Interpublic Group of Companies Target of Unusually High Options Trading (NYSE:IPG)

Interpublic Group of Companies Inc (NYSE:IPG) was the recipient of unusually large options trading on Thursday. Stock traders purchased 2,255 put options on the company. This is an increase of approximately 3,856% compared to the typical daily volume of 57 put options.

A number of research firms recently issued reports on IPG. Credit Suisse Group set a $26.00 price target on Interpublic Group of Companies and gave the stock 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 price objective 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 reaffirmed a “hold” rating on shares of Interpublic Group of Companies in a report on Friday, September 29th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $25.57.

Shares of Interpublic Group of Companies (NYSE:IPG) opened at $21.35 on Friday. Interpublic Group of Companies has a 12-month low of $18.30 and a 12-month high of $25.71. 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 stock has a market cap of $8,296.80, a P/E ratio of 14.83, a PEG ratio of 1.29 and a beta of 1.47.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies had a net margin of 7.43% and a return on equity of 27.38%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business posted $0.31 earnings per share. Interpublic Group of Companies’s revenue was down 1.0% on a year-over-year basis. sell-side analysts anticipate that Interpublic Group of Companies will post 1.39 earnings per share for the current year.

In related news, Director H John Greeniaus sold 43,479 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.49% of the company’s stock.

Several hedge funds have recently bought and sold shares of IPG. Pacer Advisors Inc. lifted its position in shares of Interpublic Group of Companies by 8.1% during the 2nd quarter. Pacer Advisors Inc. now owns 8,368 shares of the business services provider’s stock valued at $206,000 after acquiring an additional 624 shares during the period. Neuberger Berman Group LLC lifted its position in shares of Interpublic Group of Companies by 16.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 25,057 shares of the business services provider’s stock valued at $616,000 after acquiring an additional 3,576 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Interpublic Group of Companies by 7.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 9,955 shares of the business services provider’s stock valued at $245,000 after acquiring an additional 720 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Interpublic Group of Companies by 0.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,354 shares of the business services provider’s stock valued at $722,000 after acquiring an additional 225 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of Interpublic Group of Companies during the 2nd quarter valued at approximately $779,000. Institutional investors own 99.88% of the company’s stock.

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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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