Interpublic Group of Companies Inc (IPG) Receives Buy Rating from Wells Fargo & Co

Wells Fargo & Co reaffirmed their buy rating on shares of Interpublic Group of Companies Inc (NYSE:IPG) in a report issued on Wednesday morning.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Interpublic Group of Companies from a buy rating to a hold rating in a research report on Friday, March 10th. Morgan Stanley lowered Interpublic Group of Companies from an overweight rating to an equal weight rating and set a $26.00 price objective on the stock. in a research report on Thursday, January 5th. Bank of America Corp initiated coverage on Interpublic Group of Companies in a research report on Thursday, March 2nd. They set a buy rating and a $28.00 price objective on the stock. S&P Equity Research restated a reduce rating on shares of Interpublic Group of Companies in a research report on Thursday, January 12th. Finally, Royal Bank of Canada restated a top pick rating and set a $29.00 price objective (up previously from $27.00) on shares of Interpublic Group of Companies in a research report on Friday, January 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Interpublic Group of Companies has an average rating of Buy and an average target price of $26.82.

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

Shares of Interpublic Group of Companies (NYSE:IPG) traded up 0.45% during midday trading on Wednesday, hitting $24.61. The company’s stock had a trading volume of 1,709,235 shares. Interpublic Group of Companies has a 1-year low of $21.67 and a 1-year high of $25.33. The company has a 50-day moving average price of $24.37 and a 200 day moving average price of $23.55. The company has a market cap of $9.66 billion, a P/E ratio of 16.52 and a beta of 1.60.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Friday, February 10th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.27 billion. Interpublic Group of Companies had a return on equity of 28.31% and a net margin of 7.76%. Interpublic Group of Companies’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. On average, equities research analysts predict that Interpublic Group of Companies will post $1.46 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, February 27th. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a yield of 2.94%. Interpublic Group of Companies’s payout ratio is presently 40.27%.

In other news, EVP Philippe Krakowsky sold 59,487 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $24.26, for a total value of $1,443,154.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dawn E. Hudson sold 12,000 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $24.22, for a total value of $290,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,354,639 shares of company stock worth $33,081,398 over the last ninety days. Company insiders own 1.75% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Oakmont Partners LLC acquired a new position in shares of Interpublic Group of Companies during the first quarter worth about $917,000. Regentatlantic Capital LLC increased its position in shares of Interpublic Group of Companies by 8.1% in the first quarter. Regentatlantic Capital LLC now owns 45,202 shares of the company’s stock worth $1,111,000 after buying an additional 3,374 shares in the last quarter. Bank of Montreal Can increased its position in shares of Interpublic Group of Companies by 2.0% in the first quarter. Bank of Montreal Can now owns 156,301 shares of the company’s stock worth $3,841,000 after buying an additional 3,119 shares in the last quarter. Fenimore Asset Management Inc. increased its position in shares of Interpublic Group of Companies by 2.3% in the first quarter. Fenimore Asset Management Inc. now owns 2,440,414 shares of the company’s stock worth $59,961,000 after buying an additional 54,909 shares in the last quarter. Finally, National Pension Service increased its position in shares of Interpublic Group of Companies by 8.1% in the first quarter. National Pension Service now owns 430,664 shares of the company’s stock worth $10,586,000 after buying an additional 32,369 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

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).

5 Day Chart for NYSE:IPG

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