Interpublic Group of Companies (NYSE:IPG) PT Lowered to $32.50 at Barclays

Interpublic Group of Companies (NYSE:IPG - Free Report) had its price objective trimmed by Barclays from $34.00 to $32.50 in a research note released on Wednesday morning, Benzinga reports. The firm currently has an equal weight rating on the business services provider's stock.

Several other analysts have also recently commented on IPG. Macquarie reduced their price target on Interpublic Group of Companies from $33.00 to $31.00 and set a neutral rating for the company in a report on Thursday, July 25th. UBS Group cut Interpublic Group of Companies from a neutral rating to a sell rating and cut their price objective for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. BNP Paribas lowered shares of Interpublic Group of Companies from a neutral rating to an underperform rating in a research report on Monday. Bank of America lowered their price target on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a buy rating on the stock in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an overweight rating to a neutral rating and reduced their price objective for the company from $36.00 to $33.00 in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Interpublic Group of Companies currently has an average rating of Hold and a consensus target price of $32.44.

Interpublic Group of Companies Stock Performance

NYSE:IPG traded down $0.15 during midday trading on Wednesday, reaching $31.07. The stock had a trading volume of 3,605,678 shares, compared to its average volume of 3,907,141. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. The stock has a market cap of $11.73 billion, a P/E ratio of 11.06, a P/E/G ratio of 5.23 and a beta of 1.10. The firm has a fifty day simple moving average of $31.24 and a two-hundred day simple moving average of $30.88. Interpublic Group of Companies has a 12-month low of $27.20 and a 12-month high of $35.17.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.02. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.33 billion. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The business's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 earnings per share. On average, equities analysts expect that Interpublic Group of Companies will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Tuesday, September 3rd. Interpublic Group of Companies's payout ratio is currently 46.98%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Benjamin Edwards Inc. lifted its holdings in Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider's stock valued at $26,000 after purchasing an additional 375 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in Interpublic Group of Companies by 652.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider's stock worth $30,000 after acquiring an additional 900 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new stake in Interpublic Group of Companies in the 4th quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new position in Interpublic Group of Companies in the 2nd quarter valued at $32,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Interpublic Group of Companies by 52.5% during the 2nd 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 during the period. 98.43% of the stock is currently 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.