Interpublic Group of Companies, Inc. (The) (IPG) Director H John Greeniaus Sells 43,479 Shares

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Director H John Greeniaus sold 43,479 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $19.00, for a total value of $826,101.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) opened at $18.67 on Tuesday. Interpublic Group of Companies, Inc. has a 1-year low of $18.46 and a 1-year high of $25.71. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $7,301.96, a price-to-earnings ratio of 13.62, a PEG ratio of 1.16 and a beta of 1.46.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.02). The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.96 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.38% and a net margin of 7.43%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. sell-side analysts expect that Interpublic Group of Companies, Inc. will post 1.4 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of IPG. Wells Fargo & Company MN increased its position in Interpublic Group of Companies, Inc. (The) by 159.5% during the third quarter. Wells Fargo & Company MN now owns 7,250,126 shares of the business services provider’s stock worth $150,730,000 after buying an additional 4,455,788 shares during the last quarter. River Road Asset Management LLC acquired a new position in Interpublic Group of Companies, Inc. (The) during the second quarter worth $49,040,000. Janus Henderson Group PLC grew its position in shares of Interpublic Group of Companies, Inc. (The) by 4,195.7% in the second quarter. Janus Henderson Group PLC now owns 1,815,832 shares of the business services provider’s stock valued at $44,669,000 after purchasing an additional 1,773,561 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Interpublic Group of Companies, Inc. (The) by 21.3% in the second quarter. Goldman Sachs Group Inc. now owns 8,547,989 shares of the business services provider’s stock valued at $210,280,000 after purchasing an additional 1,503,316 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Interpublic Group of Companies, Inc. (The) by 34.0% in the third quarter. Bank of New York Mellon Corp now owns 5,683,391 shares of the business services provider’s stock valued at $118,158,000 after purchasing an additional 1,442,288 shares during the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on IPG shares. Citigroup Inc. raised Interpublic Group of Companies, Inc. (The) from a “neutral” rating to a “buy” rating in a report on Wednesday, September 6th. Royal Bank Of Canada set a $24.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the stock a “hold” rating in a report on Tuesday, August 29th. Jefferies Group LLC set a $26.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the stock a “buy” rating in a report on Monday, August 28th. Zacks Investment Research lowered Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Credit Suisse Group set a $26.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) has a consensus rating of “Hold” and a consensus target price of $25.77.

Interpublic Group of Companies, Inc. (The) 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, Inc. (The) (NYSE:IPG)

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