Interpublic Group of Companies (NYSE:IPG) Earns “Neutral” Rating from Macquarie

Macquarie reiterated their neutral rating on shares of Interpublic Group of Companies (NYSE:IPG) in a report published on Tuesday, Benzinga reports. Macquarie currently has a $31.00 price target on the business services provider’s stock.

Other analysts have also issued reports about the stock. Barclays decreased their price target on shares of Interpublic Group of Companies from $34.00 to $32.50 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. BNP Paribas lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Monday, September 30th. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Morgan Stanley cut Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $34.00 to $28.00 in a research report on Monday, July 22nd. Finally, Bank of America reduced their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.81.

Interpublic Group of Companies Price Performance

NYSE IPG opened at $29.78 on Tuesday. The stock has a 50-day simple moving average of $31.39 and a 200 day simple moving average of $30.75. Interpublic Group of Companies has a twelve month low of $27.53 and a twelve month high of $35.17. The stock has a market capitalization of $11.24 billion, a PE ratio of 10.60, a P/E/G ratio of 5.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 earnings per share. Research analysts anticipate that Interpublic Group of Companies will post 2.83 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a dividend yield of 4.43%. Interpublic Group of Companies’s dividend payout ratio is presently 46.98%.

Institutional Investors Weigh In On Interpublic Group of Companies

Several large investors have recently made changes to their positions in the company. Benjamin Edwards Inc. increased its holdings in shares of Interpublic Group of Companies by 73.8% during the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after buying an additional 375 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in Interpublic Group of Companies by 652.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 900 shares in the last quarter. International Assets Investment Management LLC bought a new position in Interpublic Group of Companies in the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its stake in Interpublic Group of Companies by 52.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $38,000 after purchasing an additional 405 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in Interpublic Group of Companies during the 2nd quarter worth about $39,000. 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.