Livforsakringsbolaget Skandia Omsesidigt Sells 147,500 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Livforsakringsbolaget Skandia Omsesidigt reduced its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 95.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,277 shares of the business services provider’s stock after selling 147,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Interpublic Group of Companies were worth $204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp raised its position in shares of Interpublic Group of Companies by 15.1% in the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock worth $943,993,000 after acquiring an additional 3,920,975 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Interpublic Group of Companies by 240.9% during the third quarter. Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider’s stock valued at $913,000 after buying an additional 20,395 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Interpublic Group of Companies by 2,679.9% during the 3rd quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider’s stock valued at $965,000 after buying an additional 29,425 shares in the last quarter. ING Groep NV purchased a new stake in shares of Interpublic Group of Companies in the 3rd quarter worth about $1,589,000. Finally, Bridgewater Associates LP increased its stake in shares of Interpublic Group of Companies by 956.5% in the 3rd quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider’s stock worth $3,313,000 after acquiring an additional 94,821 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IPG. JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $32.00 to $39.00 in a report on Monday, January 27th. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. StockNews.com initiated coverage on Interpublic Group of Companies in a report on Wednesday. They issued a “hold” rating on the stock. BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Friday, January 10th. Finally, Macquarie reiterated a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Two investment 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. According to data from MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus price target of $33.75.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG opened at $27.48 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 12.96 and a beta of 1.11. The business has a 50-day simple moving average of $28.63 and a two-hundred day simple moving average of $29.98. The Interpublic Group of Companies, Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $35.17.

Interpublic Group of Companies Company 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.