Interpublic Group of Companies Inc (IPG) Director Sells $117,500.00 in Stock

Interpublic Group of Companies Inc (NYSE:IPG) Director H John Greeniaus sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $23.50, for a total value of $117,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of IPG stock opened at $22.80 on Friday. The company has a market cap of $8.76 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 1.76 and a beta of 1.07. Interpublic Group of Companies Inc has a 12-month low of $18.30 and a 12-month high of $26.01. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.50.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. Interpublic Group of Companies had a return on equity of 30.99% and a net margin of 6.62%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. On average, equities research analysts expect that Interpublic Group of Companies Inc will post 1.74 earnings per share for the current year.

Several analysts have commented on IPG shares. JPMorgan Chase & Co. started coverage on Interpublic Group of Companies in a research note on Thursday, October 11th. They set an “overweight” rating for the company. Macquarie raised Interpublic Group of Companies from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $24.00 to $25.00 in a research note on Thursday, September 20th. Zacks Investment Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, September 25th. ValuEngine raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $24.00 price objective on shares of Interpublic Group of Companies in a research note on Monday, October 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.56.

Several hedge funds have recently modified their holdings of IPG. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Interpublic Group of Companies by 18.4% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,300 shares of the business services provider’s stock worth $558,000 after buying an additional 3,785 shares in the last quarter. CIBC World Markets Inc. purchased a new position in shares of Interpublic Group of Companies during the 1st quarter worth approximately $488,000. DnB Asset Management AS raised its stake in shares of Interpublic Group of Companies by 8.1% during the 2nd quarter. DnB Asset Management AS now owns 47,900 shares of the business services provider’s stock worth $1,123,000 after buying an additional 3,600 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of Interpublic Group of Companies by 57.4% during the 2nd quarter. IFM Investors Pty Ltd now owns 16,521 shares of the business services provider’s stock worth $387,000 after buying an additional 6,026 shares in the last quarter. Finally, CX Institutional purchased a new position in shares of Interpublic Group of Companies during the 2nd quarter worth approximately $1,389,000. 99.93% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Price to Earnings Ratio (PE) Basics

Insider Buying and Selling by Quarter for Interpublic Group of Companies (NYSE:IPG)

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