Interpublic Group of Companies (NYSE:IPG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Interpublic Group of Companies (NYSE:IPG) to a hold rating in a research report report published on Saturday morning.

Several other research analysts have also recently issued reports on IPG. Barclays cut shares of Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $34.00 to $27.50 in a report on Wednesday, June 25th. UBS Group reduced their price target on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.39.

Interpublic Group of Companies Trading Down 0.1%

Shares of Interpublic Group of Companies stock opened at $26.07 on Friday. The company has a fifty day simple moving average of $24.74 and a 200-day simple moving average of $25.31. Interpublic Group of Companies has a 12-month low of $22.51 and a 12-month high of $33.05. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 22.09 and a beta of 1.05.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.20. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities analysts forecast that Interpublic Group of Companies will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 5.1%. Interpublic Group of Companies’s dividend payout ratio is presently 111.86%.

Hedge Funds Weigh In On Interpublic Group of Companies

A number of large investors have recently bought and sold shares of IPG. CYBER HORNET ETFs LLC purchased a new position in Interpublic Group of Companies during the 2nd quarter worth $25,000. Sentry Investment Management LLC purchased a new position in shares of Interpublic Group of Companies in the 1st quarter valued at about $31,000. Parkside Financial Bank & Trust increased its holdings in shares of Interpublic Group of Companies by 72.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 585 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Interpublic Group of Companies in the 4th quarter valued at about $42,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Interpublic Group of Companies in the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

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.