The Interpublic Group of Companies, Inc. (NYSE:IPG – Get Rating) Director Mary Guilfoile sold 6,301 shares of Interpublic Group of Companies stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $32.41, for a total value of $204,215.41. Following the completion of the transaction, the director now directly owns 102,803 shares in the company, valued at $3,331,845.23. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
IPG stock traded down $0.37 during midday trading on Friday, hitting $32.78. 2,609,594 shares of the company’s stock were exchanged, compared to its average volume of 3,911,030. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. The Interpublic Group of Companies, Inc. has a 12-month low of $30.45 and a 12-month high of $39.98. The firm has a 50 day moving average price of $34.86 and a 200-day moving average price of $35.78. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99.
The name of the ONE stock (ticker symbol and all) that has helped over 170,000 people discover how to gain their financial freedom…
Interpublic Group of Companies (NYSE:IPG – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Interpublic Group of Companies had a return on equity of 31.10% and a net margin of 9.67%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the business earned $0.45 EPS. Interpublic Group of Companies’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, sell-side analysts forecast that The Interpublic Group of Companies, Inc. will post 2.72 EPS for the current fiscal year.
Interpublic Group of Companies announced that its Board of Directors has authorized a share buyback plan on Thursday, February 10th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the business services provider to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.54%. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, February 28th. Interpublic Group of Companies’s payout ratio is 45.31%.
Several equities analysts have recently weighed in on IPG shares. Argus raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Monday, March 21st. StockNews.com began coverage on Interpublic Group of Companies in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley boosted their price target on Interpublic Group of Companies from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, February 11th. Barclays lowered Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $47.00 to $42.00 in a research report on Monday, March 14th. Finally, Bank of America lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating and set a $32.00 price target on the stock. in a research report on Thursday, January 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $39.90.
Several hedge funds and other institutional investors have recently modified their holdings of IPG. Disciplined Investments LLC bought a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at approximately $25,000. Core Alternative Capital bought a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at approximately $25,000. Oakworth Capital Inc. increased its holdings in shares of Interpublic Group of Companies by 390.2% in the 3rd quarter. Oakworth Capital Inc. now owns 1,005 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 800 shares during the last quarter. Eaton Vance Management increased its holdings in shares of Interpublic Group of Companies by 6.2% in the 3rd quarter. Eaton Vance Management now owns 10,109 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 590 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Interpublic Group of Companies by 252.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,206 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 864 shares during the last quarter. Institutional investors and hedge funds own 99.68% of the company’s stock.
About Interpublic Group of Companies (Get Rating)
The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data science services.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Interpublic Group of Companies right now?
Before you consider Interpublic Group of Companies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Interpublic Group of Companies wasn’t on the list.
While Interpublic Group of Companies currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Read More: Insider Selling: The Interpublic Group of Companies, Inc. (NYSE:IPG) Director Sells 6,301