Yesterday, a Director at Interpublic Group of Companies (NYSE: IPG), John Greeniaus, sold shares of IPG for $2.09M.
This is Greeniaus’ first Sell trade following 24 Buy transactions. Following John Greeniaus’ last IPG Sell transaction on May 02, 2016, the stock climbed by 1.7%.
Based on Interpublic Group of Companies’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.26 billion and quarterly net profit of $318 million. In comparison, last year the company earned revenue of $2.2 billion and had a net profit of $260 million. IPG’s market cap is $9.62B and the company has a P/E ratio of 16.48. The company has a one year high of $25.33 and a one year low of $20.82.
Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $27.40, reflecting a -10.4% downside.
The insider sentiment on Interpublic Group of Companies has been neutral according to 34 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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Interpublic Group of Cos., Inc. provides marketing and business services. It specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. The company has three global networks, McCann Worldgroup, Foote, Cone & Belding and MullenLowe Group, which provide integrated, large-scale advertising and marketing solutions for clients. Its global media services companies include UM and Initiative, which operate under the IPG Mediabrands umbrella. It operates its business through two segments: Integrated Agency Network and Constituency Management Group. The Integrated Agency Network segment is comprised of Draftfcb, Lowe, McCann, Media agencies and Stand-alone agencies. The Constituency Management Group segment includes Weber Shandwick, FutureBrand, DeVries, GolinHarris, Jack Morton, and Octagon Worldwide. It provides clients with diversified services, including public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity and strategic marketing consulting. The company was formerly known as McCann-Erickson, Inc. and changed its name The Interpublic Group of Co., Inc. in January 1961. Interpublic was founded on September 18, 1930 and is headquartered in New York, NY.
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