Interpublic Group of Companies, Inc. (The) (NYSE:IPG) had its price objective boosted by Jefferies Group LLC from $26.00 to $27.00 in a research report sent to investors on Monday morning. They currently have a positive rating on the stock.

IPG has been the topic of a number of other research reports. Royal Bank Of Canada upped their target price on Interpublic Group of Companies, Inc. (The) from $27.00 to $29.00 and gave the company a top pick rating in a report on Friday, January 6th. Albert Fried & Company reiterated a hold rating and issued a $23.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a report on Thursday, October 27th. Morgan Stanley downgraded Interpublic Group of Companies, Inc. (The) from an overweight rating to an equal weight rating and set a $26.00 target price on the stock. in a report on Thursday, January 5th. Wedbush reiterated an outperform rating and issued a $28.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a report on Friday, October 21st. Finally, Zacks Investment Research upgraded Interpublic Group of Companies, Inc. (The) from a sell rating to a hold rating in a report on Monday, January 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $26.91.

Analyst Recommendations for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 24.49 on Monday. Interpublic Group of Companies, Inc. has a 52-week low of $20.67 and a 52-week high of $25.33. The stock’s 50 day moving average is $23.62 and its 200-day moving average is $23.13. The firm has a market capitalization of $9.72 billion, a PE ratio of 16.44 and a beta of 1.60.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its earnings results on Friday, February 10th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.27 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 28.31% and a net margin of 7.76%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. Equities analysts expect that Interpublic Group of Companies, Inc. will post $1.46 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a $0.18 dividend. The ex-dividend date is Monday, February 27th. This represents a $0.72 dividend on an annualized basis and a yield of 2.94%. This is an increase from Interpublic Group of Companies, Inc. (The)’s previous quarterly dividend of $0.15. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is currently 40.27%.

Institutional investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in Interpublic Group of Companies, Inc. (The) by 1.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,178,139 shares of the company’s stock worth $27,215,000 after buying an additional 16,934 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in Interpublic Group of Companies, Inc. (The) by 12.1% in the third quarter. Public Employees Retirement Association of Colorado now owns 643,375 shares of the company’s stock worth $14,379,000 after buying an additional 69,427 shares in the last quarter. Hennessy Advisors Inc. increased its position in Interpublic Group of Companies, Inc. (The) by 3.0% in the second quarter. Hennessy Advisors Inc. now owns 1,574,200 shares of the company’s stock worth $36,364,000 after buying an additional 45,200 shares in the last quarter. BlackRock Fund Advisors increased its position in Interpublic Group of Companies, Inc. (The) by 2.8% in the third quarter. BlackRock Fund Advisors now owns 6,510,547 shares of the company’s stock worth $145,511,000 after buying an additional 175,508 shares in the last quarter. Finally, Westpac Banking Corp increased its position in Interpublic Group of Companies, Inc. (The) by 5.8% in the third quarter. Westpac Banking Corp now owns 378,579 shares of the company’s stock worth $8,461,000 after buying an additional 20,895 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Interpublic Group of Companies, Inc. (The)

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).

5 Day Chart for NYSE:IPG

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