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

Interpublic Group of Companies Inc (NYSE:IPG) saw unusually large options trading activity on Thursday. Traders bought 2,255 put options on the stock. This is an increase of 3,856% compared to the average daily volume of 57 put options.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of Interpublic Group of Companies stock in a transaction on Friday, November 10th. The shares were 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 Securities & Exchange Commission, which is available through this hyperlink. 1.49% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Acrospire Investment Management LLC boosted its position in Interpublic Group of Companies by 755.0% in the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after buying an additional 3,979 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. boosted its position in Interpublic Group of Companies by 35.6% in the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after buying an additional 1,254 shares during the last quarter. Franklin Resources Inc. purchased a new stake in Interpublic Group of Companies in the second quarter valued at approximately $205,000. Pacer Advisors Inc. boosted its position in Interpublic Group of Companies by 8.1% in the second quarter. Pacer Advisors Inc. now owns 8,368 shares of the business services provider’s stock valued at $206,000 after buying an additional 624 shares during the last quarter. Finally, Bank of Stockton purchased a new stake in Interpublic Group of Companies in the fourth quarter valued at approximately $219,000. Institutional investors and hedge funds own 98.42% of the company’s stock.

IPG has been the subject of several research analyst reports. BMO Capital Markets decreased their target price on Interpublic Group of Companies from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, October 26th. TheStreet downgraded Interpublic Group of Companies from a “b-” rating to a “c+” rating in a research report on Wednesday, November 22nd. Bank of America downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 25th. Macquarie downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 2nd. Finally, ValuEngine downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $25.71.

Shares of Interpublic Group of Companies (NYSE:IPG) traded down $0.53 during trading on Monday, reaching $20.77. 7,730,000 shares of the company’s stock were exchanged, compared to its average volume of 4,280,000. Interpublic Group of Companies has a fifty-two week low of $18.30 and a fifty-two week high of $25.71. The company has a market capitalization of $8,070.00, a P/E ratio of 25.64, a PEG ratio of 2.19 and a beta of 1.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/05/interpublic-group-of-companies-sees-unusually-high-options-volume-ipg.html.

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).

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply