Interpublic Group of Companies Sees Unusually High Options Volume (IPG)

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

Several research firms have weighed in on IPG. Credit Suisse Group set a $26.00 target price on Interpublic Group of Companies and gave the company a “buy” rating in a report on Wednesday, October 11th. Argus lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a report on Tuesday, October 31st. Zacks Investment Research lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Royal Bank of Canada reissued a “hold” rating on shares of Interpublic Group of Companies in a report on Friday, September 29th. Finally, Pivotal Research reissued a “buy” rating and issued a $23.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.77.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of the company’s stock in a transaction on 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 SEC, which is accessible through the SEC website. 1.49% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of IPG. Ameritas Investment Partners Inc. lifted its position in Interpublic Group of Companies by 1.0% during the second 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 during the period. Sentry Investment Management LLC lifted its position in Interpublic Group of Companies by 1.1% during the second 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 during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Interpublic Group of Companies by 0.8% during the second 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 during the period. D.A. Davidson & CO. lifted its position in Interpublic Group of Companies by 1.6% during the second 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 during the period. Finally, Stifel Financial Corp lifted its position in Interpublic Group of Companies by 0.3% during the second quarter. Stifel Financial Corp now owns 108,288 shares of the business services provider’s stock worth $2,661,000 after buying an additional 351 shares during the period. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of Interpublic Group of Companies (NYSE IPG) opened at $21.74 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93. The company 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 has a 52 week low of $18.30 and a 52 week high of $25.71.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.31 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%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. research analysts expect that Interpublic Group of Companies will post 1.39 EPS for the current year.

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

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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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