H John Greeniaus Sells 14,600 Shares of Interpublic Group of Companies Inc (NYSE:IPG) Stock

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Interpublic Group of Companies Inc (NYSE:IPG) Director H John Greeniaus sold 14,600 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $23.84, for a total transaction of $348,064.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

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

Shares of IPG stock traded down $0.14 during mid-day trading on Friday, hitting $23.15. The stock had a trading volume of 3,475,070 shares, compared to its average volume of 5,934,919. Interpublic Group of Companies Inc has a fifty-two week low of $18.30 and a fifty-two week high of $26.01. The stock has a market capitalization of $8,892.78, a PE ratio of 16.42, a price-to-earnings-growth ratio of 2.04 and a beta of 1.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.97 and a current ratio of 0.97.

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

Interpublic Group of Companies announced that its board has approved a stock buyback program on Wednesday, February 14th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.18. Interpublic Group of Companies’s dividend payout ratio (DPR) is 59.57%.

Hedge funds have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Interpublic Group of Companies in the 4th quarter worth $113,000. NuWave Investment Management LLC acquired a new stake in shares of Interpublic Group of Companies in the 4th quarter worth $129,000. MML Investors Services LLC acquired a new stake in shares of Interpublic Group of Companies in the 4th quarter worth $201,000. Virtu Financial LLC acquired a new stake in shares of Interpublic Group of Companies in the 4th quarter worth $208,000. Finally, Bank of Stockton acquired a new stake in shares of Interpublic Group of Companies in the 4th quarter worth $219,000. Institutional investors own 99.49% of the company’s stock.

Several brokerages recently weighed in on IPG. Pivotal Research reaffirmed a “hold” rating and set a $26.00 target price on shares of Interpublic Group of Companies in a research note on Monday, February 19th. Macquarie raised shares of Interpublic Group of Companies from an “underperform” rating to a “neutral” rating and set a $24.00 target price on the stock in a research report on Friday, February 16th. Wells Fargo reiterated a “hold” rating on shares of Interpublic Group of Companies in a research note on Wednesday, February 14th. Jefferies Group reiterated a “neutral” rating on shares of Interpublic Group of Companies in a research note on Thursday, February 15th. Finally, BMO Capital Markets increased their price target on shares of Interpublic Group of Companies from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.85.

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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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