The Interpublic Group of Companies Inc (NYSE:IPG) CEO Philippe Krakowsky sold 150,403 shares of the company on February 27, 2024, according to a recent SEC Filing. The transaction was executed at an average price of $32.2 per share, resulting in a total value of $4,842,976.6.
The Interpublic Group of Companies Inc is a global provider of advertising and marketing services. With a network of agencies and specialized marketing services groups, the company offers a range of communications and marketing solutions. Its services include consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.
Over the past year, the insider has sold a total of 150,403 shares and has not made any purchases of the company's stock. The recent sale by the insider is part of a trend observed over the past year, where there have been 9 insider sells and 0 insider buys.
The market capitalization of The Interpublic Group of Companies Inc stands at $12.02 billion, with the stock trading at $32.2 on the day of the insider's recent sale. The company's price-earnings ratio is 11.14, which is lower than the industry median of 19.56 and also below the company's historical median price-earnings ratio.
With the current share price and a GuruFocus Value of $35.54, The Interpublic Group of Companies Inc has a price-to-GF-Value ratio of 0.91, indicating that the stock is Modestly Undervalued according to the GF Value metric.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
