Interpublic Group of Companies, Inc. (The) (NYSE:IPG) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 21,208,531 shares, a drop of 20.7% from the November 15th total of 26,738,533 shares. Based on an average trading volume of 6,479,616 shares, the short-interest ratio is currently 3.3 days. Currently, 5.5% of the company’s shares are sold short.

Several brokerages have recently commented on IPG. Morgan Stanley restated a “hold” rating on shares of Interpublic Group of Companies in a research note on Monday, October 16th. Zacks Investment Research upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. BMO Capital Markets restated a “buy” rating and issued a $26.00 target price on shares of Interpublic Group of Companies in a research note on Wednesday, September 13th. Wells Fargo & Company restated a “buy” rating on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Finally, Pivotal Research restated a “buy” rating and issued a $23.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. Interpublic Group of Companies has a consensus rating of “Hold” and an average target price of $25.77.

Interpublic Group of Companies (NYSE IPG) opened at $20.15 on Thursday. The stock has a market capitalization of $7,830.00, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.34 and a beta of 1.47. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93. Interpublic Group of Companies has a 12 month low of $18.30 and a 12 month high of $25.71.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The company had revenue of $1.90 billion for 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%. Interpublic Group of Companies’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. equities 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. Shareholders of record on Friday, December 1st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a yield of 3.57%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 88.89%.

In other news, Director H John Greeniaus sold 43,479 shares of Interpublic Group of Companies stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.00, for a total value of $826,101.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.49% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Stanley Laman Group Ltd. boosted its stake in Interpublic Group of Companies by 0.3% during the 2nd quarter. Stanley Laman Group Ltd. now owns 25,352 shares of the business services provider’s stock valued at $624,000 after purchasing an additional 67 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Interpublic Group of Companies by 1.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock worth $224,000 after buying an additional 90 shares in the last quarter. Sentry Investment Management LLC lifted its position in shares of Interpublic Group of Companies by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 21,099 shares of the business services provider’s stock worth $519,000 after buying an additional 225 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Interpublic Group of Companies by 0.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,354 shares of the business services provider’s stock worth $722,000 after buying an additional 225 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Interpublic Group of Companies by 1.6% during the 2nd quarter. D.A. Davidson & CO. now owns 14,738 shares of the business services provider’s stock worth $362,000 after buying an additional 235 shares in the last quarter. Institutional investors and hedge funds own 99.83% 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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