Interpublic Group of Companies, Inc. (The) (IPG) Hits New 12-Month Low at $18.42

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $18.42 and last traded at $18.64, with a volume of 4777300 shares trading hands. The stock had previously closed at $18.67.

Several research analysts recently issued reports on IPG shares. BidaskClub lowered Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $26.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research report on Thursday, July 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $24.00 target price (down from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th. Argus reduced their target price on Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada set a $24.00 target price on Interpublic Group of Companies, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) has a consensus rating of “Hold” and an average price target of $25.77.

The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $7,171.77, a P/E ratio of 13.37, a P/E/G ratio of 1.14 and a beta of 1.46.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.38% and a net margin of 7.43%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 EPS. equities analysts expect that Interpublic Group of Companies, Inc. will post 1.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a yield of 3.86%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is currently 50.00%.

In other Interpublic Group of Companies, Inc. (The) news, Director H John Greeniaus sold 43,479 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Ellen Tobi Johnson sold 20,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $20.50, for a total value of $410,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Acrospire Investment Management LLC raised its holdings in shares of Interpublic Group of Companies, Inc. (The) by 755.0% during the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 3,979 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. raised its holdings in shares of Interpublic Group of Companies, Inc. (The) by 35.6% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 1,254 shares during the last quarter. Exane Derivatives raised its holdings in shares of Interpublic Group of Companies, Inc. (The) by 181.3% during the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock valued at $139,000 after acquiring an additional 3,631 shares during the last quarter. Global X Management Co. LLC raised its holdings in shares of Interpublic Group of Companies, Inc. (The) by 15.4% during the second quarter. Global X Management Co. LLC now owns 6,349 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 847 shares during the last quarter. Finally, First Bank & Trust raised its holdings in shares of Interpublic Group of Companies, Inc. (The) by 22.7% during the second quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock valued at $172,000 after acquiring an additional 1,296 shares during the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

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Interpublic Group of Companies, Inc. (The) Company Profile

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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