Interpublic Group of Companies, Inc. (The) (IPG) Receives “Buy” Rating from Royal Bank Of Canada

Royal Bank Of Canada reiterated their buy rating on shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in a report published on Friday. Royal Bank Of Canada currently has a $29.00 price objective on the business services provider’s stock.

Other equities analysts have also issued reports about the company. BidaskClub raised Interpublic Group of Companies, Inc. (The) from a hold rating to a buy rating in a research note on Thursday, June 29th. Jefferies Group LLC reaffirmed a buy rating and issued a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, June 26th. Zacks Investment Research raised 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 research note on Thursday, June 22nd. BMO Capital Markets reaffirmed a buy rating and issued a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, April 17th. Finally, Wells Fargo & Company reaffirmed a buy rating on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $27.00.

Shares of Interpublic Group of Companies, Inc. (IPG) traded up 0.81% during mid-day trading on Friday, hitting $24.89. 2,252,790 shares of the company were exchanged. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of 16.18 and a beta of 1.56. Interpublic Group of Companies, Inc. has a 12-month low of $21.67 and a 12-month high of $25.37. The firm has a 50 day moving average of $24.47 and a 200 day moving average of $24.17.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its quarterly earnings results on Friday, April 21st. The business services provider reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 29.00% and a net margin of 7.95%. Interpublic Group of Companies, Inc. (The)’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts forecast that Interpublic Group of Companies, Inc. will post $1.48 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Monday, June 19th. Shareholders of record on Monday, June 5th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.89%. The ex-dividend date was Thursday, June 1st. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 47.06%.

In other Interpublic Group of Companies, Inc. (The) news, SVP Julie Connors sold 5,854 shares of the business’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 value of $142,018.04. Following the transaction, the senior vice president now directly owns 10,592 shares of the company’s stock, valued at $256,961.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.49% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp raised its position in shares of Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock valued at $135,000 after buying an additional 331 shares during the period. Global X Management Co. LLC raised its position in shares of Interpublic Group of Companies, Inc. (The) by 29.9% in the first quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock valued at $135,000 after buying an additional 1,266 shares during the period. Exane Derivatives raised its position in shares of Interpublic Group of Companies, Inc. (The) by 181.3% in the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock valued at $139,000 after buying an additional 3,631 shares during the period. First Bank & Trust acquired a new position in shares of Interpublic Group of Companies, Inc. (The) during the first quarter valued at about $140,000. Finally, Bronfman E.L. Rothschild L.P. raised its position in shares of Interpublic Group of Companies, Inc. (The) by 120.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,285 shares of the business services provider’s stock valued at $179,000 after buying an additional 3,973 shares during the period. 97.87% of the stock is currently owned by hedge funds and other institutional investors.

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).

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