and a 12 month high of $25.77.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Wednesday, February 13th. The business services provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Interpublic Group of Companies had a return on equity of 32.07% and a net margin of 6.37%. Interpublic Group of Companies’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 EPS. As a group, research analysts anticipate that Interpublic Group of Companies Inc will post 1.87 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.235 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.21. This represents a $0.94 dividend on an annualized basis and a dividend yield of 4.46%. Interpublic Group of Companies’s dividend payout ratio is 50.54%.

A number of research firms have recently commented on IPG. Royal Bank of Canada lowered shares of Interpublic Group of Companies from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $28.00 to $24.00 in a research report on Thursday, January 17th. Zacks Investment Research downgraded shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Thursday, November 29th. Finally, Pivotal Research upgraded shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and boosted their target price for the company from $22.00 to $25.00 in a research note on Monday, January 7th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus price target of $25.44.

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Interpublic Group of Companies Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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