StockNews.com Begins Coverage on Interpublic Group of Companies (NYSE:IPG)

StockNews.com assumed coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a report published on Monday. The brokerage issued a hold rating on the business services provider’s stock.

A number of other equities analysts have also issued reports on the company. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, January 10th. Macquarie reiterated a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Barclays lowered their target price on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. Finally, Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.50.

Interpublic Group of Companies Trading Up 0.0 %

NYSE:IPG opened at $28.22 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. Interpublic Group of Companies has a one year low of $26.30 and a one year high of $35.17. The business’s 50-day simple moving average is $28.77 and its 200 day simple moving average is $30.05. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 13.31 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. As a group, sell-side analysts predict that Interpublic Group of Companies will post 2.81 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 4.68%. Interpublic Group of Companies’s payout ratio is presently 62.26%.

Institutional Trading of Interpublic Group of Companies

Several institutional investors and hedge funds have recently bought and sold shares of IPG. Pacer Advisors Inc. grew its position in Interpublic Group of Companies by 25,637.0% during the fourth quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider’s stock worth $207,439,000 after buying an additional 7,374,491 shares in the last quarter. State Street Corp lifted its stake in shares of Interpublic Group of Companies by 15.1% in the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after acquiring an additional 3,920,975 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Interpublic Group of Companies by 571.7% in the 2nd quarter. Millennium Management LLC now owns 1,466,376 shares of the business services provider’s stock valued at $42,657,000 after acquiring an additional 1,248,062 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Interpublic Group of Companies by 168.3% in the 2nd quarter. Squarepoint Ops LLC now owns 831,434 shares of the business services provider’s stock valued at $24,186,000 after acquiring an additional 521,546 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Interpublic Group of Companies by 177.3% during the 3rd quarter. SG Americas Securities LLC now owns 705,703 shares of the business services provider’s stock worth $22,321,000 after purchasing an additional 451,205 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

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.