Interpublic Group of Companies (NYSE:IPG) Now Covered by Analysts at StockNews.com

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

A number of other analysts also recently commented on IPG. JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. UBS Group cut Interpublic Group of Companies from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Barclays reduced their price objective on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Finally, BNP Paribas cut shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Monday, September 30th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.71.

Interpublic Group of Companies Stock Performance

Shares of IPG stock opened at $28.13 on Friday. The firm has a market capitalization of $10.48 billion, a P/E ratio of 13.27 and a beta of 1.11. Interpublic Group of Companies has a 1 year low of $26.88 and a 1 year high of $35.17. The firm’s fifty day simple moving average is $29.30 and its 200 day simple moving average is $30.16. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

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

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.69%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies’s payout ratio is 62.26%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC boosted its stake in Interpublic Group of Companies by 2.0% in the second quarter. Commonwealth Equity Services LLC now owns 50,523 shares of the business services provider’s stock worth $1,470,000 after purchasing an additional 1,002 shares in the last quarter. Natixis Advisors LLC lifted its position in Interpublic Group of Companies by 87.3% during the 2nd quarter. Natixis Advisors LLC now owns 269,186 shares of the business services provider’s stock worth $7,831,000 after buying an additional 125,505 shares in the last quarter. Larson Financial Group LLC increased its position in Interpublic Group of Companies by 11.1% in the 2nd quarter. Larson Financial Group LLC now owns 6,592 shares of the business services provider’s stock valued at $192,000 after acquiring an additional 659 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Interpublic Group of Companies by 5.8% in the second quarter. TD Asset Management Inc now owns 421,364 shares of the business services provider’s stock worth $12,257,000 after acquiring an additional 23,252 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Interpublic Group of Companies by 17.3% during the second quarter. National Bank of Canada FI now owns 103,590 shares of the business services provider’s stock worth $2,909,000 after purchasing an additional 15,273 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

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.