Interpublic Group of Companies (NYSE:IPG) Reaches New 12-Month Low – Here’s Why

The Interpublic Group of Companies, Inc. (NYSE:IPG)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $26.86 and last traded at $26.86, with a volume of 1221007 shares trading hands. The stock had previously closed at $27.53.

Analyst Ratings Changes

A number of research firms recently commented on IPG. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research note on Friday. UBS Group cut Interpublic Group of Companies from a “neutral” rating to a “sell” rating and lowered their price target for the company from $34.00 to $29.00 in a research report on Thursday, September 12th. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. Macquarie reaffirmed a “neutral” rating and set a $31.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Finally, StockNews.com assumed coverage on shares of Interpublic Group of Companies in a report on Saturday, January 4th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.50.

Interpublic Group of Companies Trading Down 2.2 %

The company has a fifty day simple moving average of $29.12 and a 200-day simple moving average of $30.11. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 12.70 and a beta of 1.11. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. On average, research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.90%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies’s payout ratio is 62.26%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in shares of Interpublic Group of Companies by 15.1% during the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after buying an additional 3,920,975 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Interpublic Group of Companies by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock valued at $393,064,000 after purchasing an additional 270,857 shares during the last quarter. Geode Capital Management LLC grew its stake in Interpublic Group of Companies by 0.9% in the third quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock valued at $298,107,000 after purchasing an additional 81,265 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Interpublic Group of Companies by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock worth $199,063,000 after purchasing an additional 828,150 shares during the last quarter. Finally, Ariel Investments LLC raised its stake in shares of Interpublic Group of Companies by 3.5% during the 2nd quarter. Ariel Investments LLC now owns 5,710,448 shares of the business services provider’s stock worth $166,117,000 after purchasing an additional 193,898 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

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.