Empowered Funds LLC acquired an additional
65,739 shares of
The Interpublic Group of Companies, Inc. (NYSE:IPG), and
Los Angeles Capital Management LLC added
26,360 shares. However,
Amalgamated Bank sold
43,787 shares of IPG.
Q3 2024 earnings revealed a
2.9% drop in revenue for IPG, resulting in a reduced market reward. Despite this, IPG declared a common stock dividend and launched Mediabrands Health Center of Excellence, providing integrated health marketing solutions. The company also made significant strides in data, media, creative production, and engineering. They even ventured into organizing a data platform, 'Interact,' that unites agencies and clients. Their strategy was not entirely fruitful as IPG's stock hit a
52-week low at $27.99., prompting large volumes of put options purchases. Several financial institutions maintain significant holdings, and
Zacks Research predicted bullish earnings in FY2024. Still, insiders sold shares worth $8.0m. Estimations put IPG's price target at $30.57, but it currently underperforms the Communication Services sector, possibly due to the recent lacklustre Q3 report.
The Interpublic Group of Companies IPG News Analytics from Thu, 08 Feb 2024 08:00:00 GMT to Sat, 16 Nov 2024 13:05:29 GMT -
Rating -5
- Innovation 0
- Information 7
- Rumor -6
