Semanteon Capital Management LP Takes $1.26 Million Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Semanteon Capital Management LP purchased a new position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 38,707 shares of the business services provider’s stock, valued at approximately $1,263,000. Interpublic Group of Companies comprises about 0.9% of Semanteon Capital Management LP’s investment portfolio, making the stock its 12th largest holding.

Several other hedge funds have also added to or reduced their stakes in IPG. Turtle Creek Wealth Advisors LLC acquired a new stake in Interpublic Group of Companies during the 4th quarter worth approximately $29,000. Authentikos Wealth Advisory LLC bought a new position in Interpublic Group of Companies during the 3rd quarter worth $33,000. Tobam increased its stake in shares of Interpublic Group of Companies by 2,340.0% in the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 1,053 shares during the last quarter. Ronald Blue Trust Inc. increased its stake in shares of Interpublic Group of Companies by 55.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,513 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 538 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of Interpublic Group of Companies in the 3rd quarter valued at $43,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IPG. JPMorgan Chase & Co. decreased their price target 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. Barclays lifted their price target on 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 cut their price objective on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, UBS Group began coverage on Interpublic Group of Companies in a report on Thursday, January 11th. They set a “neutral” rating and a $36.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Interpublic Group of Companies presently has an average rating of “Hold” and a consensus price target of $35.13.

Insider Activity at Interpublic Group of Companies

In related news, CAO Christopher F. Carroll sold 18,382 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total value of $591,900.40. Following the completion of the sale, the chief accounting officer now directly owns 42,390 shares of the company’s stock, valued at approximately $1,364,958. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Philippe Krakowsky sold 150,403 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total value of $4,842,976.60. Following the completion of the transaction, the chief executive officer now directly owns 415,776 shares of the company’s stock, valued at $13,387,987.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Christopher F. Carroll sold 18,382 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $591,900.40. Following the completion of the transaction, the chief accounting officer now directly owns 42,390 shares of the company’s stock, valued at $1,364,958. The disclosure for this sale can be found here. Insiders sold 249,646 shares of company stock valued at $8,038,601 in the last three months. Corporate insiders own 0.42% of the company’s stock.

Interpublic Group of Companies Trading Down 0.8 %

Shares of NYSE:IPG traded down $0.24 during midday trading on Thursday, reaching $31.16. The company’s stock had a trading volume of 5,301,922 shares, compared to its average volume of 4,084,582. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 2.13 and a beta of 1.13. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50 day moving average price of $31.91 and a two-hundred day moving average price of $31.35. The Interpublic Group of Companies, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $40.95.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.18 billion. Interpublic Group of Companies had a return on equity of 30.52% and a net margin of 10.09%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS. As a group, analysts forecast that The Interpublic Group of Companies, Inc. will post 2.77 earnings per share for the current year.

Interpublic Group of Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.24%. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, February 29th. Interpublic Group of Companies’s payout ratio is presently 46.32%.

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.