Interpublic Group of Companies Inc (NYSE:IPG) shares gapped up before the market opened on Tuesday . The stock had previously closed at $21.01, but opened at $21.66. Interpublic Group of Companies shares last traded at $22.04, with a volume of 8182752 shares trading hands.

Several research analysts recently issued reports on IPG shares. ValuEngine cut Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Zacks Investment Research raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Royal Bank of Canada raised Interpublic Group of Companies from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 25th. Moffett Nathanson started coverage on Interpublic Group of Companies in a research note on Tuesday, June 19th. They issued a “neutral” rating and a $23.00 price objective on the stock. Finally, Pivotal Research dropped their price objective on Interpublic Group of Companies from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Interpublic Group of Companies has an average rating of “Hold” and a consensus price target of $25.22.

The company has a market capitalization of $8.78 billion, a PE ratio of 15.63, a P/E/G ratio of 1.73 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.94 and a quick ratio of 0.94.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, July 24th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Interpublic Group of Companies had a return on equity of 28.53% and a net margin of 6.75%. Interpublic Group of Companies’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 earnings per share. On average, equities analysts anticipate that Interpublic Group of Companies Inc will post 1.72 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.84 dividend on an annualized basis and a yield of 3.81%. Interpublic Group of Companies’s dividend payout ratio is currently 59.57%.

In other Interpublic Group of Companies news, CFO Frank Mergenthaler sold 50,000 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $22.46, for a total transaction of $1,123,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.32% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of IPG. LifePlan Financial Group Inc purchased a new stake in Interpublic Group of Companies during the second quarter worth $187,000. Franklin Resources Inc. purchased a new stake in Interpublic Group of Companies during the first quarter worth $203,000. Lourd Capital LLC purchased a new stake in Interpublic Group of Companies during the third quarter worth $203,000. Nuveen Asset Management LLC purchased a new stake in shares of Interpublic Group of Companies during the 1st quarter valued at $281,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Interpublic Group of Companies during the 2nd quarter valued at $283,000. Institutional investors own 99.76% of the company’s stock.

About Interpublic Group of Companies (NYSE:IPG)

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.

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