Quest Partners LLC has taken a position in The Interpublic Group of Companies (IPG), while Trexquant Investment LP has purchased 21132 shares. Both Beacon Pointe Advisors LLC and Private Advisor Group LLC made significant investments in IPG, with stakes worth $287,000 and 7240 shares, respectively. Conversely, Commerce Bank sold off IPG shares, and the holdings were also reduced by Jump Financial LLC and Natixis Advisors L.P., among others. The company has declared a common stock dividend and is expected to issue a quarterly dividend of $0.33. This comes as the company renders a fairly strong financial situation that is guiding the market, even enabling their stock to gain, albeit lagging behind the market. Earnings and revenues beat estimates in Q1, and strong value stock attributes have been noted. Digital capabilities and acquisitions are aiding IPG, despite their revenue falling in Q3. Meanwhile, IPG's five-year earnings have trailed shareholder returns somewhat, but organic growth has returned. ESG accolades have been achieved and the company anticipates presenting at the 52nd Annual J.P. Morgan Global Technology, Media and Communications.
The Interpublic Group of Companies IPG News Analytics from Fri, 21 Jul 2023 07:00:00 GMT to Sun, 26 May 2024 15:36:18 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor -4
