The Interpublic Group of Companies, Inc. (NYSE:IPG) Given … – MarketBeat

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The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating) has earned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $36.25.
A number of equities analysts recently commented on IPG shares. Bank of America upgraded Interpublic Group of Companies from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $22.00 to $36.00 in a report on Thursday. Barclays reduced their price objective on Interpublic Group of Companies from €35.00 ($37.23) to €33.00 ($35.11) and set an “equal weight” rating for the company in a report on Friday, September 16th. Morgan Stanley boosted their price objective on Interpublic Group of Companies from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, December 19th. Finally, StockNews.com assumed coverage on Interpublic Group of Companies in a report on Wednesday, October 12th. They set a “hold” rating for the company.

Institutional Investors Weigh In On Interpublic Group of Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in IPG. First Trust Advisors LP raised its position in shares of Interpublic Group of Companies by 1,196.9% in the first quarter. First Trust Advisors LP now owns 6,280,702 shares of the business services provider’s stock valued at $222,651,000 after buying an additional 5,796,432 shares in the last quarter. Bank of New York Mellon Corp raised its position in Interpublic Group of Companies by 26.9% during the third quarter. Bank of New York Mellon Corp now owns 13,082,339 shares of the business services provider’s stock valued at $334,910,000 after purchasing an additional 2,774,011 shares in the last quarter. Beutel Goodman & Co Ltd. raised its position in Interpublic Group of Companies by 18.6% during the third quarter. Beutel Goodman & Co Ltd. now owns 6,864,901 shares of the business services provider’s stock valued at $175,741,000 after purchasing an additional 1,075,237 shares in the last quarter. Vanguard Group Inc. raised its position in Interpublic Group of Companies by 2.3% during the first quarter. Vanguard Group Inc. now owns 47,707,617 shares of the business services provider’s stock valued at $1,691,233,000 after purchasing an additional 1,075,059 shares in the last quarter. Finally, Amundi raised its position in Interpublic Group of Companies by 11.8% during the second quarter. Amundi now owns 7,694,955 shares of the business services provider’s stock valued at $211,785,000 after purchasing an additional 814,600 shares in the last quarter. 96.75% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Trading Up 1.3 %

Interpublic Group of Companies stock opened at $35.70 on Friday. Interpublic Group of Companies has a 52 week low of $25.14 and a 52 week high of $39.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $13.87 billion, a P/E ratio of 14.17, a PEG ratio of 8.72 and a beta of 1.08. The stock has a 50-day simple moving average of $32.70 and a 200 day simple moving average of $29.75.
Interpublic Group of Companies (NYSE:IPGGet Rating) last posted its quarterly earnings results on Friday, October 21st. The business services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Interpublic Group of Companies had a return on equity of 28.78% and a net margin of 9.18%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Analysts expect that Interpublic Group of Companies will post 2.74 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were given a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.25%. Interpublic Group of Companies’s payout ratio is 46.03%.

Interpublic Group of Companies Company Profile

(Get Rating)
The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data science services.

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Analyst Recommendations for Interpublic Group of Companies (NYSE:IPG)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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