Interpublic Group of Companies Inc (NYSE:IPG) was the recipient of unusually large options trading on Monday. Investors purchased 610 call options on the stock. This represents an increase of 1,030% compared to the average volume of 54 call options.

IPG has been the topic of several research analyst reports. ValuEngine upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. Wells Fargo & Co initiated coverage on Interpublic Group of Companies in a research note on Monday, September 23rd. They set a “market perform” rating and a $23.00 price objective on the stock. Zacks Investment Research cut Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research note on Wednesday, July 3rd. Bank of America upgraded Interpublic Group of Companies from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 10th. Finally, BMO Capital Markets cut their target price on Interpublic Group of Companies from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Interpublic Group of Companies presently has a consensus rating of “Hold” and an average target price of $25.43.

IPG stock traded up $0.28 during mid-day trading on Tuesday, reaching $20.62. The company had a trading volume of 66,256 shares, compared to its average volume of 3,719,784. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $7.78 billion, a P/E ratio of 11.11, a P/E/G ratio of 2.27 and a beta of 1.11. Interpublic Group of Companies has a one year low of $19.56 and a one year high of $25.10. The stock’s 50-day simple moving average is $20.71 and its two-hundred day simple moving average is $21.80.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Tuesday, July 23rd. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Interpublic Group of Companies had a return on equity of 32.03% and a net margin of 6.46%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. On average, research analysts forecast that Interpublic Group of Companies will post 1.88 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend was Friday, August 30th. Interpublic Group of Companies’s payout ratio is 50.54%.

In related news, CEO Michael Isor Roth sold 431,594 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $23.08, for a total transaction of $9,961,189.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director H John Greeniaus sold 44,396 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $23.02, for a total value of $1,021,995.92. The disclosure for this sale can be found here. Company insiders own 1.09% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Covenant Multifamily Offices LLC bought a new stake in shares of Interpublic Group of Companies during the second quarter valued at about $225,000. Exane Derivatives raised its stake in shares of Interpublic Group of Companies by 2,760.0% during the second quarter. Exane Derivatives now owns 3,003 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 2,898 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Interpublic Group of Companies by 3.3% during the second quarter. Prudential Financial Inc. now owns 360,623 shares of the business services provider’s stock valued at $8,147,000 after purchasing an additional 11,404 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Interpublic Group of Companies by 70.6% during the second quarter. Profund Advisors LLC now owns 17,241 shares of the business services provider’s stock valued at $389,000 after purchasing an additional 7,135 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Interpublic Group of Companies by 87.3% during the second quarter. Jane Street Group LLC now owns 109,959 shares of the business services provider’s stock valued at $2,484,000 after purchasing an additional 51,244 shares in the last quarter. Institutional investors own 98.00% of the company’s stock.

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.

Featured Story: What does it mean to hold a stock in street name?

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.