Analysts Set Interpublic Group of Companies, Inc. (The) (NYSE:IPG) PT at $33.44

Shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Get Free Report) have earned an average recommendation of "Hold" from the ten research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $32.72.

Several research analysts have weighed in on the company. Citigroup reissued a "buy" rating and issued a $35.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. Barclays lowered Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $34.00 to $27.50 in a research note on Wednesday. Finally, Wall Street Zen began coverage on Interpublic Group of Companies in a research report on Tuesday, May 20th. They set a "hold" rating on the stock.

Institutional Trading of Interpublic Group of Companies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP grew its holdings in shares of Interpublic Group of Companies by 75.8% in the fourth quarter. Allworth Financial LP now owns 1,113 shares of the business services provider's stock worth $31,000 after acquiring an additional 480 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of Interpublic Group of Companies in the first quarter worth about $31,000. OFI Invest Asset Management purchased a new stake in shares of Interpublic Group of Companies in the fourth quarter worth about $36,000. Raiffeisen Bank International AG purchased a new stake in shares of Interpublic Group of Companies in the fourth quarter worth about $42,000. Finally, FNY Investment Advisers LLC bought a new stake in Interpublic Group of Companies during the first quarter worth approximately $44,000. Institutional investors own 98.43% of the company's stock.

Interpublic Group of Companies Trading Up 0.3%

Shares of IPG stock traded up $0.06 during mid-day trading on Wednesday, reaching $24.30. 9,432,246 shares of the stock traded hands, compared to its average volume of 5,811,874. Interpublic Group of Companies has a 1-year low of $22.51 and a 1-year high of $33.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 18.55 and a beta of 1.06. The stock's fifty day simple moving average is $24.26 and its two-hundred day simple moving average is $26.13.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Interpublic Group of Companies had a return on equity of 27.21% and a net margin of 4.69%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company's quarterly revenue was down 6.9% on a year-over-year basis. On average, research analysts anticipate that Interpublic Group of Companies will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date was Monday, June 2nd. Interpublic Group of Companies's payout ratio is 100.76%.

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.