The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Acquired by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. boosted its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,115 shares of the business services provider’s stock after purchasing an additional 1,836 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Interpublic Group of Companies were worth $507,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Public Sector Pension Investment Board grew its stake in Interpublic Group of Companies by 65.4% in the second quarter. Public Sector Pension Investment Board now owns 14,471 shares of the business services provider’s stock worth $421,000 after purchasing an additional 5,724 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Interpublic Group of Companies by 45.9% in the 2nd quarter. AQR Capital Management LLC now owns 209,173 shares of the business services provider’s stock worth $6,085,000 after acquiring an additional 65,759 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Interpublic Group of Companies in the 2nd quarter valued at approximately $1,462,000. AMF Tjanstepension AB raised its position in shares of Interpublic Group of Companies by 70.3% during the 3rd quarter. AMF Tjanstepension AB now owns 253,172 shares of the business services provider’s stock valued at $8,008,000 after acquiring an additional 104,514 shares in the last quarter. Finally, Czech National Bank lifted its stake in Interpublic Group of Companies by 6.4% during the third quarter. Czech National Bank now owns 76,511 shares of the business services provider’s stock worth $2,420,000 after purchasing an additional 4,589 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Down 0.1 %

Shares of Interpublic Group of Companies stock opened at $28.68 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The Interpublic Group of Companies, Inc. has a 1-year low of $26.30 and a 1-year high of $35.17. The business’s fifty day moving average price is $28.82 and its two-hundred day moving average price is $30.03. The company has a market capitalization of $10.69 billion, a P/E ratio of 13.53 and a beta of 1.11.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IPG. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Friday, January 10th. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. Macquarie restated a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $32.00 to $39.00 in a research report on Monday, January 27th. Finally, Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $32.00 to $36.00 in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $33.75.

Interpublic Group of Companies Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.