Interpublic Group of Companies (NYSE:IPG) Shares Up 4.2% - What's Next?

Key Points

• Interpublic Group of Companies shares increased by 4.2% to close at $28.08, despite a decline in trading volume.
• Analysts have mixed ratings on the stock, with three hold ratings and six buy or hold ratings, and an average target price of $32.27.
• The company's recent quarterly earnings report showed $0.75 EPS which exceeded estimates, but revenue was down 6.6% year-over-year.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Get Free Report) shares shot up 4.2% on Wednesday . The company traded as high as $28.19 and last traded at $28.08. 4,373,699 shares were traded during trading, a decline of 35% from the average session volume of 6,745,796 shares. The stock had previously closed at $26.94.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on IPG shares. Zacks Research cut Interpublic Group of Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, October 13th. UBS Group cut their price objective on Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Wall Street Zen raised Interpublic Group of Companies to a "hold" rating in a report on Saturday, August 16th. JPMorgan Chase & Co. cut their price objective on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Interpublic Group of Companies in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Interpublic Group of Companies has an average rating of "Hold" and an average target price of $32.27.

Interpublic Group of Companies Trading Up 3.0%

The company's 50-day moving average is $26.54 and its 200-day moving average is $25.21. The firm has a market cap of $10.17 billion, a price-to-earnings ratio of 23.63 and a beta of 1.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.20. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The firm's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. On average, research analysts predict 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 Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.32 annualized dividend and a yield of 4.8%. Interpublic Group of Companies's dividend payout ratio is 111.86%.

Institutional Trading of Interpublic Group of Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group lifted its holdings in shares of Interpublic Group of Companies by 20.0% in the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider's stock worth $64,000 after acquiring an additional 391 shares during the last quarter. Private Wealth Asset Management LLC increased its stake in shares of Interpublic Group of Companies by 10.9% in the second quarter. Private Wealth Asset Management LLC now owns 4,060 shares of the business services provider's stock worth $99,000 after buying an additional 400 shares during the period. My Legacy Advisors LLC increased its stake in shares of Interpublic Group of Companies by 2.5% in the second quarter. My Legacy Advisors LLC now owns 17,393 shares of the business services provider's stock worth $435,000 after buying an additional 431 shares during the period. Lynx Investment Advisory increased its stake in shares of Interpublic Group of Companies by 4.1% in the second quarter. Lynx Investment Advisory now owns 11,429 shares of the business services provider's stock worth $280,000 after buying an additional 452 shares during the period. Finally, Yousif Capital Management LLC increased its stake in shares of Interpublic Group of Companies by 0.9% in the second quarter. Yousif Capital Management LLC now owns 51,519 shares of the business services provider's stock worth $1,261,000 after buying an additional 471 shares during the period. 98.43% of the stock is owned by institutional investors.

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.

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