Interpublic Group of Companies (NYSE:IPG) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a research note issued to investors on Friday morning. The firm issued a hold rating on the business services provider’s stock.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. downgraded 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. Bank of America lowered their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $34.00 to $29.00 in a research note on Thursday, September 12th. BNP Paribas cut shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Finally, Barclays dropped their price objective on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $31.71.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock opened at $28.11 on Friday. Interpublic Group of Companies has a 12-month low of $26.88 and a 12-month high of $35.17. The stock has a 50-day simple moving average of $29.52 and a 200 day simple moving average of $30.22. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $10.47 billion, a price-to-earnings ratio of 13.26 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. Interpublic Group of Companies’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 earnings per share. On average, research analysts anticipate that Interpublic Group of Companies will post 2.81 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.70%. Interpublic Group of Companies’s dividend payout ratio is 62.26%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IPG. Allspring Global Investments Holdings LLC boosted its holdings in shares of Interpublic Group of Companies by 14.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 25,188 shares of the business services provider’s stock valued at $733,000 after buying an additional 3,127 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Interpublic Group of Companies by 4.9% during the 2nd quarter. UMB Bank n.a. now owns 10,081 shares of the business services provider’s stock worth $293,000 after purchasing an additional 474 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Interpublic Group of Companies by 2.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,120,076 shares of the business services provider’s stock valued at $61,672,000 after purchasing an additional 41,939 shares during the period. KCM Investment Advisors LLC lifted its stake in Interpublic Group of Companies by 10.3% in the 2nd quarter. KCM Investment Advisors LLC now owns 9,122 shares of the business services provider’s stock valued at $265,000 after purchasing an additional 850 shares during the last quarter. Finally, iA Global Asset Management Inc. grew its holdings in Interpublic Group of Companies by 8.8% during the second quarter. iA Global Asset Management Inc. now owns 8,122 shares of the business services provider’s stock worth $236,000 after purchasing an additional 654 shares during the period. 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.