Bahl & Gaynor Inc. Has $2.98 Million Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Bahl & Gaynor Inc. boosted its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,161 shares of the business services provider’s stock after buying an additional 1,369 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Interpublic Group of Companies were worth $2,975,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IPG. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Interpublic Group of Companies in the fourth quarter valued at about $29,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Interpublic Group of Companies in the third quarter valued at about $33,000. Tobam lifted 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 buying an additional 1,053 shares during the period. First Command Advisory Services Inc. bought a new stake in shares of Interpublic Group of Companies in the third quarter valued at about $43,000. Finally, MCF Advisors LLC bought a new stake in shares of Interpublic Group of Companies in the fourth quarter valued at about $43,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IPG has been the subject of several research reports. JPMorgan Chase & Co. reduced their target price on shares of Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Barclays increased their target price on shares of Interpublic Group of Companies from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Wells Fargo & Company reduced their target price 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 note on Thursday. Finally, UBS Group initiated 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 target price for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Interpublic Group of Companies has a consensus rating of “Hold” and an average price target of $35.13.

Insider Activity at Interpublic Group of Companies

In other Interpublic Group of Companies news, EVP Andrew Bonzani sold 40,468 shares of Interpublic Group of Companies stock in a transaction 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 completion of the sale, the executive vice president now owns 70,431 shares of the company’s stock, valued at approximately $2,267,878.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Interpublic Group of Companies news, CEO Philippe Krakowsky sold 150,403 shares of Interpublic Group of Companies stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total transaction of $4,842,976.60. Following the completion of the sale, the chief executive officer now owns 415,776 shares of the company’s stock, valued at approximately $13,387,987.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Bonzani sold 40,468 shares of Interpublic Group of Companies stock in a transaction on Tuesday, February 27th. The stock was 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 directly owns 70,431 shares of the company’s stock, valued at approximately $2,267,878.20. The disclosure for this sale can be found here. Insiders sold a total of 249,646 shares of company stock valued at $8,038,601 over the last quarter. Corporate insiders own 0.42% of the company’s stock.

Interpublic Group of Companies Stock Up 1.0 %

Shares of IPG opened at $31.47 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 2.28 and a beta of 1.13. The company has a 50-day moving average price of $31.89 and a two-hundred day moving average price of $31.37. The Interpublic Group of Companies, Inc. has a 12 month low of $27.20 and a 12 month high of $40.95.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. Equities analysts predict that The Interpublic Group of Companies, Inc. will post 2.77 EPS for the current fiscal year.

Interpublic Group of Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.19%. This is a positive change 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%.

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.