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About Interpublic Group of Companies (NYSE:IPG)
The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines. The company also provides various diversified services, including public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity, and strategic marketing consulting. It offers its services under various brands comprising McCann, MullenLowe, IPG Mediabrands, Carmichael Lynch, Deutsch, Hill Holliday, and The Martin Agency, as well as Foote, Cone & Belding. The company was formerly known as McCann-Erickson Incorporated and changed its name to The Interpublic Group of Companies, Inc. in January 1961. The Interpublic Group of Companies, Inc. was founded in 1902 and is headquartered in New York, New York.
Industry, Sector and Symbol
Industry Advertising agencies
Trailing P/E Ratio16.86
Forward P/E Ratio13.58
Sales & Book Value
Annual Sales$7.88 billion
Price / Sales1.16
Cash Flow$2.0706 per share
Price / Cash11.48
Book Value$5.55 per share
Price / Book4.28
EPS (Most Recent Fiscal Year)$1.41
Net Income$579 million
Return on Equity26.05%
Return on Assets4.54%
Interpublic Group of Companies (NYSE:IPG) Frequently Asked Questions
What is Interpublic Group of Companies' stock symbol?
Interpublic Group of Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "IPG."
How often does Interpublic Group of Companies pay dividends? What is the dividend yield for Interpublic Group of Companies?
Interpublic Group of Companies declared a quarterly dividend on Tuesday, February 13th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.21 per share on Thursday, March 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Wednesday, February 28th. This is a boost from Interpublic Group of Companies's previous quarterly dividend of $0.18. View Interpublic Group of Companies' Dividend History.
How will Interpublic Group of Companies' stock buyback program work?
Interpublic Group of Companies announced that its Board of Directors has approved a stock buyback plan on Thursday, February 15th 2018, which allows the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.
How were Interpublic Group of Companies' earnings last quarter?
Interpublic Group of Companies (NYSE:IPG) issued its earnings results on Friday, April, 27th. The business services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.02. The business services provider earned $1.77 billion during the quarter, compared to analysts' expectations of $1.82 billion. Interpublic Group of Companies had a net margin of 6.55% and a return on equity of 26.05%. Interpublic Group of Companies's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the business earned $0.05 earnings per share. View Interpublic Group of Companies' Earnings History.
When is Interpublic Group of Companies' next earnings date?
What price target have analysts set for IPG?
13 brokerages have issued twelve-month price targets for Interpublic Group of Companies' stock. Their predictions range from $23.00 to $27.00. On average, they anticipate Interpublic Group of Companies' stock price to reach $25.70 in the next twelve months. View Analyst Ratings for Interpublic Group of Companies.
What are Wall Street analysts saying about Interpublic Group of Companies stock?
Here are some recent quotes from research analysts about Interpublic Group of Companies stock:
- 1. According to Zacks Investment Research, "Interpublic’s digital capabilities, diversified business model and geographic reach offer a distinctive competitive advantage. The company’s first-quarter 2018 adjusted earnings declined year over year but revenues increased. Interpublic continues to look for strategic investments and buyouts to expand in high-growth regions and key world markets. The company’s efforts in reducing costs, continuous margin improvement, stronger balance sheet and better capital structure should improve its profitability. Interpublic also outperformed the industry in the six three months. However, Interpublic is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post the Brexit referendum, lowering its productivity." (5/18/2018)
- 2. Pivotal Research analysts commented, "We upgraded our recommendations on IPG, Publicis and WPP in August, October and November, respectively from Hold to Buy as each of these stocks over-reacted on the down-side because of a range of issues impacting the industry became pronounced concerns for investors. However, following relatively positive moves on the sector for IPG and Publicis, we see stocks in the sector as close enough to full valuations to warrant a downgrade at the present time. However, we continue to see relative value within the group, with relatively more upside for WPP and relatively more downside for Omnicom. Each of the four holding companies we cover are now rated Hold." (2/19/2018)
- 3. Wells Fargo analysts commented, "We believe IPG’s assets are broadly competitive and that investors place too much emphasis on the scale argument across the agency landscape. However, we acknowledge an array of headwinds currently facing the agency holding companies and, amid this backdrop, we view current valuation as full. DISCLOSURE APPENDIX Required Disclosures Additional Information Available Upon Request I certify that: 1) All views expressed in this research report accurately reflect my personal views about any and all of the subject securities or issuers discussed; and 2) No part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by me in this research report. Wells Fargo Securities, LLC and/or its affiliates, have beneficial ownership of 0.5% or more of any class of the common stock of The Interpublic Group of Companies, Inc." (2/14/2018)
Are investors shorting Interpublic Group of Companies?
