The Interpublic Group of Companies, Inc. (NYSE:IPG) Holdings Lowered by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 934,351 shares of the business services provider’s stock after selling 12,471 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Interpublic Group of Companies worth $26,181,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Rosenberg Matthew Hamilton raised its stake in shares of Interpublic Group of Companies by 9.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock worth $131,000 after buying an additional 365 shares in the last quarter. Ballentine Partners LLC raised its position in Interpublic Group of Companies by 2.9% in the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock worth $445,000 after acquiring an additional 399 shares in the last quarter. Empirical Finance LLC lifted its holdings in Interpublic Group of Companies by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider’s stock valued at $1,031,000 after acquiring an additional 409 shares during the last quarter. West Oak Capital LLC boosted its position in shares of Interpublic Group of Companies by 0.8% during the 4th quarter. West Oak Capital LLC now owns 55,595 shares of the business services provider’s stock valued at $1,558,000 after purchasing an additional 435 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its position in shares of Interpublic Group of Companies by 0.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 122,533 shares of the business services provider’s stock valued at $3,876,000 after purchasing an additional 457 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

IPG has been the subject of several recent research reports. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $32.00 to $39.00 in a research note on Monday, January 27th. Macquarie reaffirmed a “neutral” rating and set a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. 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 research report on Friday, January 10th. Finally, StockNews.com started coverage on Interpublic Group of Companies in a report on Wednesday, February 5th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies currently has a consensus rating of “Hold” and an average price target of $33.75.

Interpublic Group of Companies Trading Down 0.1 %

Shares of NYSE IPG opened at $27.14 on Wednesday. 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 Interpublic Group of Companies, Inc. has a one year low of $26.30 and a one year high of $35.17. The business has a 50-day moving average price of $28.50 and a two-hundred day moving average price of $29.94. The firm has a market capitalization of $10.11 billion, a PE ratio of 12.80 and a beta of 1.11.

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.