Interpublic Group of Companies (NYSE:IPG) Downgraded by BNP Paribas to Underperform

BNP Paribas downgraded shares of Interpublic Group of Companies (NYSE:IPG) from a neutral rating to an underperform rating in a research report released on Monday morning, MarketBeat Ratings reports.

A number of other research firms have also recently weighed in on IPG. Macquarie reduced their price objective on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a neutral rating for the company in a research report on Thursday, July 25th. Bank of America decreased their price target on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a buy rating on the stock in a research note on Thursday, September 5th. UBS Group lowered Interpublic Group of Companies from a neutral rating to a sell rating and cut their price objective for the stock from $34.00 to $29.00 in a research note on Thursday, September 12th. Barclays decreased their target price on Interpublic Group of Companies from $35.00 to $34.00 and set an equal weight rating on the stock in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. dropped their price target on Interpublic Group of Companies from $37.00 to $36.00 and set an overweight rating for the company in a research report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $32.44.

Interpublic Group of Companies Price Performance

Shares of Interpublic Group of Companies stock opened at $30.81 on Monday. The firm has a market cap of $11.63 billion, a PE ratio of 10.96, a P/E/G ratio of 5.23 and a beta of 1.10. Interpublic Group of Companies has a twelve month low of $27.20 and a twelve month high of $35.17. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. The business has a 50-day moving average price of $31.25 and a 200 day moving average price of $30.88.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 earnings per share. Sell-side analysts predict that Interpublic Group of Companies will post 2.82 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend was Tuesday, September 3rd. Interpublic Group of Companies’s payout ratio is currently 46.98%.

Institutional Trading of Interpublic Group of Companies

Several hedge funds have recently added to or reduced their stakes in IPG. Stifel Financial Corp increased its stake in Interpublic Group of Companies by 25.6% in the fourth quarter. Stifel Financial Corp now owns 339,770 shares of the business services provider’s stock valued at $11,090,000 after purchasing an additional 69,289 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new position in shares of Interpublic Group of Companies in the 4th quarter valued at $383,000. J. W. Coons Advisors LLC raised its stake in Interpublic Group of Companies by 5.6% during the 4th quarter. J. W. Coons Advisors LLC now owns 11,731 shares of the business services provider’s stock worth $383,000 after acquiring an additional 623 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in Interpublic Group of Companies by 0.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 181,284 shares of the business services provider’s stock valued at $5,917,000 after acquiring an additional 1,652 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its stake in Interpublic Group of Companies by 13,944.4% in the fourth quarter. TFO Wealth Partners LLC now owns 2,528 shares of the business services provider’s stock valued at $83,000 after acquiring an additional 2,510 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.