Today, the Chairman & CEO of Interpublic Group of Companies (IPG), Michael Isor Roth, bought shares of IPG for $3.65M.
This recent transaction increases Michael Isor Roth’s holding in the company by 34.92% to a total of $28.61 million. This is Roth’s first Buy trade following 13 Sell transactions.
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Based on Interpublic Group of Companies’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.52 billion and quarterly net profit of $170 million. In comparison, last year the company earned revenue of $2.39 billion and had a net profit of $146 million. IPG’s market cap is $8.96B and the company has a P/E ratio of 13.80. Currently, Interpublic Group of Companies has an average volume of 2.22M.
In the last 30 days, insiders have sold $9.96M worth of IPG shares and purchased $3.65M worth of IPG shares. The insider sentiment on Interpublic Group of Companies has been positive according to 31 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Michael Isor Roth’s trades have generated a 2.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Interpublic Group of Cos., Inc. engages in the provision of advertising and marketing services. The company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.
