Patron Partners LLC Buys 2,086 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Patron Partners LLC increased its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,368 shares of the business services provider’s stock after acquiring an additional 2,086 shares during the quarter. Patron Partners LLC’s holdings in Interpublic Group of Companies were worth $515,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its position in shares of Interpublic Group of Companies by 25,637.0% during the fourth quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider’s stock worth $207,439,000 after purchasing an additional 7,374,491 shares in the last quarter. State Street Corp grew its holdings in shares of 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 worth $943,993,000 after buying an additional 3,920,975 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Interpublic Group of Companies by 10.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,402,349 shares of the business services provider’s stock valued at $139,246,000 after acquiring an additional 417,741 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Interpublic Group of Companies by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock worth $393,064,000 after acquiring an additional 270,857 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Interpublic Group of Companies by 448.5% in the third quarter. Cerity Partners LLC now owns 268,154 shares of the business services provider’s stock valued at $8,482,000 after purchasing an additional 219,263 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

IPG has been the topic of several recent analyst reports. Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. StockNews.com initiated coverage on shares of Interpublic Group of Companies in a research note on Tuesday, January 28th. They issued a “hold” rating for the company. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. 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 stock from $32.00 to $39.00 in a research note on Monday, January 27th. Finally, Macquarie reaffirmed a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Two 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. Based on data from MarketBeat.com, Interpublic Group of Companies currently has an average rating of “Hold” and a consensus price target of $33.75.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG opened at $29.00 on Tuesday. The firm’s 50 day moving average price is $28.80 and its 200-day moving average price is $30.02. The stock has a market capitalization of $10.80 billion, a PE ratio of 13.68 and a beta of 1.11. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The Interpublic Group of Companies, Inc. has a twelve month low of $26.30 and a twelve month 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.