Interpublic Group of Companies Inc (NYSE:IPG) Director Jocelyn Carter-Miller sold 5,800 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $22.46, for a total transaction of $130,268.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

IPG traded up $0.19 during trading on Thursday, hitting $22.42. 5,420,910 shares of the company traded hands, compared to its average volume of 4,920,928. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 4.51 and a beta of 1.07. Interpublic Group of Companies Inc has a 1 year low of $19.61 and a 1 year high of $25.77. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.01 and a current ratio of 1.01.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Wednesday, February 13th. The business services provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.10. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Interpublic Group of Companies had a net margin of 6.37% and a return on equity of 32.07%. Interpublic Group of Companies’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted $0.79 earnings per share. On average, equities research analysts forecast that Interpublic Group of Companies Inc will post 1.86 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 4.19%. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, February 28th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 50.54%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MUFG Securities EMEA plc grew its stake in Interpublic Group of Companies by 924.6% during the fourth quarter. MUFG Securities EMEA plc now owns 106,603 shares of the business services provider’s stock valued at $2,199,000 after acquiring an additional 96,199 shares in the last quarter. Norges Bank purchased a new position in shares of Interpublic Group of Companies in the 4th quarter worth $99,044,000. Teacher Retirement System of Texas grew its stake in shares of Interpublic Group of Companies by 21.9% in the 4th quarter. Teacher Retirement System of Texas now owns 354,029 shares of the business services provider’s stock worth $7,304,000 after buying an additional 63,500 shares in the last quarter. Valley National Advisers Inc. purchased a new position in shares of Interpublic Group of Companies in the 4th quarter worth $66,000. Finally, Aurora Investment Counsel grew its stake in shares of Interpublic Group of Companies by 4.7% in the 4th quarter. Aurora Investment Counsel now owns 89,441 shares of the business services provider’s stock worth $1,845,000 after buying an additional 4,006 shares in the last quarter. 99.62% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on IPG. Zacks Investment Research raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Pivotal Research raised shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $22.00 to $25.00 in a research note on Monday, January 7th. Finally, Royal Bank of Canada cut shares of Interpublic Group of Companies from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $28.00 to $24.00 in a research note on Thursday, January 17th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.44.

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Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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

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