The Interpublic Group of Companies, Inc. (NYSE:IPG) Short Interest Update

The Interpublic Group of Companies, Inc. (NYSE:IPG - Get Free Report) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 26,160,000 shares, a decline of 5.7% from the October 15th total of 27,730,000 shares. Based on an average daily trading volume, of 3,610,000 shares, the short-interest ratio is presently 7.2 days. Approximately 7.1% of the company's shares are short sold.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IPG. UBS Group cut shares of Interpublic Group of Companies from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. Macquarie restated a "neutral" rating and set a $31.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. StockNews.com upgraded shares of Interpublic Group of Companies from a "sell" rating to a "hold" rating in a report on Saturday, November 9th. BNP Paribas lowered shares of Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a report on Monday, September 30th. Finally, Morgan Stanley lowered shares of Interpublic Group of Companies from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $34.00 to $28.00 in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $30.57.

Interpublic Group of Companies Stock Up 1.6 %

Shares of Interpublic Group of Companies stock traded up $0.43 during trading on Monday, reaching $27.53. The company had a trading volume of 6,701,983 shares, compared to its average volume of 3,959,023. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 12.78 and a beta of 1.10. The firm's fifty day moving average is $30.62 and its 200-day moving average is $30.59. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. Interpublic Group of Companies has a fifty-two week low of $26.88 and a fifty-two week high of $35.17.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the business posted $0.70 EPS. The company's revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts anticipate that Interpublic Group of Companies will post 2.82 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Monday, December 2nd. Interpublic Group of Companies's dividend payout ratio is presently 62.26%.

Institutional Investors Weigh In On Interpublic Group of Companies

Institutional investors have recently modified their holdings of the business. State Street Corp grew its position in 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 worth $943,993,000 after purchasing an additional 3,920,975 shares during the last quarter. Millennium Management LLC grew its position in Interpublic Group of Companies by 571.7% in the 2nd quarter. Millennium Management LLC now owns 1,466,376 shares of the business services provider's stock worth $42,657,000 after purchasing an additional 1,248,062 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Interpublic Group of Companies by 19.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider's stock worth $158,157,000 after purchasing an additional 899,332 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Interpublic Group of Companies by 101.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,690,523 shares of the business services provider's stock worth $55,162,000 after purchasing an additional 853,287 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Interpublic Group of Companies by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider's stock worth $199,063,000 after purchasing an additional 828,150 shares during the last quarter. 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.