Interpublic Group of Companies saw a decline in short interest in the month of April. As of April 30th, there was short interest totalling 25,001,186 shares, a decline of 17.0% from the April 13th total of 30,130,765 shares. Based on an average daily volume of 5,856,772 shares, the short-interest ratio is currently 4.3 days. Currently, 6.5% of the shares of the stock are sold short.
Who are some of Interpublic Group of Companies' key competitors?
Some companies that are related to Interpublic Group of Companies include WPP (WPP), Omnicom Group (OMC), Publicis Groupe (PUBGY), JCDecaux (DEC), HAVAS (HAVSF), Ströer (SAX), Groupon (GRPN), Criteo (CRTO), Next Fifteen Communications (NFC), Tarsus Group (TRS), M&C Saatchi (SAA), Huntsworth (HNT), MDC Partners (MDCA), Telaria (TLRA) and AirMedia Group (AMCN).
Who are Interpublic Group of Companies' key executives?
Interpublic Group of Companies' management team includes the folowing people:
- Mr. Michael Isor Roth, Chairman & CEO (Age 73)
- Mr. Frank Mergenthaler, Exec. VP & CFO (Age 57)
- Mr. Christopher F. Carroll CPA, Sr. VP, Controller & Chief Accounting Officer (Age 52)
- Mr. Andrew Bonzani, Sr. VP, Gen. Counsel & Sec. (Age 54)
- Mr. Philippe Krakowsky, Exec. VP and Chief Strategy & Talent Officer (Age 55)
Has Interpublic Group of Companies been receiving favorable news coverage?
Media coverage about IPG stock has been trending somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Interpublic Group of Companies earned a daily sentiment score of 0.15 on Accern's scale. They also gave news stories about the business services provider an impact score of 46.80 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Interpublic Group of Companies' major shareholders?
Interpublic Group of Companies' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.92%), Massachusetts Financial Services Co. MA (7.04%), Pzena Investment Management LLC (4.57%), Wells Fargo & Company MN (2.12%), Victory Capital Management Inc. (1.57%) and Northern Trust Corp (1.47%). Company insiders that own Interpublic Group of Companies stock include Andrew Bonzani, Christopher F Carroll, Dawn E Hudson, Ellen Tobi Johnson, Frank Mergenthaler, H John Greeniaus, Jocelyn Carter-Miller, Julie Connors, Mary Guilfoile, Michael Isor Roth and Philippe Krakowsky. View Institutional Ownership Trends for Interpublic Group of Companies.
Which institutional investors are selling Interpublic Group of Companies stock?
IPG stock was sold by a variety of institutional investors in the last quarter, including Eaton Vance Management, Santa Barbara Asset Management LLC, Massachusetts Financial Services Co. MA, Mawer Investment Management Ltd., Wells Fargo & Company MN, Victory Capital Management Inc., Gamco Investors INC. ET AL and River Road Asset Management LLC. Company insiders that have sold Interpublic Group of Companies company stock in the last year include Andrew Bonzani, Christopher F Carroll, Ellen Tobi Johnson, Frank Mergenthaler, H John Greeniaus, Jocelyn Carter-Miller, Julie Connors, Mary Guilfoile, Michael Isor Roth and Philippe Krakowsky. View Insider Buying and Selling for Interpublic Group of Companies.
Which institutional investors are buying Interpublic Group of Companies stock?
IPG stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Ceredex Value Advisors LLC, Amundi Pioneer Asset Management Inc., Millennium Management LLC, Russell Investments Group Ltd., WBI Investments Inc., Fiduciary Management Inc. WI and Seven Eight Capital LP. View Insider Buying and Selling for Interpublic Group of Companies.
How do I buy shares of Interpublic Group of Companies?
Shares of IPG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Interpublic Group of Companies' stock price today?
One share of IPG stock can currently be purchased for approximately $23.77.
How big of a company is Interpublic Group of Companies?
Interpublic Group of Companies has a market capitalization of $9.16 billion and generates $7.88 billion in revenue each year. The business services provider earns $579 million in net income (profit) each year or $1.41 on an earnings per share basis. Interpublic Group of Companies employs 50,200 workers across the globe.
How can I contact Interpublic Group of Companies?
Interpublic Group of Companies' mailing address is 909 THIRD AVENUE, NEW YORK NY, 10022. The business services provider can be reached via phone at 212-704-1200.
MarketBeat Community Rating for Interpublic Group of Companies (IPG)MarketBeat's community ratings are surveys of what our community members think about Interpublic Group of Companies and other stocks. Vote "Outperform" if you believe IPG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IPG will underperform the S&P 500 over the long term. You may vote once every thirty days.
