Interpublic Group of Companies (IPG) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Interpublic Group of Companies in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IPG shares.
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12 analysts have issued 12-month price targets for Interpublic Group of Companies' shares. Their IPG share price forecasts range from $37.00 to $45.00. On average, they expect the company's share price to reach $40.50 in the next year. This suggests a possible upside of 6.7% from the stock's current price.
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Interpublic Group of Companies' stock was trading at $33.31 at the start of the year. Since then, IPG shares have increased by 14.0% and is now trading at $37.96.
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Interpublic Group of Companies saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 14,940,000 shares, an increase of 14.8% from the April 30th total of 13,010,000 shares. Based on an average trading volume of 4,310,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 3.9% of the shares of the company are sold short.
View Interpublic Group of Companies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our IPG earnings forecast.

The Interpublic Group of Companies, Inc. (NYSE:IPG) issued its quarterly earnings results on Thursday, April, 27th. The business services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.31 by $0.07. The business services provider had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.19 billion. Interpublic Group of Companies had a trailing twelve-month return on equity of 29.28% and a net margin of 8.31%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 earnings per share.
Read the conference call transcript.

Interpublic Group of Companies announced a quarterly dividend on Thursday, May 25th. Investors of record on Tuesday, June 6th will be given a dividend of $0.31 per share on Tuesday, June 20th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Monday, June 5th.
Read our dividend analysis for IPG.

ETFs with the largest weight of Interpublic Group of Companies (NYSE:IPG) stock in their portfolio include Invesco S&P 500 Equal Weight Communication Services ETF (EWCO), USCF Dividend Income Fund (UDI), WBI BullBear Yield 3000 ETF (WBIG), Adaptiv Select ETF (ADPV), 2ndVote Life Neutral Plus ETF (LYFE), Invesco Dynamic Media ETF (PBS), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM).

Interpublic Group of Companies (NYSE:IPG) pays an annual dividend of $1.24 per share and currently has a dividend yield of 3.21%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 53.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IPG will have a dividend payout ratio of 39.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IPG.

Interpublic Group of Companies declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 10th 2022, which permits the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

1 employees have rated Interpublic Group of Companies Chief Executive Officer Philippe Krakowsky on Glassdoor.com. Philippe Krakowsky has an approval rating of -100% among the company's employees. This puts Philippe Krakowsky in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Interpublic Group of Companies investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Athabasca Oil (ATH), NIC (EGOV), Transocean (RIG), Accenture (ACN) and Aegean Marine Petroleum Network (ANW).

Interpublic Group of Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "IPG."

Interpublic Group of Companies' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.15%), State Street Corp (5.39%), FMR LLC (4.83%), Bank of New York Mellon Corp (3.66%), Black Creek Investment Management Inc. (2.80%) and Charles Schwab Investment Management Inc. (2.28%). Insiders that own company stock include Andrew Bonzani, Christopher F Carroll, Dawn E Hudson, Ellen Tobi Johnson, Jocelyn Carter-Miller, Mary Guilfoile and Michael Isor Roth.
View institutional ownership trends.

Shares of IPG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IPG stock can currently be purchased for approximately $37.96.

Interpublic Group of Companies (NYSE:IPG) has a market capitalization of $14.65 billion and generates $10.93 billion in revenue each year. The business services provider earns $938 million in net income (profit) each year or $2.31 on an earnings per share basis.

The company employs 58,400 workers across the globe.

Interpublic Group of Companies' mailing address is 909 THIRD AVENUE, NEW YORK NY, 10022. The official website for the company is www.interpublic.com. The business services provider can be reached via phone at (212) 704-1200, via email at ir@interpublic.com, or via fax at 212-704-1201.