UP!

IPG $29.07

IPG target price
29.07
0
45
Interpublic Group of Companies
Type
Public
Traded as NYSE: IPG
S&P 500 Component
Industry Advertising agency
Predecessor McCann-Erickson, Inc.
Founded 1930; 87 years ago (1930) (as McCann Erickson)
1961 (1961) (as Interpublic Group)
Headquarters 909 Third Avenue
New York, NY 10022
United States
Key people
Michael I. Roth, Chairman, CEO, & President
Revenue
  • Increase US$ 7,613.8 million (2015)
  • Increase US$ 7,537.1 million (2014)
Net income
  • Decrease US$ 480.5 million (2015)
  • Increase US$ 505.4 million (2014)
Total assets
  • Decrease US$ 12,585.1 million (2015)
  • Decrease US$ 12,736.6 million (2014)
Total equity
  • Decrease US$ 2,001.8 million (2015)
  • Decrease US$ 2,151.2 million (2014)
Number of employees
49,700 As of April 2016
Website www.interpublic.com

The Interpublic Group of Companies, Inc. (IPG) is a publicly traded advertising company.

The company consists of three major networks: McCann Worldgroup, Lowe and Partners, and FCB. Its media agencies are bundled under the IPG Mediabrands entity. It also owns a number of specialty agencies, including public relations, sports marketing, talent representation, and healthcare.It is now one of the "Big Four" agency companies, alongside WPP, Publicis and Omnicom. Michael Roth is the current CEO.

IPG was founded as McCann-Erickson in September, 1930. In January, 1961, it was renamed Interpublic Group and created the first marketing services management holding company with McCann-Erickson as a subsidiary.

In 2002, IPG suffered a precipitous drop in its stock price and reputation in an accounting scandal. In that year, Interpublic was alleged in violation of the Securities Exchange Act over misrepresentation and artificially inflating its earnings. As of November 18, 2008 (taking into account stock splits), IPG's stock has sold at approximately the same price it was on November 18, 1987.

On August 13, 2002, the Interpublic Group of Companies announced to restate financial statements, due to uncertain economic environment and imbalances in certain accounts containing inter-Company activity and related balance sheet items that warranted further scrutiny. On November 13, the final amount of the restatement was reported to be $181.3 million, which reduced previously reported pre-tax income, substantially all of which is related to periods 2001 and prior reporting periods. On March 6, 2003, IPG restated the third quarter of 2002, after identifying $135.8 million of pre-tax charges relating to asset impairments and other operating expenses at Octagon Motor Sports. On September 15, 2005, IPG announced to restate earnings for fiscal 2000 through 2004, due to problems in accounting for revenue, acquisitions and lease expenses. The company also fired some employees in its investigation of accounting errors and potential misconduct. On March 22, 2006, IPG's financial review process resulted in restatement of 2005 interim periods and the recording of immaterial out-of-period adjustments to fourth quarter 2005 financial results.

Interpublic, working to simplify its structure after its overload of deals in the 1990s and 2000s, did not complete any acquisitions in 2005 and 2006. It disposed of 51 businesses in 2005 and 2006, primarily outside the U.S.; Interpublic said it exited 23 "loss-making international affiliates" in 2006. Interpublic in April 2007 announced it agreed to buy Reprise Media, a search engine marketing firm. In July of that same year, FCB-Ulka Advertising Private Limited, a subsidiary of IPG, was renamed DRAFTFCB+Ulka Advertising Pvt. Ltd.

As of July 2016

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2023-02-09 Future report Set alerts
Q3 2022 2022-10-21 0.63 0.63
Q2 2022 2022-07-21 0.63 0.63
Q1 2022 2022-04-28 0.47 0.47
Q4 2021 2022-02-10 0.82 0.82
Q3 2021 2021-10-21 0.63 0.63
Q2 2021 2021-07-21 0.70 0.70
Q1 2021 2021-04-28 0.45 0.45
Q4 2020 2021-02-10 0.86 0.86
Q3 2020 2020-10-21 0.53 0.53

