Interpublic Group's most recent trend suggests a bullish bias. One trading opportunity on Interpublic Group is a Bull Put Spread using a strike $26.00 short put and a strike $21.00 long put offers a potential 6.38% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $26.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $21.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Interpublic Group is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Interpublic Group is bullish.
The RSI indicator is at 51.91 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Interpublic Group
Ex-Dividend Date Insight: Interpublic Gr of Cos
Thu, 25 Feb 2021 15:14:27 +0000
On February 10, 2021, Interpublic Gr of Cos (NYSE:IPG) declared a dividend payable on March 15, 2021 to its shareholders. Interpublic Gr of Cos also announced that shareholders on the company's books on or before March 1, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Interpublic Gr of Cos has an ex-dividend date set for for February 26, 2021. The company's current dividend payout is $0.27, which equates to a dividend yield of 4.11% at current price levels. The Significance Of Ex-Dividend Dates An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis. Understanding Interpublic Gr of Cos's Dividend Payouts And Yields Over the past year, Interpublic Gr of Cos has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on February 28, 2020 the company's payout was $0.26, which has since grown by $0.02. Interpublic Gr of Cos's dividend yield last year was 4.39%, which has since decreased by 0.28%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market. Click here to find details on Interpublic Gr of Cos's previous dividends. See more from BenzingaClick here for options trades from Benzinga11 Communication Services Stocks Moving In Tuesday's After-Market Session© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
MRM Named “Partner Of The Year” At 2020 Acquia Partner Awards
Wed, 24 Feb 2021 20:32:00 +0000
MRM, leading global marketing agency that is part of McCann Worldgroup, has been named a “Partner Of The Year” at the 2020 Acquia Partner Awards.
IPG and The Executive Leadership Council Host Event with Business Leaders called “Black Business Icons: From C-Suite to the Boardroom”
Wed, 24 Feb 2021 15:00:00 +0000
New York, Feb. 24, 2021 (GLOBE NEWSWIRE) — Interpublic Group (NYSE: IPG) New York, NY, and the Executive Leadership Council (ELC), the preeminent membership organization for Black CEOs, board directors, and senior Black executives from the world’s largest organizations, announced today that in celebration of Black History Month, they are partnering on an event to discuss issues related to representation and influence of Black leadership in Business and Corporate America. IPG’s business resource group, the Black Employee Network (BEN), and ELC will host Black Business Icons: From C-Suite to the Boardroom, a virtual event on Wednesday, February 24th, from 2:00 PM – 3:15 PM EST. Registration for the event is free and open to the public. To register, click here. The event features Crystal Ashby, Interim President and CEO, The Executive Leadership Council; Philippe Krakowsky, CEO of IPG; Jocelyn Carter-Miller, President of TechEdVentures, and member of the Boards of IPG, Prudential, Arlo Technologies; John W. Rogers, Jr., Co-CEO & Chief Investment Officer & Chairman of Ariel Investment; and the Co-Chairs of IPG’s U.S. Black Employee Network. Black Business Icons will discuss the shift seen in 2020, as U.S. companies redefined the purpose of a corporation to promote “an economy that serves all Americans,” moving away from shareholder primacy to include commitments to all stakeholders. The event will examine the impacts from COVID-19, CEO activism, the Black Lives Matter movement and consumer and employee activism, and how these forces are leading to unprecedented changes in culture and society. Philippe Krakowsky, IPG CEO, will be joined by IPG’s U.S. Black Employee Network Co-Chairs for an introductory conversation. They will look at how IPG addressed several of these forces during 2020, what racial equity and inclusion looks like for the future of IPG, and why companies like IPG need to engage with and support the Black Business Community. Heide Gardner, IPG’s Senior Vice President, Chief Diversity and Inclusion Officer, will moderate the distinguished panelists in conversation as they explore various perspectives on how businesses should address Black leaders' under-representation, with a focus on Boards, NGOs, and as business partners. “We all know that most companies are lagging with representation in the C-Suite and Boardroom, where critical decisions are made. We need more Black CEOs, board directors, executive management leaders, and in the case of our industry, even chief marketing officers. We also need more forums to celebrate and learn from those who are in these roles. We are honored to collaborate with the ELC and to have such pro-active and experienced corporate leaders join us to unpack the apparent momentum about representation, and