Intrust Bank NA Has $558,000 Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Intrust Bank NA decreased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,914 shares of the business services provider’s stock after selling 2,416 shares during the period. Intrust Bank NA’s holdings in Interpublic Group of Companies were worth $558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Allstate Corp bought a new position in shares of Interpublic Group of Companies in the 4th quarter valued at $322,000. DnB Asset Management AS grew its position in Interpublic Group of Companies by 2.2% in the fourth quarter. DnB Asset Management AS now owns 65,210 shares of the business services provider’s stock valued at $1,827,000 after acquiring an additional 1,379 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Interpublic Group of Companies by 0.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 117,333 shares of the business services provider’s stock worth $3,288,000 after acquiring an additional 611 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Interpublic Group of Companies during the fourth quarter worth about $609,000. Finally, Norges Bank bought a new position in shares of Interpublic Group of Companies in the fourth quarter worth about $17,884,000. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Price Performance

Interpublic Group of Companies stock opened at $26.29 on Friday. The stock’s 50 day moving average is $27.40 and its 200 day moving average is $28.92. The Interpublic Group of Companies, Inc. has a one year low of $25.85 and a one year high of $33.05. The firm has a market cap of $9.80 billion, a P/E ratio of 14.37 and a beta of 1.14. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.04). Interpublic Group of Companies had a return on equity of 27.10% and a net margin of 6.45%. As a group, research analysts expect that The Interpublic Group of Companies, Inc. will post 2.66 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 5.02%. Interpublic Group of Companies’s payout ratio is currently 72.13%.

Interpublic Group of Companies declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 12th that authorizes the company to buyback $155.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $32.00 to $39.00 in a report on Monday, January 27th. Barclays raised shares of 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 note on Friday, January 24th. Argus cut Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. StockNews.com assumed coverage on Interpublic Group of Companies in a report on Tuesday, March 25th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $33.50.

Insider Transactions at Interpublic Group of Companies

In other news, CFO Ellen Tobi Johnson sold 21,427 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were 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 owns 143,373 shares of the company’s stock, valued at $3,845,263.86. This trade represents a 13.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.42% of the company’s stock.

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.