The Interpublic Group of Companies, Inc. (NYSE:IPG) Given Average Rating of “Hold” by Analysts

Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) have been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $34.13.

IPG has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. JPMorgan Chase & Co. reduced their target price on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Macquarie reduced their target price on Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Barclays reduced their target price on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Finally, Morgan Stanley downgraded Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $34.00 to $28.00 in a report on Monday, July 22nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Marino Stram & Associates LLC raised its position in Interpublic Group of Companies by 1.2% during the 4th quarter. Marino Stram & Associates LLC now owns 26,654 shares of the business services provider’s stock worth $870,000 after purchasing an additional 315 shares during the last quarter. UMB Bank n.a. raised its position in shares of Interpublic Group of Companies by 3.5% in the 1st quarter. UMB Bank n.a. now owns 9,607 shares of the business services provider’s stock worth $313,000 after acquiring an additional 321 shares in the last quarter. Bleakley Financial Group LLC raised its position in shares of Interpublic Group of Companies by 4.6% in the 4th quarter. Bleakley Financial Group LLC now owns 7,364 shares of the business services provider’s stock worth $240,000 after acquiring an additional 327 shares in the last quarter. Simplicity Solutions LLC raised its position in shares of Interpublic Group of Companies by 4.6% in the 4th quarter. Simplicity Solutions LLC now owns 7,364 shares of the business services provider’s stock worth $240,000 after acquiring an additional 327 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC raised its position in shares of Interpublic Group of Companies by 3.3% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 10,923 shares of the business services provider’s stock worth $356,000 after acquiring an additional 347 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Price Performance

Interpublic Group of Companies stock opened at $30.44 on Friday. The stock’s fifty day moving average price is $29.86 and its two-hundred day moving average price is $31.16. Interpublic Group of Companies has a one year low of $27.20 and a one year high of $35.17. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06. The firm has a market cap of $11.49 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 3.29 and a beta of 1.12.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the company earned $0.74 EPS. The company’s revenue was up 1.6% on a year-over-year basis. As a group, research analysts expect that Interpublic Group of Companies will post 2.8 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio is currently 46.98%.

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.