Interpublic Group of Companies Inc (NYSE:IPG) Director H John Greeniaus sold 14,600 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $23.84, for a total value of $348,064.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

H John Greeniaus also recently made the following trade(s):

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  • On Friday, March 2nd, H John Greeniaus sold 14,242 shares of Interpublic Group of Companies stock. The shares were sold at an average price of $23.50, for a total value of $334,687.00.

Interpublic Group of Companies Inc (NYSE IPG) opened at $23.44 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.58. Interpublic Group of Companies Inc has a 12-month low of $18.30 and a 12-month high of $26.01. The firm has a market capitalization of $9,110.00, a P/E ratio of 17.11, a PEG ratio of 2.11 and a beta of 1.31.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Wednesday, February 14th. The business services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Interpublic Group of Companies had a return on equity of 27.07% and a net margin of 7.35%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. Interpublic Group of Companies’s revenue for the quarter was up 3.4% on a year-over-year basis. research analysts predict that Interpublic Group of Companies Inc will post 1.7 EPS for the current fiscal year.

Interpublic Group of Companies declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 14th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.58%. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, February 28th. Interpublic Group of Companies’s dividend payout ratio is presently 61.31%.

IPG has been the topic of several recent analyst reports. TheStreet raised Interpublic Group of Companies from a “c+” rating to a “b-” rating in a research note on Monday, February 12th. Zacks Investment Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, February 13th. Pivotal Research reissued a “buy” rating and issued a $26.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, January 23rd. Morgan Stanley boosted their price target on Interpublic Group of Companies to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $26.00 price target on shares of Interpublic Group of Companies in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $25.92.

Several large investors have recently modified their holdings of the company. Buckingham Capital Management Inc. raised its position in shares of Interpublic Group of Companies by 13.4% during the third quarter. Buckingham Capital Management Inc. now owns 20,075 shares of the business services provider’s stock worth $417,000 after purchasing an additional 2,370 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in Interpublic Group of Companies by 13.1% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,682 shares of the business services provider’s stock valued at $492,000 after buying an additional 2,740 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Interpublic Group of Companies by 15.8% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,515 shares of the business services provider’s stock valued at $414,000 after buying an additional 2,792 shares during the last quarter. Amalgamated Bank raised its position in Interpublic Group of Companies by 3.5% in the 4th quarter. Amalgamated Bank now owns 83,110 shares of the business services provider’s stock valued at $1,675,000 after buying an additional 2,814 shares during the last quarter. Finally, Hennessy Advisors Inc. raised its position in Interpublic Group of Companies by 3.9% in the 3rd quarter. Hennessy Advisors Inc. now owns 87,700 shares of the business services provider’s stock valued at $1,823,000 after buying an additional 3,300 shares during the last quarter. 99.49% of the stock is currently owned by institutional investors.

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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).

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

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