Interpublic Group of Companies, (IPG) Hits 52-Week High

Marco Green
August 17, 2017

United States of America based company, The Interpublic Group of Companies, Inc. (The) by 15.2% in the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider's stock valued at $111,000 after buying an additional 3,979 shares during the period. (The) were worth $127,000 as of its most recent SEC filing.

Several other equities analysts also recently weighed in on the company. However, it, too, needs to be taken into the context of a company's peer group as well as its sector. Bancorpsouth Inc. now owns 13,704 shares of the business services provider's stock valued at $337,000 after buying an additional 3,508 shares during the period. The original version of this article can be accessed at Share performance for the month is now at 1.68%. Vanguard Group Inc. boosted its position in shares of Interpublic Group of Companies, Inc. Vaughan Nelson Investment Management L.P. now owns 1,878,350 shares of the business services provider's stock valued at $46,206,000 after buying an additional 247,275 shares during the period. Meanwhile, due to a recent pullback which led to a fall of nearly -4.46% in the past one month, the stock price is now outperforming with 3.06% so far on the year - still in weak zone. Finally, Bank of New York Mellon Corp increased its stake in Omnicom Group by 9.0% in the first quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider's stock valued at $135,000 after buying an additional 331 shares during the period. Institutional investors own 98.30% of the company's stock. Interpublic Group of Companies, Inc. has a 12 month low of $20.65 and a 12 month high of $25.71. (NYSE:IPG) opened at 21.06 on Monday. The company has a market cap of $17.94 billion, a price-to-earnings ratio of 15.70 and a beta of 1.25. The stock's 50 day moving average is $23.19 and its 200-day moving average is $24.04. (The) from an outperform rating to a neutral rating and cut their target price for the company from $28.00 to $24.00 in a research note on Tuesday, June 6th.

Since the beginning of the calendar year, the stock is 0.35%.

As of the end of the quarter Piedmont Investment Advisors LLC had bought 3,826 shares growing its stake by 2.7%. The company's net profit margin has achieved the current level of 7.2 percent and possesses 0 percent gross margin. The firm has estimated EPS growth for next year stands at 4.35%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.95 billion.

The consensus analysts recommendation at this point stands at 2.20 for The Interpublic Group of Companies, Inc.

The company recently announced a dividend for shareholders payable on Friday September 15th, 2017. Stockholders of record on Friday, September 1st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Wednesday, August 30th. This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm. (The) from $28.00 to $27.00 and set a buy rating for the company in a research note on Wednesday, July 26th. Zacks Investment Research lowered Interpublic Group of Companies, Inc. (The) in a research report on Monday, April 17th. They issued an "in-line" rating and a $91.00 price target on the stock. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. This is the current Zacks consensus EPS which was calculated at the time of writing. The stock was trading on below-average volume. The shares were sold at an average price of $24.26, for a total value of $142,018.04. Following the completion of the transaction, the senior vice president now directly owns 10,592 shares in the company, valued at $256,961.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The stock traded at a volume of 2.65 million shares. The total value of its holdings decreased 44.4%.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The disclosure for this sale can be found here.

In other news, SVP Julie Connors sold 5,854 shares of the stock in a transaction that occurred on Thursday, June 22nd.

Valuation Ratios of Interpublic Group of Companies, Inc. The Company provides advertising, marketing and corporate communications services.

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