Interpublic Group of Companies (NYSE:IPG) Sees Strong Trading Volume - Here's Why

Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Get Free Report) saw unusually-high trading volume on Monday . Approximately 10,965,451 shares changed hands during mid-day trading, an increase of 93% from the previous session's volume of 5,696,232 shares.The stock last traded at $24.04 and had previously closed at $23.42.

Analysts Set New Price Targets

Several analysts have recently commented on IPG shares. Wall Street Zen assumed coverage on shares of Interpublic Group of Companies in a research report on Tuesday, May 20th. They issued a "hold" rating on the stock. Barclays dropped their price objective on Interpublic Group of Companies from $36.00 to $34.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Finally, Citigroup reissued a "buy" rating and set a $35.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Interpublic Group of Companies presently has a consensus rating of "Hold" and an average price target of $33.44.

Interpublic Group of Companies Stock Performance

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The firm's fifty day moving average price is $24.25 and its 200 day moving average price is $26.29. The firm has a market capitalization of $8.97 billion, a PE ratio of 18.52 and a beta of 1.06.

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

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date was Monday, June 2nd. Interpublic Group of Companies's dividend payout ratio (DPR) is currently 100.76%.

Institutional Investors Weigh In On Interpublic Group of Companies

Institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its position in Interpublic Group of Companies by 75.8% during 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 in the last quarter. Sentry Investment Management LLC bought a new stake in shares of Interpublic Group of Companies in the 1st quarter valued at about $31,000. OFI Invest Asset Management acquired a new stake in Interpublic Group of Companies in the 4th quarter valued at about $36,000. Raiffeisen Bank International AG bought a new position in Interpublic Group of Companies during the fourth quarter worth about $42,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Interpublic Group of Companies during the 1st quarter worth about $44,000. 98.43% of the stock is owned by 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.

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.