Interpublic Group of Companies, Inc. (The) (NYSE:IPG) was the target of unusually large options trading on Tuesday. Stock investors purchased 3,927 call options on the company. This is an increase of 2,646% compared to the average daily volume of 143 call options.

A number of equities research analysts recently weighed in on IPG shares. Royal Bank Of Canada set a $24.00 price target on Interpublic Group of Companies and gave the company a “hold” rating in a report on Tuesday, August 29th. BMO Capital Markets dropped their price target on Interpublic Group of Companies from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, October 26th. TheStreet cut Interpublic Group of Companies from a “b-” rating to a “c+” rating in a report on Wednesday, November 22nd. Citigroup raised Interpublic Group of Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, Zacks Investment Research cut Interpublic Group of Companies from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. Interpublic Group of Companies currently has an average rating of “Hold” and an average price target of $25.77.

Shares of Interpublic Group of Companies (NYSE:IPG) opened at $20.19 on Friday. The company has a market capitalization of $7,993.68, a price-to-earnings ratio of 14.91, a PEG ratio of 1.27 and a beta of 1.47. Interpublic Group of Companies has a 52 week low of $18.30 and a 52 week high of $25.71. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.96 billion. Interpublic Group of Companies had a net margin of 7.43% and a return on equity of 27.38%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the business posted $0.31 earnings per share. sell-side analysts predict that Interpublic Group of Companies will post 1.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.57%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 50.00%.

In other news, Director H John Greeniaus sold 43,479 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.00, for a total value of $826,101.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.49% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPG. Louisiana State Employees Retirement System increased its stake in shares of Interpublic Group of Companies by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the business services provider’s stock valued at $603,000 after buying an additional 400 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Interpublic Group of Companies by 3.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 235,897 shares of the business services provider’s stock worth $5,803,000 after purchasing an additional 7,787 shares during the last quarter. NGAM Advisors L.P. boosted its position in shares of Interpublic Group of Companies by 15.9% in the 2nd quarter. NGAM Advisors L.P. now owns 164,333 shares of the business services provider’s stock worth $4,043,000 after purchasing an additional 22,521 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Interpublic Group of Companies by 3.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 416,956 shares of the business services provider’s stock worth $10,241,000 after purchasing an additional 12,516 shares during the last quarter. Finally, First Manhattan Co. boosted its position in shares of Interpublic Group of Companies by 2.7% in the 2nd quarter. First Manhattan Co. now owns 7,533 shares of the business services provider’s stock worth $185,000 after purchasing an additional 195 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

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About Interpublic Group of Companies

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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