Favorable Media Coverage Somewhat Unlikely to Impact Interpublic Group of Companies (IPG) Share Price
News articles about Interpublic Group of Companies (NYSE:IPG) have trended positive on Saturday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Interpublic Group of Companies earned a news impact score of 0.46 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 46.3974762312901 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Interpublic Group of Companies (IPG) Upgraded to Neutral at Atlantic Securities (americanbankingnews.com)
- UBS Asset Management Americas Inc. Buys 38,062 Shares of Interpublic Group of Companies Inc (IPG) (americanbankingnews.com)
- Channing Capital Management LLC Grows Holdings in Interpublic Group of Companies Inc (IPG) (americanbankingnews.com)
- Helzberg Diamonds Is Primed For Shinier Things With New Chief Marketing Officer And New Agency Partner (finance.yahoo.com)
- Interpublic Group of Companies Inc (IPG) Shares Bought by Arizona State Retirement System (americanbankingnews.com)
Shares of Interpublic Group of Companies (NYSE IPG) traded up $0.57 during trading hours on Friday, reaching $23.58. 6,790,669 shares of the company traded hands, compared to its average volume of 6,730,000. Interpublic Group of Companies has a one year low of $18.30 and a one year high of $26.01. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The firm has a market cap of $9,160.00, a P/E ratio of 17.21, a PEG ratio of 1.96 and a beta of 1.31.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.56%. The ex-dividend date is Wednesday, February 28th. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.18. Interpublic Group of Companies’s dividend payout ratio is 61.31%.
Interpublic Group of Companies declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 14th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
IPG has been the topic of several recent analyst reports. Morgan Stanley upped their price objective on shares of Interpublic Group of Companies to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. BMO Capital Markets upped their price objective on shares of Interpublic Group of Companies from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Pivotal Research restated a “buy” rating and set a $26.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, January 23rd. Wells Fargo & Co downgraded shares of Interpublic Group of Companies from an “outperform” rating to a “market perform” rating and set a $23.00 price objective on the stock. in a report on Thursday, January 18th. Finally, Zacks Investment Research upgraded shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. Interpublic Group of Companies has an average rating of “Hold” and an average target price of $25.92.
In related news, CAO Christopher F. Carroll sold 21,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $23.62, for a total value of $496,020.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Isor Roth sold 188,732 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $23.59, for a total transaction of $4,452,187.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 359,902 shares of company stock worth $8,465,679. 1.49% of the stock is owned by corporate insiders.
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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).
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