The Interpublic Group of Companies, Inc. (NYSE:IPG) Holdings Raised by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 18.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 327,086 shares of the business services provider’s stock after buying an additional 51,051 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.09% of Interpublic Group of Companies worth $9,189,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in shares of Interpublic Group of Companies during the 3rd quarter worth $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Interpublic Group of Companies during the 3rd quarter worth $32,000. Brooklyn Investment Group acquired a new position in shares of Interpublic Group of Companies during the 3rd quarter worth $60,000. Trust Co. of Vermont increased its stake in shares of Interpublic Group of Companies by 250.0% during the 3rd quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock worth $66,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in shares of Interpublic Group of Companies by 31.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 2,356 shares of the business services provider’s stock worth $75,000 after purchasing an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of Interpublic Group of Companies stock opened at $27.70 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 fifty-two week low of $26.30 and a fifty-two week high of $35.17. The firm has a fifty day moving average price of $28.68 and a two-hundred day moving average price of $29.99. The company has a market cap of $10.32 billion, a PE ratio of 13.06 and a beta of 1.11.

Analysts Set New Price Targets

Several brokerages have recently commented on IPG. StockNews.com began coverage on shares of Interpublic Group of Companies in a research note on Wednesday. They set a “hold” rating on the stock. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $32.00 to $36.00 in a research note on Friday, January 24th. Macquarie reiterated 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. Finally, JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $32.00 to $39.00 in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Interpublic Group of Companies currently 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.