International Private Wealth Advisors LLC Acquires 635 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

International Private Wealth Advisors LLC raised its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,422 shares of the business services provider’s stock after buying an additional 635 shares during the quarter. International Private Wealth Advisors LLC’s holdings in Interpublic Group of Companies were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in Interpublic Group of Companies by 15.1% during the third quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after acquiring an additional 3,920,975 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of 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 purchasing an additional 20,395 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Interpublic Group of Companies by 2,679.9% in the third quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider’s stock worth $965,000 after purchasing an additional 29,425 shares during the last quarter. ING Groep NV purchased a new stake in shares of Interpublic Group of Companies in the third quarter worth about $1,589,000. Finally, Bridgewater Associates LP boosted its stake in Interpublic Group of Companies by 956.5% during the third quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider’s stock valued at $3,313,000 after buying an additional 94,821 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Interpublic Group of Companies stock opened at $27.17 on Tuesday. The Interpublic Group of Companies, Inc. has a 12-month low of $26.30 and a 12-month high of $35.17. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $28.56 and a 200-day moving average price of $29.97. The firm has a market capitalization of $10.12 billion, a PE ratio of 12.81 and a beta of 1.11.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Macquarie reaffirmed a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, January 10th. Barclays raised shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $32.00 to $36.00 in a research note on Friday, January 24th. Finally, StockNews.com initiated coverage on shares of Interpublic Group of Companies in a report on Wednesday, February 5th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $33.75.

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.