Brokerages Set Interpublic Group of Companies, Inc. (The) (NYSE:IPG) PT at $32.01

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $32.0143.

IPG has been the topic of several research analyst reports. Wall Street Zen raised shares of Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. UBS Group dropped their price target on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Finally, Barclays downgraded Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $34.00 to $27.50 in a research report on Wednesday, June 25th.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $25.97 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50-day moving average of $25.68 and a 200-day moving average of $25.24. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 22.01 and a beta of 1.09. Interpublic Group of Companies has a fifty-two week low of $22.51 and a fifty-two week high of $33.05.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.55 by $0.20. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%.The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. As a group, sell-side analysts predict that Interpublic Group of Companies will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.32 annualized dividend and a dividend yield of 5.1%. Interpublic Group of Companies’s payout ratio is currently 111.86%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. raised its holdings in shares of Interpublic Group of Companies by 11.4% during the fourth quarter. Baird Financial Group Inc. now owns 82,564 shares of the business services provider’s stock valued at $2,313,000 after purchasing an additional 8,434 shares during the period. Cetera Investment Advisers increased its stake in Interpublic Group of Companies by 52.5% during the 4th quarter. Cetera Investment Advisers now owns 106,853 shares of the business services provider’s stock valued at $2,994,000 after purchasing an additional 36,803 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Interpublic Group of Companies during the fourth quarter worth $422,000. Deutsche Bank AG lifted its stake in shares of Interpublic Group of Companies by 18.9% in the fourth quarter. Deutsche Bank AG now owns 3,765,870 shares of the business services provider’s stock valued at $105,520,000 after buying an additional 597,488 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of Interpublic Group of Companies during the fourth quarter valued at about $570,000. 98.43% of the stock is owned by institutional investors and hedge funds.

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.