In Thursday’s Wall Street session, Interpublic Group Of Cos., Inc (NYSE:IPG) shares traded at $27.56, up 0.04% from the previous session.
IPG stock price is now -2.61% away from the 50-day moving average and -7.97% away from the 200-day moving average. The market capitalization of the company currently stands at $10.27B.
, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, CARROLL CHRISTOPHER F, SVP, Controller & CAO sold 18,382 shares of the company’s stock on Feb 27 ’24. The stock was sold for $591,900 at an average price of $32.20. Upon completion of the transaction, the SVP, Controller & CAO now directly owns 42,390 shares in the company, valued at $1.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27 ’24, CFO Johnson Ellen Tobi sold 40,393 shares of the business’s stock. A total of $1,300,655 was realized by selling the stock at an average price of $32.20. This leaves the insider owning 88,350 shares of the company worth $2.43 million. A total of 0.43% of the company’s stock is owned by insiders.
During the past 12 months, Interpublic Group Of Cos., Inc has had a low of $26.30 and a high of $35.17. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 1.09, and a quick ratio of 1.09.
The net profit margin was 6.45% and return on equity was 21.83% for IPG. The company reported revenue of $2.86 billion for the quarter, compared to $3.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.5 percent.