Ratings

2016-04-25 Reiterated Rating BMO Capital Markets Buy
2016-04-25 Reiterated Rating Wedbush Outperform $26.00 to $28.00
2016-04-25 Boost Price Target Telsey Advisory Group Outperform $27.50 to $28.00
2016-04-24 Reiterated Rating Jefferies Group Buy
2016-02-16 Reiterated Rating FBR & Co. Outperform $25.00
2016-02-16 Reiterated Rating FBR & Co Outperform $25.00
2016-02-09 Lower Price Target Wedbush Outperform $27.00 to $26.00
2016-02-08 Upgrade Pivotal Research Hold to Buy $24.00
2016-02-03 Reiterated Rating Albert Fried & Company Market Perform $22.00
2015-12-18 Upgrade Morgan Stanley Equal Weight to Overweight $24.00 to $27.00
2015-12-03 Boost Price Target Nomura Buy $24.50 to $26.00
2015-12-03 Boost Price Target Nomura Holdings Inc. Buy $24.50 to $26.00
2015-10-22 Boost Price Target Telsey Advisory Group Outperform $25.00 to $27.50
2015-10-21 Reiterated Rating FBR & Co. Buy $23.00 to $25.00
2015-10-21 Reiterated Rating Pivotal Research Hold $23.00 to $24.00
2015-09-11 Upgrade FBR & Co. Market Perform to Outperform $22.00 to $23.00
2015-04-27 Boost Price Target BMO Capital Markets Outperform $24.00 to $25.00
2015-04-24 Downgrade Pivotal Research Hold
2015-04-13 Downgrade Pivotal Research Buy to Hold $24.00 to $23.00
2015-03-10 Boost Price Target Argus Buy $22.00 to $26.00
2015-02-19 Reiterated Rating Citigroup Inc. Hold $20.00 to $21.75
2015-02-17 Boost Price Target FBR & Co. Market Perform $20.00 to $22.00
2015-02-17 Boost Price Target Telsey Advisory Group Outperform $24.00 to $25.00
2015-01-28 Boost Price Target JPMorgan Chase & Co. Overweight $21.00 to $23.00
2014-10-23 Reiterated Rating JPMorgan Chase & Co. Overweight $23.00 to $21.00
2014-10-23 Boost Price Target FBR & Co. Market Perform $17.00 to $20.00
2014-09-23 Initiated Coverage Telsey Advisory Group Outperform $21.00
2014-09-23 Initiated Coverage S&P Equity Research Outperform $21.00 to $21.00
2014-08-28 Initiated Coverage Northland Securities Buy $23.50
2014-08-28 Initiated Coverage Nomura Buy $23.50
2014-07-28 Initiated Coverage Citigroup Inc. Neutral
2014-07-25 Downgrade Atlantic Securities Overweight to Neutral
2014-07-21 Reiterated Rating Macquarie Outperform $21.00 to $23.00
2014-07-21 Boost Price Target Wedbush Outperform $20.00 to $23.00
2014-07-21 Reiterated Rating BMO Capital Markets Outperform $20.00 to $22.00
2014-07-08 Reiterated Rating JPMorgan Chase & Co. Overweight $20.00 to $23.00
2014-07-02 Boost Price Target RBC Capital Outperform $19.00 to $21.00
2014-06-25 Initiated Coverage Jefferies Group Buy
2014-06-10 Boost Price Target Piper Jaffray $21.00
2014-04-23 Reiterated Rating JPMorgan Chase & Co. Overweight $20.00
2014-02-26 Reiterated Rating Morgan Stanley Equal Weight $19.00 to $18.00
2013-10-29 Initiated Coverage FBR & Co. Market Perform
2013-10-21 Lower Price Target RBC Capital Outperform $19.00 to $18.00
2013-10-21 Reiterated Rating Deutsche Bank Buy $18.00
2013-10-18 Downgrade Albert Fried & Company Overweight to Market Perform $18.00
2013-10-11 Boost Price Target RBC Capital Outperform $17.00 to $19.00
2013-10-10 Boost Price Target Goldman Sachs Neutral $16.00 to $18.00
2013-09-18 Upgrade Jefferies Group Underperform to Hold $11.00 to $17.20
2013-07-09 Reiterated UBS Buy $15 to $17
2012-02-27 Upgrade Deutsche Bank Hold to Buy $10.50 to $15
2011-10-17 Downgrade Deutsche Bank Buy to Hold $11 to $9.50
2011-08-01 Reiterated Argus Buy $16 to $14
2010-04-26 Reiterated Credit Suisse Outperform $10 to $12
2010-04-20 Upgrade Argus Hold to Buy $12
2010-02-05 Upgrade Credit Suisse Neutral to Outperform $6.50 to $10
2016-04-25 Reiterated Rating BMO Capital Markets Buy
2016-04-25 Reiterated Rating Wedbush Outperform $26.00 to $28.00
2016-04-25 Boost Price Target Telsey Advisory Group Outperform $27.50 to $28.00
2016-04-24 Reiterated Rating Jefferies Group Buy
2016-02-16 Reiterated Rating FBR & Co. Outperform $25.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
ROTH MICHAEL ISOR Chairman and CEO 0.17%  (698621) IPG / PBI / RHP /
SOMPOLSKI TIMOTHY A EVP, Human Resources 0.06%  (265736) IPG /
KRAKOWSKY PHILIPPE EVP,Chief Strat & Talent Ofcr 0.06%  (252951) IPG /
Brien Nicolas Pres & CEO, McCann WG 0.05%  (206641) CBSO / IPG /
Mergenthaler Frank EVP, CFO 0.04%  (177527) ESRX / IPG /
CAMERA NICHOLAS J SVP, Gen Counsel & Sec. 0.04%  (148346) IPG /
KERR WILLIAM T 0.03%  (145765) IPG / WHR /
THOMAS DAVID M 0.03%  (117885) FBHS / IPG /
GREENIAUS H JOHN 0.03%  (116131) IPG /
GUILFOILE MARY 0.02%  (104516) CHRW / IPG / VLY /
GOLDSTEIN RICHARD A 0.02%  (96552) BEAM / FBHS / IPG /
CONSIDINE JILL M 0.02%  (96521) AMBC / IPG /
BRACK REGINALD K 0.02%  (88180) IPG /
Bonzani Andrew SVP, GC & Sec. 0.02%  (72721) IPG /
HUDSON DAWN E 0.01%  (48505) IPG / LOW / NVDA /
Carter-Miller Jocelyn 0.01%  (40940) IPG /
Miller Henry S 0.01%  (37664) AIG / ALLY / IPG /
CARROLL CHRISTOPHER F SVP, Cont. & CAO 0.01%  (34524) IPG /
MILLER JON 0.01%  (32664) AKAM / AMCX / HMHC / IPG / JCOM / TRIP /
Johnson Ellen Tobi SVP of Finance & Treasurer 0.01%  (30852) IPG /
ELLINGER DEBORAH G 0.01%  (24302) IPG / IRBT /