StockNews.com started coverage on shares of Interpublic Group of Companies (NYSE:IPG – Free Report) in a report published on Sunday morning. The brokerage issued a hold rating on the business services provider’s stock.
IPG has been the subject of a number of other reports. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. Macquarie reiterated a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. Barclays reduced their price objective on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Finally, BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Friday, January 10th. Two investment 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.com, the company presently has an average rating of “Hold” and an average target price of $32.50.
Read Our Latest Analysis on Interpublic Group of Companies
Interpublic Group of Companies Stock Performance
Interpublic Group of Companies (NYSE:IPG – Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting 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 company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the firm posted $0.70 earnings per share. Interpublic Group of Companies’s revenue was down 2.9% compared to the same quarter last year. As a group, research analysts forecast that Interpublic Group of Companies will post 2.81 earnings per share for the current year.
Interpublic Group of Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 4.83%. Interpublic Group of Companies’s dividend payout ratio is presently 62.26%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of IPG. Catalyst Capital Advisors LLC acquired a new stake in shares of Interpublic Group of Companies during the third quarter worth $26,000. Benjamin Edwards Inc. grew its holdings in Interpublic Group of Companies by 73.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after acquiring an additional 375 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Interpublic Group of Companies in the 3rd quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 405 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of Interpublic Group of Companies during the 2nd quarter valued at about $39,000. 98.43% of the stock is 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.
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