Interpublic Group Of Cos., Inc (NYSE: IPG) is -15.69% lower on its value in year-to-date trading and has touched a low of $27.01 and a high of $35.17 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 $27.09 in the last trading session, with the day’s gains setting it 0.43%.
Currently trading at $27.52, the stock is -6.73% and -9.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.7 million and changing 1.59% at the moment leaves the stock -11.11% off its SMA200. IPG registered -7.74% loss for a year compared to 6-month gain of -13.95%. The firm has a 50-day simple moving average (SMA 50) of $30.6174 and a 200-day simple moving average (SMA200) of $30.98705.
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The stock witnessed a -14.08% loss in the last 1 month and extending the period to 3 months gives it a -11.94%, and is -7.09% 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 3.17% over the week and 2.37% over the month.
Interpublic Group Of Cos., Inc (IPG) has around 57400 employees, a market worth around $9.51B and $10.86B in sales. Current P/E ratio is 12.99 and Fwd P/E is 9.91. Profit margin for the company is 7.44%. Distance from 52-week low is 1.89% and -21.75% from its 52-week high. The company has generated returns on investments over the last 12 months (10.44%).
with sales reaching $2.57B over the same period.The EPS is expected to shrink by -5.20% this year, but quarterly earnings will post -1.05% year-over-year. Quarterly sales are estimated to shrink -0.75% in year-over-year returns.
Interpublic Group Of Cos., Inc (IPG) Top Institutional Holders
1038.0 institutions hold shares in Interpublic Group Of Cos., Inc (IPG), with institutional investors hold 106.94% of the company’s shares. The shares outstanding are 378.70M, and float is at 371.12M with Short Float at 7.05%. Institutions hold 106.50% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 46.06 million shares valued at $1.34 billion. The investor’s holdings represent 12.2391% of the IPG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 43.36 million shares valued at $1.26 billion to account for 11.5235 of the shares outstanding. The other top investors are STATE STREET CORP which holds 25.92 million shares representing 6.8892% and valued at over $754.13 million, while BANK OF AMERICA CORP /DE/ holds 5.6037 of the shares totaling 21.09 million with a market value of $613.41 million.
Interpublic Group Of Cos., Inc (IPG) Insider Activity
The most recent transaction is an insider sale by CARROLL CHRISTOPHER F, the company’s SVP, Controller & CAO. SEC filings show that CARROLL CHRISTOPHER F sold 18,382 shares of the company’s common stock on Feb 27 ’24 at a price of $32.20 per share for a total of $0.59 million. Following the sale, the insider now owns 42390.0 shares.
Interpublic Group Of Cos., Inc disclosed in a document filed with the SEC on Feb 27 ’24 that Johnson Ellen Tobi (CFO) sold a total of 40,393 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $32.20 per share for $1.3 million. Following the transaction, the insider now directly holds 88350.0 shares of the IPG stock.
Still, SEC filings show that on Feb 27 ’24, KRAKOWSKY PHILIPPE (CEO) disposed off 150,403 shares at an average price of $32.20 for $4.84 million. The insider now directly holds 415,776 shares of Interpublic Group Of Cos., Inc (IPG).