about equity in the economic and policy decisions that companies must make,” noted Heide Gardner, IPG’s Senior Vice President, Chief Diversity and Inclusion Officer. “The ELC and its members are paving the way to increase Black leadership across Corporate America and focusing on more transparency about equity and equality in companies’ practices in employment, philanthropy and re-investment through business partner diversity.” “The ELC is dedicated to opening channels of opportunity for Black executives and leaders in business and society. We understand, all too well, the many challenges Black leaders face and the necessary changes needed to push Corporate America forward, and are honored to partner with IPG to address these critical topics,” said Crystal E. Ashby, interim president and CEO of The Executive Leadership Council. “We continue working towards building and developing the next pipeline of talent, and supporting the next generation of Black leaders. It starts with conversations like these.” To join IPG’s Black Employee Network and The Executive Leadership Council for Black Business Icons: From C-Suite to the Boardroom, on Wednesday, February 24th, from 2:00 PM – 3:15 PM EST, click here. Registration is free and open to the public. # # # About Interpublic Interpublic is values-based, data-fueled, and creatively-driven. Major global brands include Acxiom, Craft, FCB (Foote, Cone & Belding), FutureBrand, Golin, Huge, Initiative, Jack Morton, Kinesso, MAGNA, Matterkind, McCann, Mediahub, Momentum, MRM, MullenLowe Group, Octagon, R/GA, UM and Weber Shandwick. Other leading brands include Avrett Free Ginsberg, Campbell Ewald, Carmichael Lynch, Deutsch, Hill Holliday, ID Media and The Martin Agency. For more information, please visit www.interpublic.com. About The Executive Leadership Council The Executive Leadership Council opens channels of opportunity for the development of Black executives to positively impact business and our communities. An independent non-profit 501(c)(3) founded in 1986, The ELC is the pre-eminent membership organization committed to increasing the number of global Black executives in C-suites, on corporate boards and in global enterprises. Comprising more than 800 current and former Black CEOs, senior executives and board directors at Fortune 1000 and Global 500 companies, and entrepreneurs at top-tier firms, its members work to build an inclusive business leadership pipeline that empowers global Black leaders to make impactful contributions to the marketplace and the global communities they serve. Visit www.elcinfo.com for more information. # # # Contact InformationJemma Gould IPG (Press) (212) 704-1327 Libi Rice The Executive Leadership Council (Media Contact) email@example.com (202) 655-2926
Interpublic Raises $1B For Debt Refinancing
Wed, 24 Feb 2021 12:56:16 +0000
Advertising and marketing company Interpublic Group of Companies Inc (NYSE: IPG) priced $500 million 2.4% Senior Notes due 2031 and $500 million 3.375% Senior Notes due 2041 in a debt offering to raise 8 million. The company intends to utilize the offering proceeds to repay debt, including the $250 million of its 4% senior notes due 2022, the $500 million 3.75% senior notes due 2023, $500 million 4.20% senior notes due 2024. IPG may repay the 2022 Notes, 2023 Notes, and 2024 Notes over 100% of their respective principal amount, including interest. The premium for the repayment of the notes will be funded with cash on hand. IPG may invest the proceeds in short-term interest-bearing accounts, securities, or similar investments. The offering is expected to close on February 25, 2021. Citigroup Global Markets, BofA Securities, and Morgan Stanley are the joint book-running managers for the offering. IPG shares have gained 52% in the last six months. Price action: IPG shares closed higher by 0.34% at $26.58 on Tuesday. See more from BenzingaClick here for options trades from BenzingaDropbox Raises .31B In Upsized Convertible Debt OfferingHyundai To Replace 82,000 EV Battery Systems In Expensive Recall: Reuters© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Interpublic Prices Offering of $1.0 Billion Aggregate Principal Amount of Senior Notes
Tue, 23 Feb 2021 23:17:00 +0000
New York, Feb. 23, 2021 (GLOBE NEWSWIRE) — Interpublic Group (NYSE: IPG) today announced that it has priced a registered public offering of $500 million aggregate principal amount of its 2.400% Senior Notes due 2031 (CUSIP Number 460690 BT6) and $500 million aggregate principal amount of its 3.375% Senior Notes due 2041 (CUSIP Number 460690 BS8) (collectively, the “Notes”). The offering of the Notes is expected to close on February 25, 2021, subject to customary closing conditions. The net proceeds are expected to be approximately $988 million after discounts, commissions and estimated offering expenses. The Company plans to use the net proceeds from the offering to retire certain of its outstanding indebtedness, which includes the redemption or repurchase of all or a portion of (i) the $250 million aggregate principal amount