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Interpublic Group of Companies (NYSE:IPG) saw some unusual options trading on Tuesday. Traders bought 29,885 call options on the stock, American Banking News reports. This is an increase of approximately 343% compared to the typical daily volume of 6,752 call options.

A number of research firms have recently commented on IPG. Analysts at Piper Jaffray raised their price target on shares of Interpublic Group of Companies to $21.00 in a research note on Tuesday, June 10th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Interpublic Group of Companies in a research note on Friday, April 25th. They now have a $18.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Interpublic Group of Companies in a research note on Wednesday, April 23rd. They now have a $20.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $18.65.

Shares of Interpublic Group of Companies (NYSE:IPG) traded up 0.36% during mid-day trading on Tuesday, hitting $19.62. 3,752,231 shares of the company’s stock traded hands. Interpublic Group of Companies has a 52-week low of $13.96 and a 52-week high of $19.77. The stock has a 50-day moving average of $18.41 and a 200-day moving average of $17.38. The company has a market cap of $8.312 billion and a P/E ratio of 28.29.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts predict that Interpublic Group of Companies will post $1.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Friday, May 30th.

The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.

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