Trexquant Investment LP Bought New Holding in Interpublic Group of Companies Inc (IPG)

Trexquant Investment LP Bought New Holding in Interpublic Group of Companies Inc (IPG)

Trexquant Investment LP purchased a new position in shares of Interpublic Group of Companies Inc (NYSE:IPG) during the first quarter, Holdings Channel reports. The institutional investor purchased 16,300 shares of the business services provider’s stock, valued at approximately $400,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp increased its position in shares of Interpublic Group of Companies by 12.7% in the fourth quarter. Van ECK Associates Corp now owns 5,176 shares of the business services provider’s stock worth $121,000 after buying an additional 582 shares in the last quarter. First Bank & Trust acquired a new position in shares of Interpublic Group of Companies during the first quarter worth $140,000. SRB Corp increased its position in shares of Interpublic Group of Companies by 15.2% in the third quarter. SRB Corp now owns 6,851 shares of the business services provider’s stock worth $153,000 after buying an additional 902 shares in the last quarter. Robecosam AG increased its position in shares of Interpublic Group of Companies by 6.7% in the third quarter. Robecosam AG now owns 7,200 shares of the business services provider’s stock worth $159,000 after buying an additional 450 shares in the last quarter. Finally, IFM Investors Pty Ltd acquired a new position in shares of Interpublic Group of Companies during the fourth quarter worth $203,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Shares of Interpublic Group of Companies Inc (NYSE IPG) traded up 0.24% during mid-day trading on Friday, hitting $25.21. The company’s stock had a trading volume of 2,258,914 shares. The company has a 50-day moving average price of $24.46 and a 200-day moving average price of $24.10. The stock has a market cap of $9.96 billion, a PE ratio of 16.39 and a beta of 1.60. Interpublic Group of Companies Inc has a 1-year low of $21.67 and a 1-year high of $25.34.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Friday, April 21st. The business services provider reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Interpublic Group of Companies had a return on equity of 28.31% and a net margin of 7.76%. The business’s revenue for the quarter was up .7% on a year-over-year basis. Analysts predict that Interpublic Group of Companies Inc will post $1.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 19th. Shareholders of record on Monday, June 5th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, June 1st. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 40.27%.

A number of research analysts have recently weighed in on IPG shares. BMO Capital Markets reiterated a “buy” rating and set a $27.00 price target on shares of Interpublic Group of Companies in a report on Monday, April 17th. Bank of America Corp started coverage on Interpublic Group of Companies in a research note on Thursday, March 2nd. They issued a “buy” rating and a $28.00 target price on the stock. Zacks Investment Research upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, February 15th. Wells Fargo & Co restated a “buy” rating on shares of Interpublic Group of Companies in a research note on Wednesday, April 12th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $29.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $27.17.

In other Interpublic Group of Companies news, Director Dawn E. Hudson sold 12,000 shares of the stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $24.22, for a total transaction of $290,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.75% of the stock is currently owned by corporate insiders.

About Interpublic Group of Companies

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “IPG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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