Jefferies Group downgraded shares of Interpublic Group of Companies (NYSE:IPG) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning. Jefferies Group also issued estimates for Interpublic Group of Companies’ FY2017 earnings at $1.39 EPS, FY2018 earnings at $1.47 EPS and FY2019 earnings at $1.60 EPS.

Other analysts also recently issued reports about the stock. Morgan Stanley reissued a hold rating on shares of Interpublic Group of Companies in a research report on Monday, October 16th. Zacks Investment Research raised shares of Interpublic Group of Companies from a sell rating to a hold rating in a research report on Tuesday, September 26th. BMO Capital Markets reissued a buy rating and set a $26.00 price objective on shares of Interpublic Group of Companies in a research report on Wednesday, September 13th. Wells Fargo & Company reissued a buy rating on shares of Interpublic Group of Companies in a research report on Tuesday, October 24th. Finally, Pivotal Research reissued a buy rating and set a $23.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $25.77.

Shares of Interpublic Group of Companies (NYSE:IPG) traded down $0.32 during mid-day trading on Wednesday, reaching $20.15. 7,538,000 shares of the company traded hands, compared to its average volume of 4,906,042. Interpublic Group of Companies has a one year low of $18.30 and a one year high of $25.71. The stock has a market cap of $7,840.00, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Thursday, November 30th. Interpublic Group of Companies’s dividend payout ratio is currently 88.89%.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $19.00, for a total transaction of $826,101.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.49% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Acrospire Investment Management LLC lifted its stake in shares of Interpublic Group of Companies by 755.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock worth $111,000 after purchasing an additional 3,979 shares during the period. Capstone Investment Advisors Netherlands B.V. lifted its stake in shares of Interpublic Group of Companies by 35.6% in the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock worth $117,000 after purchasing an additional 1,254 shares during the period. Global X Management Co. LLC lifted its stake in shares of Interpublic Group of Companies by 15.4% in the 2nd quarter. Global X Management Co. LLC now owns 6,349 shares of the business services provider’s stock worth $156,000 after purchasing an additional 847 shares during the period. IFP Advisors Inc lifted its stake in shares of Interpublic Group of Companies by 62.7% in the 2nd quarter. IFP Advisors Inc now owns 7,308 shares of the business services provider’s stock worth $180,000 after purchasing an additional 2,817 shares during the period. Finally, Franklin Resources Inc. bought a new position in shares of Interpublic Group of Companies in the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

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Interpublic Group of Companies 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).

Analyst Recommendations for Interpublic Group of Companies (NYSE:IPG)

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