Bank of America upgraded shares of Interpublic Group of Companies (NYSE:IPG) from an underperform rating to a neutral rating in a report released on Wednesday morning, Briefing.com Automated Import reports.

A number of other equities analysts have also recently commented on IPG. Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a research note on Wednesday, July 3rd. ValuEngine cut shares of W&T Offshore from a hold rating to a sell rating in a research note on Friday, April 26th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Interpublic Group of Companies has a consensus rating of Buy and an average price target of $25.86.

Shares of NYSE:IPG opened at $23.77 on Wednesday. Interpublic Group of Companies has a 52 week low of $19.61 and a 52 week high of $25.10. The stock has a market cap of $9.20 billion, a PE ratio of 12.78, a P/E/G ratio of 2.60 and a beta of 1.05. The business has a fifty day simple moving average of $22.32. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.56.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Friday, April 26th. The business services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Interpublic Group of Companies had a net margin of 6.31% and a return on equity of 32.74%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the company posted $0.04 EPS. The business’s revenue was up 13.0% on a year-over-year basis. On average, equities research analysts forecast that Interpublic Group of Companies will post 1.9 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 3.95%. Interpublic Group of Companies’s dividend payout ratio is presently 50.54%.

In other news, Director David M. Thomas purchased 8,650 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average cost of $23.12 per share, with a total value of $199,988.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.09% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Brand Asset Management Group Inc. lifted its holdings in Interpublic Group of Companies by 106.6% during the 1st quarter. Brand Asset Management Group Inc. now owns 942 shares of the business services provider’s stock valued at $51,000 after buying an additional 486 shares in the last quarter. O Shares Investment Advisers LLC lifted its holdings in Interpublic Group of Companies by 3.0% during the 1st quarter. O Shares Investment Advisers LLC now owns 17,536 shares of the business services provider’s stock valued at $368,000 after buying an additional 512 shares in the last quarter. Securian Asset Management Inc lifted its holdings in Interpublic Group of Companies by 1.5% during the 1st quarter. Securian Asset Management Inc now owns 39,333 shares of the business services provider’s stock valued at $826,000 after buying an additional 564 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Interpublic Group of Companies by 0.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 86,504 shares of the business services provider’s stock valued at $1,817,000 after buying an additional 585 shares in the last quarter. Finally, CWM LLC lifted its holdings in Interpublic Group of Companies by 31.2% during the 1st quarter. CWM LLC now owns 2,467 shares of the business services provider’s stock valued at $52,000 after buying an additional 587 shares in the last quarter. 99.27% of the stock is owned by hedge funds and other institutional investors.

About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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

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