The Interpublic Group of Companies, Inc. (NYSE:IPG) Declares $0.31 Quarterly Dividend

The Interpublic Group of Companies, Inc. (NYSE:IPG – Get Rating) announced a quarterly dividend on Thursday, May 25th, RTT News reports. Investors of record on Tuesday, June 6th will be given a dividend of 0.31 per share by the business services provider on Tuesday, June 20th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.31%.

Interpublic Group of Companies has raised its dividend payment by an average of 7.3% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Interpublic Group of Companies has a dividend payout ratio of 39.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Interpublic Group of Companies to earn $3.16 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 39.2%.

Interpublic Group of Companies Price Performance

Shares of IPG traded down $0.12 on Thursday, reaching $37.49. The stock had a trading volume of 4,797,144 shares, compared to its average volume of 3,959,735. The firm has a market capitalization of $14.47 billion, a PE ratio of 16.23, a PEG ratio of 1.62 and a beta of 1.12. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average of $36.49 and a 200 day moving average of $35.33. Interpublic Group of Companies has a twelve month low of $25.14 and a twelve month high of $39.52.

Interpublic Group of Companies (NYSE:IPG – Get Rating) last posted its earnings results on Thursday, April 27th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. Interpublic Group of Companies had a return on equity of 29.28% and a net margin of 8.31%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the company earned $0.47 EPS. Interpublic Group of Companies’s revenue was down 1.8% on a year-over-year basis. Sell-side analysts expect that Interpublic Group of Companies will post 2.95 EPS for the current year.

Analysts Set New Price Targets

IPG has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Interpublic Group of Companies from $35.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, February 6th. Barclays reduced their target price on Interpublic Group of Companies from $42.00 to $40.00 in a research note on Friday, April 28th. Bank of America raised Interpublic Group of Companies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $38.00 to $40.00 in a research note on Thursday, March 30th. StockNews.com assumed coverage on Interpublic Group of Companies in a research note on Thursday, May 18th. They set a “sell” rating on the stock. Finally, BNP Paribas lowered Interpublic Group of Companies from an “outperform” rating to a “neutral” rating and set a $40.00 price target on the stock. in a research note on Wednesday, March 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.50.

Insider Transactions at Interpublic Group of Companies

In other news, CAO Christopher F. Carroll sold 16,507 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $35.54, for a total transaction of $586,658.78. Following the transaction, the chief accounting officer now owns 55,406 shares of the company’s stock, valued at $1,969,129.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Interpublic Group of Companies news, CFO Ellen Tobi Johnson sold 30,437 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $35.56, for a total value of $1,082,339.72. Following the transaction, the chief financial officer now owns 133,533 shares of the company’s stock, valued at $4,748,433.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christopher F. Carroll sold 16,507 shares of Interpublic Group of Companies stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $35.54, for a total value of $586,658.78. Following the sale, the chief accounting officer now directly owns 55,406 shares in the company, valued at approximately $1,969,129.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,779 shares of company stock valued at $3,250,936. Insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Interpublic Group of Companies

A number of hedge funds have recently made changes to their positions in IPG. Rockefeller Capital Management L.P. increased its stake in shares of Interpublic Group of Companies by 22.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,734 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 315 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Interpublic Group of Companies by 2.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,732 shares of the business services provider’s stock worth $391,000 after purchasing an additional 320 shares during the period. Clear Street Markets LLC boosted its stake in Interpublic Group of Companies by 94.9% in the 1st quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock worth $28,000 after purchasing an additional 372 shares during the period. Nations Financial Group Inc. IA ADV boosted its stake in Interpublic Group of Companies by 5.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,104 shares of the business services provider’s stock worth $302,000 after purchasing an additional 432 shares during the period. Finally, Colony Group LLC boosted its stake in shares of Interpublic Group of Companies by 4.5% during the 1st quarter. Colony Group LLC now owns 10,188 shares of the business services provider’s stock valued at $379,000 after buying an additional 440 shares during the period. Institutional investors own 96.75% of the company’s stock.

Interpublic Group of Companies Company Profile

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Interpublic Group of Cos., Inc engages in the provision of marketing, communications, and business transformation services. It operates through the following segments: Media, Data, and Engagement Solutions, Integrated Advertising and Creativity Led Solutions, and Specialized Communications and Experiential Solutions.