Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG – Get Free Report) have been given a consensus recommendation of “Reduce” by the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $31.71.
A number of equities research analysts have commented on the stock. StockNews.com raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. Macquarie reaffirmed a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. BNP Paribas downgraded shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Finally, Bank of America reduced their target price 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.
View Our Latest Research Report on Interpublic Group of Companies
Interpublic Group of Companies Stock Up 0.4 %
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 EPS for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. Interpublic Group of Companies’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.70 EPS. Equities analysts predict that Interpublic Group of Companies will post 2.81 EPS for the current fiscal year.
Interpublic Group of Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio is currently 62.26%.
Institutional Trading of Interpublic Group of Companies
Hedge funds and other institutional investors have recently modified their holdings of the company. Benjamin Edwards Inc. boosted its stake 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 worth $26,000 after purchasing an additional 375 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Interpublic Group of Companies in the third quarter worth $26,000. Hazlett Burt & Watson Inc. boosted its position in shares of 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. International Assets Investment Management LLC purchased a new position in Interpublic Group of Companies during the second quarter valued at $32,000. Finally, Ashton Thomas Securities LLC bought a new stake in Interpublic Group of Companies in the 3rd quarter valued at $32,000. 98.43% of the stock is owned by hedge funds and other institutional investors.
About Interpublic Group of Companies
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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