Interpublic Group Of Cos., Inc. (IPG) Stock Could Soon Reward Patient Investors

Interpublic Group Of Cos., Inc. (NYSE: IPG) is -5.70% lower on its value in year-to-date trading and has touched a low of $27.20 and a high of $40.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IPG stock was last observed hovering at around $31.80 in the last trading session, with the day’s loss setting it -1.02%.

Currently trading at $30.78, the stock is -5.26% and -4.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.65 million and changing -3.21% at the moment leaves the stock -7.48% off its SMA200. IPG registered -19.36% loss for a year compared to 6-month loss of -7.48%. The firm has a 50-day simple moving average (SMA 50) of $1.36 and a 200-day simple moving average (SMA200) of $7.61.

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The stock witnessed a -5.52% gain in the last 1 month and extending the period to 3 months gives it a 6.21%, and is -6.95% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.25% over the week and 2.05% over the month.

Interpublic Group Of Cos., Inc. (IPG) has around Feb 29 2024 employees, a market worth around $11.79B and $10.89B in sales. Current P/E ratio is 10.79 and Fwd P/E is 10.05. Profit margin for the company is 10.09%. Distance from 52-week low is 13.16% and -24.84% from its 52-week high. The company has generated returns on investments over the last 12 months (14.00%).

Interpublic Group Of Cos., Inc. quarterly earnings per share for the current quarter are estimated at $0.35 with sales reaching $2.19B over the same period.The EPS is expected to shrink by -3.89% this year, but quarterly earnings will post 1.60% year-over-year. Quarterly sales are estimated to shrink -0.30% in year-over-year returns.

Interpublic Group Of Cos., Inc. (IPG) Top Institutional Holders

1,035 institutions hold shares in Interpublic Group Of Cos., Inc. (IPG), with institutional investors hold 103.32% of the company’s shares. The shares outstanding are 386.50M, and float is at 381.60M with Short Float at 3.87%. Institutions hold 102.94% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 46.23 million shares valued at $1.78 billion. The investor’s holdings represent 12.01% of the IPG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 38.69 million shares valued at $1.49 billion to account for 10.05% of the shares outstanding. The other top investors are Bank of America Corporation which holds 22.71 million shares representing 5.90% and valued at over $875.96 million, while State Street Corporation holds 5.62% of the shares totaling 21.62 million with a market value of $834.14 million.

Interpublic Group Of Cos., Inc. (IPG) Insider Activity

A total of 1 insider transactions have happened at Interpublic Group Of Cos., Inc. (IPG) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider sale by HUDSON DAWN E ,the company’sDirector. SEC filings show that HUDSON DAWN E sold 5,950 shares of the company’s common stock on Mar 15 at a price of $33.15 per share for a total of $0.2 million. Following the sale, the insider now owns 26930.0 shares.

Interpublic Group Of Cos., Inc. disclosed in a document filed with the SEC on Mar 02 that Carter-Miller Jocelyn (Director) sold a total of 6,425 shares of the company’s common stock. The trade occurred on Mar 02 and was made at $35.50 per share for $0.23 million. Following the transaction, the insider now directly holds 31789.0 shares of the IPG stock.

Still, SEC filings show that on Mar 01, KRAKOWSKY PHILIPPE (CEO) disposed off 71,020 shares at an average price of $35.61 for $2.53 million. The insider now directly holds 584,012 shares of Interpublic Group Of Cos., Inc. (IPG).

Interpublic Group Of Cos., Inc. (IPG): Who are the competitors?

The company’s main competitors (and peers) include Trade Desk Inc. Cl A (TTD) that is trading 46.64% up over the past 12 months. Gartner Inc. (IT) that is 31.88% higher over the same period.