Frank Rimerman Advisors LLC Purchases 1,498 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Frank Rimerman Advisors LLC raised its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,915 shares of the business services provider’s stock after acquiring an additional 1,498 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Interpublic Group of Companies were worth $390,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Allworth Financial LP boosted its position in Interpublic Group of Companies by 75.8% during the fourth quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 480 shares during the last quarter. OFI Invest Asset Management bought a new stake in Interpublic Group of Companies during the fourth quarter valued at $36,000. Brooklyn Investment Group bought a new stake in Interpublic Group of Companies during the third quarter valued at $60,000. Transamerica Financial Advisors Inc. boosted its position in shares of Interpublic Group of Companies by 243,700.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 2,438 shares of the business services provider’s stock worth $78,000 after purchasing an additional 2,437 shares in the last quarter. Finally, AM Squared Ltd boosted its position in shares of Interpublic Group of Companies by 63.2% during the 3rd quarter. AM Squared Ltd now owns 3,100 shares of the business services provider’s stock worth $98,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $26.47 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 14.46 and a beta of 1.14. The Interpublic Group of Companies, Inc. has a fifty-two week low of $25.93 and a fifty-two week high of $33.29. The firm’s 50-day simple moving average is $27.63 and its 200 day simple moving average is $29.28.

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

Interpublic Group of Companies announced 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 shares. This buyback authorization authorizes the business services provider to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.32 annualized dividend and a yield of 4.99%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 72.13%.

Insider Buying and Selling 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 in the company, valued at $3,845,263.86. This trade represents a 13.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on IPG shares. Argus cut shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. StockNews.com started coverage on shares of Interpublic Group of Companies in a research report on Monday. They set a “hold” rating on the stock. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Friday, January 10th. Finally, Barclays raised shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.50.

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.