The Interpublic Group of Companies, Inc. (NYSE:IPG) Position Raised by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC raised its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 16.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,430 shares of the business services provider’s stock after buying an additional 1,800 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Interpublic Group of Companies were worth $348,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in Interpublic Group of Companies by 15.1% in 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 buying an additional 3,920,975 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Interpublic Group of Companies by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock valued at $393,064,000 after purchasing an additional 270,857 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Interpublic Group of Companies by 0.9% during the third quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock valued at $298,107,000 after purchasing an additional 81,265 shares in the last quarter. Pacer Advisors Inc. raised its stake 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 valued at $207,439,000 after purchasing an additional 7,374,491 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Interpublic Group of Companies by 10.5% during the third 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 purchasing an additional 417,741 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IPG. Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $32.00 to $36.00 in a research note on Friday, January 24th. 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 note on Friday, January 10th. Macquarie restated a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $26.00 to $34.00 in a report on Tuesday, December 10th. Finally, StockNews.com started coverage on Interpublic Group of Companies in a report on Wednesday. They set a “hold” rating on the stock. Two investment 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. According to data from MarketBeat, Interpublic Group of Companies has a consensus rating of “Hold” and a consensus target price of $33.75.

Interpublic Group of Companies Trading Down 2.8 %

Shares of IPG opened at $28.00 on Thursday. The Interpublic Group of Companies, Inc. has a 1-year low of $26.30 and a 1-year high of $35.17. The stock has a market capitalization of $10.44 billion, a P/E ratio of 13.21 and a beta of 1.11. 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 business’s 50-day moving average price is $28.73 and its 200 day moving average price is $30.01.

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.