In yesterday’s Wall Street session, The Interpublic Group of Companies Inc. (NYSE:IPG) shares traded at $38.60, up 0.05% from the previous session.
As of this writing, 15 analysts cover The Interpublic Group of Companies Inc. (NYSE:IPG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $37.00, we find $40.00. Given the previous closing price of $38.58, this indicates a potential upside of 3.68 percent. IPG stock price is now 6.80% away from the 50-day moving average and 17.20% away from the 200-day moving average. The market capitalization of the company currently stands at $14.84B.
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There are 9 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $40.45 as their price target over the next twelve months.
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In other news, HUDSON DAWN E, Director sold 5,950 shares of the company’s stock on Mar 15. The stock was sold for $197,242 at an average price of $33.15. Upon completion of the transaction, the Director now directly owns 26,930 shares in the company, valued at $1.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 02, Director Carter-Miller Jocelyn sold 6,425 shares of the business’s stock. A total of $228,088 was realized by selling the stock at an average price of $35.50. This leaves the insider owning 31,789 shares of the company worth $1.23 million. Insiders disposed of 375,183 shares of company stock worth roughly $14.48 million over the past 1 year. A total of 0.51% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IPG stock. A new stake in The Interpublic Group of Companies Inc. shares was purchased by ARDEVORA ASSET MANAGEMENT LLP during the first quarter worth $56,260,000. WEDGE CAPITAL MANAGEMENT L L P/NC invested $32,695,000 in shares of IPG during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in The Interpublic Group of Companies Inc. valued at approximately $23,292,000. DORSEY WRIGHT & ASSOCIATES acquired a new stake in IPG for approximately $5,760,000. SQUAREPOINT OPS LLC purchased a new stake in IPG valued at around $5,688,000 in the second quarter. In total, there are 1,041 active investors with 101.87% ownership of the company’s stock.
Monday morning saw The Interpublic Group of Companies Inc. (NYSE: IPG) opened at $38.71. During the past 12 months, The Interpublic Group of Companies Inc. has had a low of $25.14 and a high of $39.52. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 1.00, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $16.59B, which is based on a 16.78 price-to-earnings ratio, a 2.50 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for IPG is $36.24 and a two-hundred day moving average price translates $32.98 for the stock.
The latest earnings results from The Interpublic Group of Companies Inc. (NYSE: IPG) was released for Mar, 2023. According to the Advertising Agencies Company, earnings per share came in at $0.38, beating analysts’ expectations of $0.34 by 0.04. This compares to $0.40 EPS in the same period last year. The net profit margin was 8.30% and return on equity was 25.80% for IPG. The company reported revenue of $2.52 billion for the quarter, compared to $2.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.85 percent. For the current quarter, analysts expect IPG to generate $2.39B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/15/2023. Investors who held shares on 03/01/2023 were paid a $0.31 dividend. On an annualized basis, this represents a $1.24 dividend and a 3.21% percent yield. There was an ex-dividend date of 02/28/2023 for this dividend. In terms of dividend payout ratio, IPG is presently at 50.80%.
The Interpublic Group of Companies Inc.(IPG) Company Profile
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. The Integrated Advertising & Creativity Led Solutions segment offers advertising, corporate, and brand identity services; and strategic consulting. Specialized Communications & Experiential Solutions segment provides public relations and other specialized communications services, events, sports and entertainment marketing, and strategic consulting. The company was formerly known as McCann-Erickson Incorporated and changed its name to The Interpublic Group of Companies, Inc. in `January 1961. The Interpublic Group of Companies, Inc. was founded in 1902 and is headquartered in New York, New York.
