Parcion Private Wealth LLC Has $4.73 Million Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Parcion Private Wealth LLC grew its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,723 shares of the business services provider’s stock after purchasing an additional 7,842 shares during the period. Parcion Private Wealth LLC’s holdings in Interpublic Group of Companies were worth $4,728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp increased its holdings in Interpublic Group of Companies by 15.1% during the third quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock worth $943,993,000 after buying an additional 3,920,975 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in Interpublic Group of Companies by 240.9% during the third quarter. Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider’s stock worth $913,000 after buying an additional 20,395 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Interpublic Group of Companies by 2,679.9% during the third quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider’s stock worth $965,000 after buying an additional 29,425 shares during the last quarter. ING Groep NV acquired a new position in Interpublic Group of Companies during the third quarter worth $1,589,000. Finally, Bridgewater Associates LP increased its holdings in Interpublic Group of Companies by 956.5% during the third quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider’s stock worth $3,313,000 after buying an additional 94,821 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IPG has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of Interpublic Group of Companies in a research report on Thursday, February 13th. They set a “hold” rating for the company. UBS Group raised shares of Interpublic Group of Companies from a “sell” rating to a “neutral” rating and reduced their target price for the company from $29.00 to $27.00 in a research report on Thursday, February 13th. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Friday, January 10th. Finally, Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $32.00 to $36.00 in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and an average price target of $33.50.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock opened at $27.57 on Thursday. The business has a 50 day moving average of $28.13 and a 200-day moving average of $29.75. The Interpublic Group of Companies, Inc. has a 1 year low of $26.30 and a 1 year high of $35.17. The company has a market capitalization of $10.27 billion, a P/E ratio of 15.06 and a beta of 1.11. 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 announced its earnings results 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%. On average, equities research analysts predict that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Monday, March 3rd. Interpublic Group of Companies’s payout ratio is 72.13%.

Interpublic Group of Companies declared that its board has initiated a share repurchase program on Wednesday, February 12th that allows the company to buyback $155.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.