Interpublic Group Of Cos., Inc. (NYSE:IPG)’s traded shares stood at 1.25 million during the latest session, with the company’s beta value hitting 1.13. At the last check today, the stock’s price was $32.83, to imply an increase of 0.17% or $0.06 in intraday trading. The IPG share’s 52-week high remains $40.95, putting it -24.73% down since that peak but still an impressive 17.15% since price per share fell to its 52-week low of $27.20. The company has a valuation of $12.43B, with an average of 5.68 million shares in intraday trading volume over the past 10 days and average of 4.18 million shares over the past 3 months.
Interpublic Group Of Cos., Inc. (NYSE:IPG) trade information
After registering a 0.17% upside in the latest session, Interpublic Group Of Cos., Inc. (IPG) has traded red over the past five days. The stock hit a weekly high of 33.27, jumping 0.17% in its intraday price action. The 5-day price performance for the stock is -0.80%, and 3.42% over 30 days. With these gigs, the year-to-date price performance is 0.57%. Short interest in Interpublic Group Of Cos., Inc. (NYSE:IPG) saw shorts transact 19.38 million shares and set a 3.83 days time to cover.
Interpublic Group Of Cos., Inc. (IPG) estimates and forecasts
Looking at statistics comparing Interpublic Group Of Cos., Inc. share performance against respective industry, we note that the company has underperformed competitors. Interpublic Group Of Cos., Inc. (IPG) shares are 14.25% up over the last 6 months, with its year-to-date growth rate lower than industry average at -7.02% against 12.90%. Revenue is forecast to shrink -7.90% this quarter before jumping 10.50% for the next one. The rating firms project that company’s revenue will grow 2.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is $2.27 billion. Meanwhile, for the quarter ending Jun 2024, a total of 4 analyst(s) estimate revenue growth to $2.43 billion.Earnings reports from the last fiscal year show that sales brought in $2.2 billion and $2.33 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 3.10% before jumping 4.30% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 12.34% for the past 5-year period. While 2024 is set for a -4.01% return in earnings, projections for the next 5 years are at 6.00% annually.
IPG Dividends
Interpublic Group Of Cos., Inc. has its next earnings report out between April 25 and April 29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Interpublic Group Of Cos., Inc. has a forward dividend ratio of 1.26, with the share yield ticking at 3.84% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Interpublic Group Of Cos., Inc. (NYSE:IPG)’s Major holders
Interpublic Group Of Cos., Inc. insiders hold 0.36% of total outstanding shares, with institutional holders owning 102.98% of the shares at 103.35% float percentage. In total, 102.98% institutions holds shares in the company, led by Vanguard Group Inc. As of Dec 30, 2023, the company held over 45.8 million shares (or 12.09% of shares), all amounting to roughly $1.51 billion.
The next major institution holding the largest number of shares is Blackrock Inc. with 39.77 million shares, or about 10.50% of shares outstanding. As of the market price on Dec 30, 2023, these shares were worth $1.31 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Interpublic Group Of Cos., Inc. (IPG) shares. Going by data provided on Dec 30, 2023, Vanguard Total Stock Market Index Fund holds roughly 12.04 million shares. This is just over 3.18% of the total shares, with a market valuation of $396.14 million. Data from the same date shows that the other fund manager holds a little less at 9.36 million, or 2.47% of the shares, all valued at about 307.77 million.
