The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 12.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 24,232 shares of the business services provider’s stock after selling 3,390 shares during the period. Securian Asset Management Inc.’s holdings in Interpublic Group of Companies were worth $791,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Interpublic Group of Companies by 85.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 229,511 shares of the business services provider’s stock valued at $7,491,000 after acquiring an additional 105,858 shares during the last quarter. BNP Paribas Financial Markets raised its position in Interpublic Group of Companies by 54.3% in the fourth quarter. BNP Paribas Financial Markets now owns 860,103 shares of the business services provider’s stock valued at $28,074,000 after purchasing an additional 302,664 shares during the period. Kingsview Wealth Management LLC acquired a new position in Interpublic Group of Companies during the fourth quarter worth $3,291,000. Vest Financial LLC boosted its position in shares of Interpublic Group of Companies by 30.9% during the fourth quarter. Vest Financial LLC now owns 392,769 shares of the business services provider’s stock worth $12,820,000 after buying an additional 92,692 shares during the period. Finally, abrdn plc grew its stake in shares of Interpublic Group of Companies by 23.1% in the fourth quarter. abrdn plc now owns 488,980 shares of the business services provider’s stock valued at $15,960,000 after buying an additional 91,894 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on 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. Wells Fargo & Company reduced their price target on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 25th. Finally, Barclays upped their target price on shares of Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $35.13.

Insiders Place Their Bets

In related news, CEO Philippe Krakowsky sold 150,403 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $4,842,976.60. Following the transaction, the chief executive officer now directly owns 415,776 shares of the company’s stock, valued at approximately $13,387,987.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Interpublic Group of Companies news, CEO Philippe Krakowsky sold 150,403 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total transaction of $4,842,976.60. Following the transaction, the chief executive officer now owns 415,776 shares of the company’s stock, valued at $13,387,987.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew Bonzani sold 40,468 shares of the business’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 $1,303,069.60. Following the completion of the sale, the executive vice president now directly owns 70,431 shares of the company’s stock, valued at $2,267,878.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 249,646 shares of company stock valued at $8,038,601. 0.42% of the stock is owned by corporate insiders.

Interpublic Group of Companies Trading Down 1.6 %

NYSE IPG opened at $31.48 on Wednesday. The Interpublic Group of Companies, Inc. has a 52 week low of $27.20 and a 52 week high of $40.95. The firm has a 50 day moving average of $31.56 and a two-hundred day moving average of $31.71. The stock has a market capitalization of $11.88 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 2.31 and a beta of 1.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the business earned $0.38 EPS. Interpublic Group of Companies’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, research analysts expect that The Interpublic Group of Companies, Inc. will post 2.8 EPS for the current fiscal year.

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.