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

StockNews.com started coverage on shares of Interpublic Group of Companies (NYSE:IPG - Free Report) in a research report report published on Monday. The brokerage issued a hold rating on the business services provider's stock.

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

Interpublic Group of Companies Price Performance

IPG stock opened at $27.84 on Monday. Interpublic Group of Companies has a 1 year low of $26.30 and a 1 year high of $35.17. The stock has a market capitalization of $10.37 billion, a PE ratio of 13.13 and a beta of 1.11. The company's 50-day moving average is $28.83 and its 200-day moving average is $30.06. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting analysts' consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.30 billion. During the same quarter last year, the firm posted $0.70 earnings per share. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts expect that Interpublic Group of Companies will post 2.81 EPS for the current fiscal 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies's payout ratio is currently 62.26%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IPG. State Street Corp boosted 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 purchasing an additional 3,920,975 shares in the last quarter. Millennium Management LLC boosted its position in Interpublic Group of Companies by 571.7% during the second quarter. Millennium Management LLC now owns 1,466,376 shares of the business services provider's stock valued at $42,657,000 after buying an additional 1,248,062 shares during the period. Squarepoint Ops LLC increased its holdings in shares of Interpublic Group of Companies by 168.3% in the second quarter. Squarepoint Ops LLC now owns 831,434 shares of the business services provider's stock worth $24,186,000 after buying an additional 521,546 shares during the period. SG Americas Securities LLC increased its stake in Interpublic Group of Companies by 177.3% in 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 period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Interpublic Group of Companies by 44.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,356,021 shares of the business services provider's stock worth $39,447,000 after buying an additional 417,766 shares during the period. 98.43% of the stock is currently owned by institutional investors.

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.