Interpublic Group of Companies (NYSE:IPG) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
13 Wall Street analysts have issued ratings and price targets for Interpublic Group of Companies in the last 12 months. Their average twelve-month price target is $25.70, suggesting that the stock has a possible upside of 8.12%. The high price target for IPG is $27.00 and the low price target for IPG is $23.00. There are currently 1 sell rating, 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Hold."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Buy|
|Consensus Rating Score: ||2.23||2.23||2.27||2.50|
|Ratings Breakdown: ||1 Sell Rating(s)|
8 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
8 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
7 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
4 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$25.70||$25.40||$26.1538||$25.9167|
|Price Target Upside: ||8.12% upside||12.04% upside||3.25% upside||34.21% upside|
Interpublic Group of Companies (NYSE:IPG) Consensus Price Target History
Interpublic Group of Companies (NYSE:IPG) Analyst Ratings History
(Data available from 5/21/2016 forward)
Interpublic Group of Companies (NYSE:IPG) Dividend Information
Interpublic Group of Companies pays an annual dividend of $0.84 per share, with a dividend yield of 3.53%. IPG's most recent quarterly dividend payment was Thursday, March 15. The company has grown its dividend for the last 5 consecutive years and is increasing its dividend by an average of 36.20% each year. Interpublic Group of Companies pays out 59.57% of its earnings out as a dividend.
|Most Recent Dividend:||3/15/2018|
|Dividend Growth:||36.20% (3 Year Average)|
|Payout Ratio(s):||59.57% (Trailing 12 Months of Earnings) |
48.00% (Based on This Year's Estimates)
45.16% (Based on Next Year's Estimates)
40.57% (Based on Cash Flow)
|Track Record:||5 Years of Consecutive Dividend Growth|
Interpublic Group of Companies (NYSE:IPG) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Interpublic Group of Companies (NYSE IPG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.49%
Institutional Ownership Percentage: 97.37%
Interpublic Group of Companies (NYSE IPG) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|5/17/2018||Mary Guilfoile||Director||Sell||8,392||$24.04||$201,743.68|| |
|5/10/2018||H John Greeniaus||Director||Sell||33,573||$24.15||$810,787.95|| |
|3/12/2018||Frank Mergenthaler||CFO||Sell||50,000||$23.82||$1,191,000.00|| |
|3/9/2018||H John Greeniaus||Director||Sell||14,600||$23.84||$348,064.00|| |
|3/7/2018||Jocelyn Carter-Miller||Director||Sell||9,514||$23.50||$223,579.00|| |
|3/2/2018||H John Greeniaus||Director||Sell||14,242||$23.50||$334,687.00|| |
|3/1/2018||Andrew Bonzani||SVP||Sell||28,627||$23.46||$671,589.42|| |
|3/1/2018||Frank Mergenthaler||CFO||Sell||65,536||$23.41||$1,534,197.76|| |
|3/1/2018||Philippe Krakowsky||EVP||Sell||56,007||$23.42||$1,311,683.94|| |
|2/28/2018||Christopher F. Carroll||CAO||Sell||21,000||$23.62||$496,020.00|| |
|2/28/2018||Michael Isor Roth||CEO||Sell||188,732||$23.59||$4,452,187.88|| |
|11/10/2017||H John Greeniaus||Director||Sell||43,479||$19.00||$826,101.00|| |
|8/21/2017||Ellen Tobi Johnson||SVP||Sell||20,000||$20.50||$410,000.00|| |
|6/22/2017||Julie Connors||SVP||Sell||5,854||$24.26||$142,018.04||10,592|| |
|3/6/2017||Dawn E. Hudson||Director||Sell||12,000||$24.22||$290,640.00|| |
|3/1/2017||Andrew Bonzani||SVP||Sell||38,831||$24.39||$947,088.09|| |
|3/1/2017||Christopher F. Carroll||CAO||Sell||22,000||$24.39||$536,580.00|| |
