Interpublic Group of Companies (NYSE:IPG) Stock Price Down 5.2% - Should You Sell?

Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Get Free Report) were down 5.2% during mid-day trading on Tuesday . The company traded as low as $29.66 and last traded at $29.98. Approximately 951,228 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 3,894,150 shares. The stock had previously closed at $31.62.

Wall Street Analyst Weigh In

Several analysts have issued reports on IPG shares. Barclays cut their target price 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 note on Wednesday, October 2nd. BNP Paribas downgraded shares of Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a research note on Monday, September 30th. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. Bank of America cut their price target on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Finally, UBS Group lowered shares of Interpublic Group of Companies from a "neutral" rating to a "sell" rating and dropped their target price for the company from $34.00 to $29.00 in a report on Thursday, September 12th. Four 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.81.

Interpublic Group of Companies Trading Down 5.8 %

The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The firm's 50-day simple moving average is $31.41 and its 200 day simple moving average is $30.76. The stock has a market cap of $11.24 billion, a P/E ratio of 10.60, a PEG ratio of 5.18 and a beta of 1.09.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released 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 return on equity of 27.98% and a net margin of 9.46%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the company posted $0.70 earnings per share. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.83 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies's payout ratio is 46.98%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IPG. Wellington Management Group LLP lifted its holdings in Interpublic Group of Companies by 41.2% during the 4th quarter. Wellington Management Group LLP now owns 886,121 shares of the business services provider's stock valued at $28,923,000 after buying an additional 258,725 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Interpublic Group of Companies during the 4th quarter worth $252,000. Ballentine Partners LLC increased its stake in Interpublic Group of Companies by 10.3% in the 1st quarter. Ballentine Partners LLC now owns 12,867 shares of the business services provider's stock valued at $420,000 after buying an additional 1,200 shares during the period. Security National Bank grew its holdings in Interpublic Group of Companies by 3.5% in the first quarter. Security National Bank now owns 155,639 shares of the business services provider's stock valued at $5,079,000 after purchasing an additional 5,195 shares during the last quarter. Finally, Sound Income Strategies LLC increased its stake in Interpublic Group of Companies by 495,500.0% in the first quarter. Sound Income Strategies LLC now owns 227,976 shares of the business services provider's stock valued at $7,439,000 after purchasing an additional 227,930 shares during the last quarter. 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.