Interpublic Group of Companies Target of Unusually Large Options Trading (IPG)

Interpublic Group of Companies Inc (NYSE:IPG) was the target of some unusual options trading activity on Monday. Investors bought 3,876 call options on the company. This is an increase of 1,678% compared to the typical volume of 218 call options.

Shares of IPG opened at $23.47 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.50. Interpublic Group of Companies has a twelve month low of $18.51 and a twelve month high of $26.01. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 1.86 and a beta of 1.07.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Friday, October 19th. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. Interpublic Group of Companies had a net margin of 6.62% and a return on equity of 30.99%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts anticipate that Interpublic Group of Companies will post 1.74 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a $0.21 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.84 annualized dividend and a dividend yield of 3.58%. Interpublic Group of Companies’s dividend payout ratio is presently 59.57%.

In other news, Director Jocelyn Carter-Miller sold 8,735 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $23.24, for a total transaction of $203,001.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director H John Greeniaus sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $23.50, for a total transaction of $117,500.00. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. NuWave Investment Management LLC raised its stake in Interpublic Group of Companies by 117.3% during the third quarter. NuWave Investment Management LLC now owns 5,654 shares of the business services provider’s stock worth $129,000 after purchasing an additional 3,052 shares during the period. LifePlan Financial Group Inc purchased a new position in Interpublic Group of Companies during the second quarter worth approximately $187,000. Lourd Capital LLC purchased a new position in Interpublic Group of Companies during the third quarter worth approximately $203,000. Round Table Services LLC purchased a new position in Interpublic Group of Companies during the third quarter worth approximately $203,000. Finally, Bessemer Group Inc. raised its stake in Interpublic Group of Companies by 242.7% during the third quarter. Bessemer Group Inc. now owns 9,647 shares of the business services provider’s stock worth $222,000 after purchasing an additional 6,832 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on IPG. Zacks Investment Research upgraded shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Monday. BMO Capital Markets upped their target price on shares of Interpublic Group of Companies from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 24th. Citigroup upped their target price on shares of Interpublic Group of Companies from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 19th. Morgan Stanley restated an “equal weight” rating and set a $24.00 target price on shares of Interpublic Group of Companies in a research report on Monday, October 15th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Interpublic Group of Companies in a research report on Thursday, October 11th. They set an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Interpublic Group of Companies has a consensus rating of “Hold” and an average target price of $25.56.

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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.

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