|3/1/2017||Frank Mergenthaler||CFO||Sell||88,652||$24.30||$2,154,243.60|| |
|3/1/2017||Jocelyn Carter-Miller||Director||Sell||7,867||$24.38||$191,797.46|| |
|3/1/2017||Michael Isor Roth||Chairman||Sell||253,562||$24.40||$6,186,912.80|| |
|3/1/2017||Philippe Krakowsky||EVP||Sell||129,441||$24.34||$3,150,593.94|| |
|2/28/2017||Frank Mergenthaler||CFO||Sell||102,188||$24.26||$2,479,080.88|| |
|2/28/2017||Philippe Krakowsky||EVP||Sell||59,487||$24.26||$1,443,154.62|| |
|2/27/2017||Ellen Tobi Johnson||SVP||Sell||25,000||$24.50||$612,500.00|| |
|2/24/2017||Ellen Tobi Johnson||SVP||Sell||30,411||$24.60||$748,110.60|| |
|2/23/2017||H John Greeniaus||Director||Sell||85,200||$24.48||$2,085,696.00|| |
|2/23/2017||Michael Isor Roth||Chairman||Sell||500,000||$24.51||$12,255,000.00|| |
|9/6/2016||Ellen Tobi Johnson||SVP||Sell||35,765||$22.69||$811,507.85|| |
|5/2/2016||Christopher F Carroll||CAO||Sell||20,000||$23.33||$466,600.00||39,285|| |
|4/29/2016||Ellen Tobi Johnson||SVP||Sell||12,000||$22.84||$274,080.00||52,257|| |
|4/28/2016||Julie Connors||SVP||Sell||10,700||$23.21||$248,347.00||19,788|| |
|4/28/2016||Michael Isor Roth||CEO||Sell||500,000||$23.25||$11,625,000.00||865,986|| |
|3/1/2016||Andrew Bonzani||SVP||Sell||20,675||$21.59||$446,373.25||56,793|| |
|3/1/2016||Frank Mergenthaler||CFO||Sell||176,946||$21.58||$3,818,494.68||340,536|| |
|3/1/2016||Michael Isor Roth||CEO||Sell||134,457||$21.58||$2,901,582.06||615,986|| |
|3/1/2016||Philippe Krakowsky||EVP||Sell||94,686||$21.57||$2,042,377.02||199,958|| |
|2/29/2016||Jocelyn Carter-Miller||Director||Sell||13,954||$21.54||$300,569.16||32,832|| |
|11/12/2015||Ellen Tobi Johnson||SVP||Sell||40,439||$23.00||$930,097.00||36,328|| |
|10/30/2015||Christopher F Carroll||CAO||Sell||20,000||$22.78||$455,600.00||36,285|| |
|6/11/2015||Henry S Miller||Director||Buy||5,000||$20.12||$100,600.00|| |
|3/18/2015||Jocelyn Carter-Miller||Director||Sell||11,042||$21.53||$237,734.26|| |
|3/3/2015||Christopher F Carroll||CAO||Sell||75,000||$22.43||$1,682,250.00|| |
|3/3/2015||Frank Mergenthaler||CFO||Sell||307,647||$22.43||$6,900,522.21|| |
|3/3/2015||Michael Isor Roth||CEO||Sell||144,983||$22.43||$3,251,968.69|| |
|3/3/2015||Philippe Krakowsky||EVP||Sell||120,273||$22.42||$2,696,520.66|| |
|10/28/2014||Michael Isor Roth||CEO||Sell||450,000||$18.78||$8,451,000.00|| |
|4/29/2014||Michael Isor Roth||CEO||Sell||278,128||$17.07||$4,747,644.96||884,977|| |
|3/3/2014||Frank Mergenthaler||CFO||Sell||45,679||$17.21||$786,135.59||315,085|| |
|3/3/2014||Philippe Krakowsky||EVP||Sell||50,341||$17.40||$875,933.40||115,498|| |
|8/26/2013||Michael Isor Roth||CEO||Sell||194,965||$15.98||$3,115,540.70||759,371|| |
|8/1/2013||Christopher Carroll||CAO||Sell||10,025||$16.57||$166,114.25||23,872|| |
|6/12/2013||Jill M Considine||Director||Sell||2,000||$14.34||$28,680.00|| |
|5/28/2013||Michael Isor Roth||CEO||Sell||2,000||$14.81||$29,620.00|| |
|5/1/2013||Christopher F Carroll||CAO||Sell||11,000||$13.74||$151,140.00|| |
|5/1/2013||Frank Mergenthaler||CFO||Sell||150,000||$13.72||$2,058,000.00|| |
|5/1/2013||Philippe Krakowsky||EVP||Sell||125,000||$13.73||$1,716,250.00|| |
|11/8/2012||H John Greeniaus||Director||Buy||5,000||$9.95||$49,750.00|| |
Interpublic Group of Companies (NYSE IPG) News Headlines
Interpublic Group of Companies (NYSE:IPG) SEC Filings
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Interpublic Group of Companies (NYSE:IPG) Income Statement, Balance Sheet and Cash Flow Statement
Interpublic Group of Companies (NYSE IPG) Stock Chart for Monday, May, 21, 2018