The Interpublic Group of Companies, Inc. (NYSE:IPG) Given Average Rating of “Hold” by Analysts

Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $33.00.

IPG has been the subject of several analyst reports. Barclays raised shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $32.00 to $36.00 in a research note on Friday. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. Finally, Macquarie reiterated a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd.

Interpublic Group of Companies Price Performance

IPG stock opened at $28.55 on Friday. The company has a fifty day moving average price of $28.76 and a 200-day moving average price of $30.03. The company has a market capitalization of $10.63 billion, a P/E ratio of 13.47 and a beta of 1.11. Interpublic Group of Companies has a 52-week low of $26.30 and a 52-week high of $35.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend was Monday, December 2nd. Interpublic Group of Companies’s payout ratio is 62.26%.

Institutional Investors Weigh In On Interpublic Group of Companies

A number of large investors have recently bought and sold shares of IPG. Pacer Advisors Inc. grew its holdings in Interpublic Group of Companies by 4.5% in the second quarter. Pacer Advisors Inc. now owns 27,319 shares of the business services provider’s stock worth $795,000 after purchasing an additional 1,188 shares during the period. ProShare Advisors LLC grew its holdings in shares of Interpublic Group of Companies by 4.5% during the second quarter. ProShare Advisors LLC now owns 70,307 shares of the business services provider’s stock valued at $2,045,000 after buying an additional 3,015 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Interpublic Group of Companies by 52.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after buying an additional 405 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Interpublic Group of Companies by 65.4% during the second quarter. Public Sector Pension Investment Board now owns 14,471 shares of the business services provider’s stock valued at $421,000 after buying an additional 5,724 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Interpublic Group of Companies by 12.0% during the second quarter. Bank of Montreal Can now owns 609,002 shares of the business services provider’s stock valued at $17,758,000 after buying an additional 65,492 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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.