The Interpublic Group of Companies, Inc. (NYSE:IPG) CFO Sells $1,300,654.60 in Stock

The Interpublic Group of Companies, Inc. (NYSE:IPGGet Free Report) CFO Ellen Tobi Johnson sold 40,393 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total value of $1,300,654.60. Following the completion of the transaction, the chief financial officer now directly owns 88,350 shares of the company’s stock, valued at $2,844,870. The sale was disclosed in a filing with the SEC, which is available at this link.

Interpublic Group of Companies Trading Down 2.0 %

Shares of IPG traded down $0.66 on Wednesday, reaching $31.74. 2,828,109 shares of the company’s stock were exchanged, compared to its average volume of 3,733,940. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $12.02 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 1.78 and a beta of 1.15. The business has a 50 day moving average price of $32.48 and a two-hundred day moving average price of $31.11. The Interpublic Group of Companies, Inc. has a 12 month low of $27.20 and a 12 month high of $40.95.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. Interpublic Group of Companies had a net margin of 10.09% and a return on equity of 30.52%. Interpublic Group of Companies’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.02 earnings per share. Research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.89 earnings per share for the current year.

Interpublic Group of Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $1.32 dividend on an annualized basis and a yield of 4.16%. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.31. Interpublic Group of Companies’s dividend payout ratio (DPR) is 43.51%.

Hedge Funds Weigh In On Interpublic Group of Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Compass Wealth Management LLC bought a new position in Interpublic Group of Companies during the fourth quarter worth about $25,000. Clear Street Markets LLC boosted its holdings in Interpublic Group of Companies by 94.9% during the first quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock worth $28,000 after buying an additional 372 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at $29,000. Voisard Asset Management Group Inc. bought a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at $31,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Interpublic Group of Companies in the 3rd quarter valued at $33,000. Institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IPG. Barclays increased their target price on Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. JPMorgan Chase & Co. dropped their target price on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Wells Fargo & Company boosted their price target on shares of Interpublic Group of Companies from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Finally, UBS Group initiated coverage on shares of Interpublic Group of Companies in a research note on Thursday, January 11th. They set a “neutral” rating and a $36.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $35.78.

View Our Latest Report on IPG

About Interpublic Group of Companies

(Get Free Report)

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.

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