Multiple financial developments and strategic movements by
The Interpublic Group of Companies, Inc. (IPG) are disclosed in recent reports. It emerges that
Kingsview Wealth Management LLC, Cowen and Company LLC, and
International Assets Investment have all recently made new investments in IPG. Furthermore, it's revealed experts at
Zacks Research Brokers and an unidentified analyst have raised their earnings estimates for IPG, with FY2024 EPS now expected to stand at $0.63. Amidst this,
BNP Paribas Financial Markets, Russell Investments Group Ltd, and
Dimensional Fund Advisors LP have all increased their positions in the company. However, IPG's Q1 2024 earnings met estimates but declined Y/Y, and Q3 earnings revealed less growth than expected. On the upside, the firm has reported organic growth, reaped benefits from its digital capabilities, and is likely to increase its dividend to $0.33, which has led some, including
Zacks Research Brokers, to label IPG a 'Strong Value Stock'. However, CEO & Director Philippe Krakowsky recently sold 27% of his holdings, creating uncertainty within the market.
The Interpublic Group of Companies IPG News Analytics from Fri, 21 Jul 2023 07:00:00 GMT to Sun, 19 May 2024 15:08:55 GMT -
Rating 2
- Innovation 7
- Rumor 4
