Interpublic Group of Companies Stock Forecast, Price & News

Interpublic Group of Companies' stock was trading at $18.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, IPG shares have decreased by 1.0% and is now trading at $17.83.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Interpublic Group of Companies in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Interpublic Group of Companies is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
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Interpublic Group of Companies Inc (NYSE:IPG) announced its earnings results on Wednesday, July, 29th. The business services provider reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.03. The business services provider earned $1.85 billion during the quarter, compared to analyst estimates of $1.85 billion. Interpublic Group of Companies had a net margin of 4.66% and a return on equity of 25.72%. Interpublic Group of Companies's revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share.
View Interpublic Group of Companies' earnings history.

Interpublic Group of Companies announced a quarterly dividend on Thursday, August 13th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.255 per share on Tuesday, September 15th. This represents a $1.02 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend is Monday, August 31st.
View Interpublic Group of Companies' dividend history.

6 Wall Street analysts have issued 1 year target prices for Interpublic Group of Companies' stock. Their forecasts range from $16.00 to $24.00. On average, they expect Interpublic Group of Companies' share price to reach $20.00 in the next year. This suggests a possible upside of 12.2% from the stock's current price.
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Interpublic Group of Companies saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 16,030,000 shares, a decrease of 12.4% from the July 15th total of 18,300,000 shares. Based on an average trading volume of 4,580,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 4.1% of the shares of the company are sold short.
View Interpublic Group of Companies' Short Interest.

Some companies that are related to Interpublic Group of Companies include Alphabet (GOOG), Omnicom Group (OMC), Lamar Advertising (LAMR), CLEAR CHANNEL O/SH (CCO), National CineMedia (NCMI) and MDC Partners (MDCA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Interpublic Group of Companies investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Athabasca Oil (ATH), NIC (EGOV), Accenture (ACN), Transocean (RIG) and Aegean Marine Petroleum Network (ANW).

Interpublic Group of Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "IPG."

Interpublic Group of Companies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.48%), FMR LLC (11.26%), Black Creek Investment Management Inc. (4.43%), Victory Capital Management Inc. (2.56%), Pzena Investment Management LLC (1.66%) and Prudential PLC (1.29%). Company insiders that own Interpublic Group of Companies stock include Andrew Bonzani, Christopher F Carroll, David M Thomas, Dawn E Hudson, Frank Mergenthaler, H John Greeniaus, Jocelyn Carter-Miller, Julie Connors, Linda S Sanford, Michael Isor Roth and Philippe Krakowsky.
View institutional ownership trends for Interpublic Group of Companies.

IPG stock was sold by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Ceredex Value Advisors LLC, State of Michigan Retirement System, Bank of America Corp DE, Vanguard Group Inc., Nuveen Asset Management LLC, Russell Investments Group Ltd., and Bank of New York Mellon Corp. Company insiders that have sold Interpublic Group of Companies company stock in the last year include H John Greeniaus, Jocelyn Carter-Miller, Julie Connors, and Michael Isor Roth.
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IPG stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Miller Howard Investments Inc. NY, Prudential PLC, Victory Capital Management Inc., Goldman Sachs Group Inc., Holocene Advisors LP, Black Creek Investment Management Inc., and AQR Capital Management LLC. Company insiders that have bought Interpublic Group of Companies stock in the last two years include David M Thomas, Dawn E Hudson, and Linda S Sanford.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of IPG stock can currently be purchased for approximately $17.83.

Interpublic Group of Companies has a market capitalization of $6.95 billion and generates $10.22 billion in revenue each year. The business services provider earns $656 million in net income (profit) each year or $1.93 on an earnings per share basis. Interpublic Group of Companies employs 54,300 workers across the globe.

The official website for Interpublic Group of Companies is www.interpublic.com.

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 or via email at [email protected]