Interpublic Group of Companies Inc (NYSE:IPG) saw some unusual options trading on Thursday. Stock investors bought 2,255 put options on the company. This is an increase of 3,856% compared to the average volume of 57 put options.

Interpublic Group of Companies (NYSE IPG) opened at $21.74 on Friday. 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 has a 1 year low of $18.30 and a 1 year high of $25.71. The firm has a market capitalization of $8,450.00, a price-to-earnings ratio of 26.84, a P/E/G ratio of 1.29 and a beta of 1.47.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies had a net margin of 7.43% and a return on equity of 27.38%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business earned $0.31 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. research analysts expect that Interpublic Group of Companies will post 1.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.31%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 88.89%.

Several research analysts recently weighed in on IPG shares. TheStreet cut Interpublic Group of Companies from a “b-” rating to a “c+” rating in a research note on Wednesday, November 22nd. Jefferies Group cut Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Interpublic Group of Companies in a research note on Wednesday, October 25th. Argus cut Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a research note on Tuesday, October 31st. Finally, Credit Suisse Group set a $26.00 target price on Interpublic Group of Companies and gave the company a “buy” rating in a research note on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.77.

In other news, Director H John Greeniaus sold 43,479 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.49% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Interpublic Group of Companies by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 39,967,140 shares of the business services provider’s stock valued at $983,192,000 after purchasing an additional 419,048 shares during the period. BlackRock Inc. boosted its position in shares of Interpublic Group of Companies by 2.7% in the 2nd quarter. BlackRock Inc. now owns 36,204,064 shares of the business services provider’s stock valued at $890,619,000 after purchasing an additional 936,771 shares during the period. Voya Investment Management LLC boosted its position in shares of Interpublic Group of Companies by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 9,175,028 shares of the business services provider’s stock valued at $225,706,000 after purchasing an additional 1,177,667 shares during the period. Pzena Investment Management LLC boosted its position in shares of Interpublic Group of Companies by 0.3% in the 3rd quarter. Pzena Investment Management LLC now owns 8,964,724 shares of the business services provider’s stock valued at $186,377,000 after purchasing an additional 23,799 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Interpublic Group of Companies by 21.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 8,547,989 shares of the business services provider’s stock valued at $210,280,000 after purchasing an additional 1,503,316 shares during the period. Institutional investors and hedge funds own 99.78% of the company’s stock.

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Interpublic Group of Companies Company Profile

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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