Interpublic Group of Companies (NYSE:IPG) Trading Down 3.8% - Here's Why

Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Get Free Report)'s share price traded down 3.8% during mid-day trading on Thursday . The stock traded as low as $24.16 and last traded at $24.24. 4,669,671 shares were traded during trading, a decline of 22% from the average session volume of 5,968,205 shares. The stock had previously closed at $25.20.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Barclays lowered Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $34.00 to $27.50 in a research report on Wednesday, June 25th. Wall Street Zen initiated coverage on Interpublic Group of Companies in a report on Tuesday, May 20th. They issued a "hold" rating for the company. Citigroup reissued a "buy" rating and issued a $35.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. decreased 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $32.06.

Interpublic Group of Companies Stock Performance

The company has a market cap of $8.93 billion, a PE ratio of 18.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50-day moving average of $24.32 and a 200 day moving average of $25.79.

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, beating analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.98 billion. Interpublic Group of Companies had a return on equity of 27.21% and a net margin of 4.69%. The firm's revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. Equities research analysts anticipate that Interpublic Group of Companies, Inc. will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.47%. The ex-dividend date was Monday, June 2nd. Interpublic Group of Companies's dividend payout ratio is presently 100.76%.

Hedge Funds Weigh In On Interpublic Group of Companies

A number of large investors have recently bought and sold shares of the business. Sentry Investment Management LLC bought a new position in shares of Interpublic Group of Companies in the 1st quarter worth $31,000. Raiffeisen Bank International AG purchased a new position in Interpublic Group of Companies during the 4th quarter worth $42,000. FNY Investment Advisers LLC purchased a new position in Interpublic Group of Companies during the 1st quarter worth $44,000. Grove Bank & Trust grew its stake in Interpublic Group of Companies by 1,219.5% during the 1st quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider's stock worth $59,000 after buying an additional 2,000 shares during the last quarter. Finally, Brooklyn Investment Group grew its stake in Interpublic Group of Companies by 20.0% during the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider's stock worth $64,000 after buying an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

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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