Interpublic Group of Companies Inc (NYSE:IPG) has received an average recommendation of “Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $25.86.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. ValuEngine downgraded shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Finally, Bank of America set a $25.00 price target on shares of Levi Strauss & Co. and gave the company a “hold” rating in a report on Wednesday, July 10th.

In other news, Director David M. Thomas purchased 8,650 shares of the stock in a transaction on Tuesday, April 30th. The shares were acquired at an average price of $23.12 per share, with a total value of $199,988.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.09% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in IPG. BlackRock Inc. raised its position in shares of Interpublic Group of Companies by 21.3% during the first quarter. BlackRock Inc. now owns 50,595,126 shares of the business services provider’s stock valued at $1,063,001,000 after buying an additional 8,893,992 shares during the last quarter. Norges Bank bought a new stake in Interpublic Group of Companies in the fourth quarter worth $99,044,000. Amundi Pioneer Asset Management Inc. increased its position in Interpublic Group of Companies by 88.9% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 7,872,024 shares of the business services provider’s stock worth $162,400,000 after purchasing an additional 3,705,058 shares during the last quarter. Millennium Management LLC increased its position in Interpublic Group of Companies by 223.3% in the fourth quarter. Millennium Management LLC now owns 3,369,483 shares of the business services provider’s stock worth $69,512,000 after purchasing an additional 2,327,356 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Interpublic Group of Companies by 79.5% in the fourth quarter. Deutsche Bank AG now owns 3,030,609 shares of the business services provider’s stock worth $62,514,000 after purchasing an additional 1,341,836 shares during the last quarter. Hedge funds and other institutional investors own 99.44% of the company’s stock.

Shares of IPG traded down $0.52 on Friday, reaching $23.17. The company’s stock had a trading volume of 182,601 shares, compared to its average volume of 3,337,668. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $8.93 billion, a PE ratio of 12.45, a P/E/G ratio of 2.66 and a beta of 1.05. The company’s 50 day moving average price is $22.45. Interpublic Group of Companies has a 12-month low of $19.61 and a 12-month high of $25.10.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Friday, April 26th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.95 billion. Interpublic Group of Companies had a net margin of 6.31% and a return on equity of 32.74%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share. As a group, research analysts expect 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. Shareholders of record on Monday, June 3rd were issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Friday, May 31st. Interpublic Group of Companies’s dividend payout ratio is currently 50.54%.

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.

Recommended Story: Determine Your Level of Risk Tolerance

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

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.