Interpublic Group of Companies Stock Price, News & Analysis (NYSE:IPG)

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Interpublic Group of Companies in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" IPG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IPG, but not buy additional shares or sell existing shares.
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8 brokerages have issued 12 month price objectives for Interpublic Group of Companies' stock. Their IPG share price targets range from $30.00 to $40.00. On average, they predict the company's share price to reach $35.89 in the next year. This suggests a possible upside of 15.0% from the stock's current price.
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Interpublic Group of Companies' stock was trading at $33.31 at the beginning of the year. Since then, IPG shares have decreased by 6.3% and is now trading at $31.22.
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Interpublic Group of Companies saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 12,920,000 shares, an increase of 6.0% from the October 31st total of 12,190,000 shares. Based on an average daily volume of 3,690,000 shares, the short-interest ratio is currently 3.5 days. Approximately 3.4% of the company's stock are sold short.
View Interpublic Group of Companies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our IPG earnings forecast.

The Interpublic Group of Companies, Inc. (NYSE:IPG) announced its earnings results on Friday, October, 20th. The business services provider reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.73 by $0.03. The business services provider had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.39 billion. Interpublic Group of Companies had a trailing twelve-month return on equity of 29.72% and a net margin of 8.59%. The firm's revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 earnings per share.
Read the conference call transcript.

Interpublic Group of Companies declared a quarterly dividend on Monday, October 30th. Investors of record on Friday, December 1st will be paid a dividend of $0.31 per share on Friday, December 15th. This represents a $1.24 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, November 30th.
Read our dividend analysis for IPG.

Interpublic Group of Companies (NYSE:IPG) pays an annual dividend of $1.24 per share and currently has a dividend yield of 4.02%. IPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 51.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IPG will have a dividend payout ratio of 42.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IPG.

ETFs with the largest weight of Interpublic Group of Companies (NYSE:IPG) stock in their portfolio include USCF Dividend Income Fund (UDI), Invesco S&P 500 Equal Weight Communication Services ETF (EWCO), Invesco S&P 500 Equal Weight Communication Services ETF (RSPC), Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), Invesco Next Gen Media and Gaming ETF (PBS), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM) and Affinity World Leaders Equity ETF (WLDR).

Interpublic Group of Companies declared that its Board of Directors has initiated a share repurchase program on Thursday, February 10th 2022, which permits the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 2.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board 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' stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (3.58%), Bank of New York Mellon Corp (3.03%), Black Creek Investment Management Inc. (2.54%), Charles Schwab Investment Management Inc. (2.43%), Boston Partners (2.19%) and Northern Trust Corp (1.34%). 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.
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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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