Royal Bank Of Canada set a $24.00 price target on Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in a research report sent to investors on Tuesday. The brokerage currently has a hold rating on the business services provider’s stock.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets reissued an outperform rating and set a $26.00 price objective (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a report on Wednesday, July 26th. Zacks Investment Research raised shares of Interpublic Group of Companies, Inc. (The) from a hold rating to a buy rating and set a $27.00 price objective on the stock in a report on Thursday, June 22nd. Jefferies Group LLC reissued a buy rating and set a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, May 22nd. Telsey Advisory Group cut their price objective on shares of Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an outperform rating on the stock in a report on Wednesday, July 26th. Finally, BidaskClub cut shares of Interpublic Group of Companies, Inc. (The) from a buy rating to a hold rating in a report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $26.07.

Shares of Interpublic Group of Companies, Inc. (IPG) opened at 20.19 on Tuesday. The stock has a market cap of $7.94 billion, a P/E ratio of 14.54 and a beta of 1.53. The firm’s 50-day moving average is $21.72 and its 200 day moving average is $23.75. Interpublic Group of Companies, Inc. has a 52-week low of $19.57 and a 52-week high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business posted $0.33 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. Analysts forecast that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current fiscal 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 given a dividend of $0.18 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.57%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 51.80%.

In related news, SVP Julie Connors sold 5,854 shares of Interpublic Group of Companies, Inc. (The) stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total value of $142,018.04. Following the transaction, the senior vice president now directly owns 10,592 shares in the company, valued at approximately $256,961.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Ellen Tobi Johnson sold 20,000 shares of Interpublic Group of Companies, Inc. (The) stock in a transaction on Monday, August 21st. The shares were sold at an average price of $20.50, for a total transaction of $410,000.00. The disclosure for this sale can be found here. Company insiders own 1.49% of the company’s stock.

A number of institutional investors have recently bought and sold shares of IPG. Jennison Associates LLC purchased a new position in Interpublic Group of Companies, Inc. (The) during the first quarter worth $797,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in Interpublic Group of Companies, Inc. (The) during the first quarter worth $209,000. Hennessy Advisors Inc. purchased a new position in Interpublic Group of Companies, Inc. (The) during the first quarter worth $2,233,000. First Midwest Bank Trust Division raised 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 worth $266,000 after buying an additional 50 shares during the period. Finally, Russell Investments Group Ltd. raised 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 worth $5,605,000 after buying an additional 66,756 shares during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.

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

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