Multiple reports have indicated substantial activity around shares of
The Interpublic Group of Companies (IPG). Notably, various investment firms including
Franklin Resources Inc,
Corient Private Wealth LLC and
Teacher Retirement System of Texas, have reduced their stake in IPG. On the contrary, entities such as
SageView Advisory Group LLC,
Private Advisor Group LLC, and
National Bank of Canada FI have augmented their position in the same. Having issued a quarterly dividend of $0.33, IPG's stock performance is reportedly in line with their robust
financials. Analysts' consensus recommendation for the company remains a 'Hold'. Despite slower returns, organic growth seems to have returned for
IPG. They recently faced a dip in earnings and revenues in Q1-2024 and curtailed their growth outlook as their tech business stumbled. However, they continue to receive
ESG accolades. The company aims for flat 2024 trajectory, considering the previous year's challenges.
The Interpublic Group of Companies IPG News Analytics from Fri, 21 Jul 2023 07:00:00 GMT to Thu, 30 May 2024 11:10:09 GMT -
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- Innovation 2
- Information 6
- Rumor 3
