Interpublic Group of Cos. (NYSE:IPG) was down 1.3% on Thursday . The company traded as low as $23.56 and last traded at $23.85, with a volume of 3,222,453 shares traded. The stock had previously closed at $24.16.

A number of equities research analysts recently weighed in on IPG shares. Telsey Advisory Group upped their price objective on Interpublic Group of Cos. from $27.50 to $28.00 and gave the stock an “outperform” rating in a research note on Monday, April 25th. Zacks Investment Research cut Interpublic Group of Cos. from a “buy” rating to a “hold” rating in a research note on Monday, June 27th. Wedbush restated an “outperform” rating and set a $28.00 price objective (up from $26.00) on shares of Interpublic Group of Cos. in a research note on Monday, April 25th. BMO Capital Markets restated a “buy” rating on shares of Interpublic Group of Cos. in a research note on Monday, April 25th. Finally, Jefferies Group reiterated a “buy” rating on shares of Interpublic Group of Cos. in a research note on Sunday, April 24th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $25.75.

The stock has a 50-day moving average of $23.66 and a 200 day moving average of $22.66. The stock has a market capitalization of $9.60 billion and a PE ratio of 21.58.

Interpublic Group of Cos. (NYSE:IPG) last posted its quarterly earnings data on Friday, April 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm earned $1.74 billion during the quarter, compared to analysts’ expectations of $1.71 billion. The company’s revenue was up 3.9% on a year-over-year basis. On average, equities analysts anticipate that Interpublic Group of Cos. will post $1.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were issued a $0.15 dividend. The ex-dividend date was Friday, May 27th. This represents a $0.60 annualized dividend and a dividend yield of 2.52%.

In related news, CAO Christopher F. Carroll sold 20,000 shares of the business’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $23.33, for a total transaction of $466,600.00. Following the completion of the transaction, the chief accounting officer now directly owns 39,285 shares of the company’s stock, valued at approximately $916,519.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Isor Roth sold 500,000 shares of the business’s stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $23.25, for a total value of $11,625,000.00. Following the transaction, the chief executive officer now directly owns 865,986 shares of the company’s stock, valued at $20,134,174.50. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently added to or reduced their stakes in the company. Brown Advisory Inc. boosted its position in Interpublic Group of Cos. by 175.2% in the fourth quarter. Brown Advisory Inc. now owns 43,470 shares of the company’s stock valued at $1,012,000 after buying an additional 27,676 shares during the last quarter. US Bancorp DE boosted its position in Interpublic Group of Cos. by 2.9% in the fourth quarter. US Bancorp DE now owns 48,733 shares of the company’s stock valued at $1,135,000 after buying an additional 1,392 shares during the last quarter. BOKF NA boosted its position in Interpublic Group of Cos. by 86.0% in the fourth quarter. BOKF NA now owns 49,592 shares of the company’s stock valued at $1,155,000 after buying an additional 22,929 shares during the last quarter. First Houston Capital Inc. bought a new position in Interpublic Group of Cos. during the fourth quarter valued at approximately $1,376,000. Finally, GAM Holding AG boosted its position in Interpublic Group of Cos. by 246.4% in the fourth quarter. GAM Holding AG now owns 63,677 shares of the company’s stock valued at $1,482,000 after buying an additional 45,294 shares during the last quarter.

The Interpublic Group of Companies, Inc (IPG) is an advertising and marketing services company. IPG’s companies are engaged in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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