of its 4.00% senior notes due 2022 (the “2022 Notes”), (ii) the $500 million aggregate principal amount of its 3.75% senior notes due 2023 (the “2023 Notes”) and (iii) the $500 million aggregate principal amount of its 4.20% senior notes due 2024 (the “2024 Notes”). IPG may redeem each of the 2022 Notes, 2023 Notes and 2024 Notes at the greater of 100% of their respective principal amount and a make-whole amount, plus accrued interest. The offering of the Notes in combination with the redemption or repurchase of the 2022 Notes, 2023 Notes and 2024 Notes is intended to be leverage-neutral overall. The applicable premium payments made in connection with the redemption or repurchase of the 2022 Notes, 2023 Notes and 2024 Notes will be funded with cash on hand. Pending such use, IPG may invest the net proceeds in short-term interest-bearing accounts, securities or similar investments. No statement contained in this press release shall constitute a notice of redemption under the indenture governing the 2022 Notes, 2023 Notes and 2024 Notes. Any such notice, if made, will only be made in accordance with the provisions of the applicable indenture. Citigroup Global Markets Inc., BofA Securities, Inc. and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. # # # This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. A shelf registration statement relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and is effective. Copies of the prospectus supplement and accompanying prospectus related to the offering may be obtained from Citigroup Global Markets Inc. toll-free at (800) 558-3745 or by email at firstname.lastname@example.org; BofA Securities, Inc. Attn: Prospectus Department, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, or by telephone at 1-800-294-1322 or by email at email@example.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014. You may also obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. # # # About InterpublicInterpublic is values-based, data-fueled, and creatively-driven. Major global brands include Acxiom, Craft, FCB (Foote, Cone & Belding), FutureBrand, Golin, Huge, Initiative, Jack Morton, Kinesso, MAGNA, Matterkind, McCann, Mediahub, Momentum, MRM, MullenLowe Group, Octagon, R/GA, UM and Weber Shandwick. Other leading brands include Avrett Free Ginsberg, Campbell Ewald, Carmichael Lynch, Deutsch, Hill Holliday, ID Media and The Martin Agency. For more information, please visit www.interpublic.com. # # # Contact InformationTom Cunningham (Press) (212) 704-1326 Jerry Leshne (Analysts, Investors) (212) 704-1439 Cautionary Statement This release contains forward-looking statements. Statements in this release that are not historical facts, including statements about management’s beliefs and expectations, constitute forward-looking statements. These statements are based on current plans, estimates and projections, and are subject to change based on a number of factors, including those outlined under Item 1A, Risk Factors, in our most recent Annual Report on Form 10-K, and our other filings with the Securities and Exchange Commission (“SEC”). Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors include, but are not limited to, the following: the effects of a challenging economy on the demand for our advertising and marketing services, on our clients’ financial condition and on our business or financial condition;the impacts of the novel coronavirus (COVID-19) pandemic and the measures to contain its spread, including social distancing efforts and restrictions on businesses, social activities and travel, any failure to realize anticipated benefits from the rollout of COVID-19 vaccination campaigns and the resulting impact on the economy, our clients and demand for our services, which may precipitate or exacerbate other risks and uncertainties;our ability to attract new clients and retain existing clients;our ability to retain and attract key employees;risks associated with assumptions we make in connection with our critical accounting estimates, including changes in assumptions associated with any effects of a weakened economy;potential adverse effects if we are required to recognize impairment charges or other adverse accounting-related developments;risks associated with the effects of global, national and regional economic and political conditions, including counterparty risks and fluctuations in economic growth rates, interest rates and currency exchange rates;developments from changes in the regulatory and legal environment for advertising and marketing and communications services companies around the world, including laws and regulations related to data protection and consumer privacy; and failure to fully realize the anticipated benefits of our 2020 restructuring actions and other cost-saving initiatives. Investors should carefully consider these factors and the additional risk factors outlined in more detail under Item 1A, Risk Factors, in our most recent Annual Report on Form 10-K, and our other SEC filings.
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