Jefferies Group LLC set a $26.00 price objective on Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in a report released on Monday morning. The brokerage currently has a buy rating on the business services provider’s stock.

A number of other research analysts also recently issued reports on IPG. Zacks Investment Research raised Interpublic Group of Companies, Inc. (The) from a hold rating to a buy rating and set a $27.00 price target for the company in a report on Thursday, June 22nd. Royal Bank Of Canada set a $29.00 price target on Interpublic Group of Companies, Inc. (The) and gave the company a buy rating in a report on Monday, June 12th. BMO Capital Markets reissued an outperform rating and issued a $26.00 price target (down from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a report on Wednesday, July 26th. Telsey Advisory Group decreased their price target on Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an outperform rating for the company in a report on Wednesday, July 26th. Finally, BidaskClub downgraded Interpublic Group of Companies, Inc. (The) from a buy rating to a hold rating in a report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $26.07.

Shares of Interpublic Group of Companies, Inc. (NYSE IPG) opened at 19.80 on Monday. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 14.25 and a beta of 1.53. The firm has a 50-day moving average of $22.35 and a 200 day moving average of $23.88. Interpublic Group of Companies, Inc. has a 12 month low of $19.57 and a 12 month high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its earnings results on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.07. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. Interpublic Group of Companies, Inc. (The)’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. On average, analysts expect that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Wednesday, August 30th. Interpublic Group of Companies, Inc. (The)’s payout ratio is 51.80%.

In other news, SVP Julie Connors sold 5,854 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total transaction of $142,018.04. Following the completion of the transaction, the senior vice president now directly owns 10,592 shares of the company’s stock, valued at approximately $256,961.92. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Ellen Tobi Johnson sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was 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.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jennison Associates LLC purchased a new position in Interpublic Group of Companies, Inc. (The) during the first quarter valued at approximately $797,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in Interpublic Group of Companies, Inc. (The) during the first quarter valued at approximately $209,000. Hennessy Advisors Inc. purchased a new position in Interpublic Group of Companies, Inc. (The) during the first quarter valued at approximately $2,233,000. First Midwest Bank Trust Division increased its position in Interpublic Group of Companies, Inc. (The) by 0.5% in the first quarter. First Midwest Bank Trust Division now owns 10,821 shares of the business services provider’s stock valued at $266,000 after buying an additional 50 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Interpublic Group of Companies, Inc. (The) by 41.4% in the first quarter. Russell Investments Group Ltd. now owns 228,110 shares of the business services provider’s stock valued at $5,605,000 after buying an additional 66,756 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

About Interpublic Group of Companies, Inc. (The)

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, Inc. (The) (NYSE:IPG)

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