The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. reduced its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 39.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,258 shares of the business services provider’s stock after selling 6,080 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Interpublic Group of Companies were worth $259,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in IPG. Catalyst Capital Advisors LLC acquired a new position in Interpublic Group of Companies during the 3rd quarter worth $26,000. Ashton Thomas Securities LLC acquired a new position in 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 in the 3rd quarter valued at about $60,000. Trust Co. of Vermont boosted its holdings in shares of Interpublic Group of Companies by 250.0% in the 3rd quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock valued at $66,000 after buying an additional 1,500 shares during the period. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Interpublic Group of Companies by 31.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 2,356 shares of the business services provider’s stock valued at $75,000 after buying an additional 568 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IPG. StockNews.com began coverage on shares of Interpublic Group of Companies in a report on Wednesday. They issued a “hold” rating for the company. Barclays raised shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $32.00 to $36.00 in a report on Friday, January 24th. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Macquarie reaffirmed a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Finally, BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $33.75.

Interpublic Group of Companies Stock Down 0.9 %

IPG stock opened at $27.48 on Friday. The Interpublic Group of Companies, Inc. has a 52 week low of $26.30 and a 52 week high of $35.17. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 12.96 and a beta of 1.11. The firm’s 50-day moving average is $28.56 and its two-hundred day moving average is $29.96. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

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.