Vest Financial LLC Acquires 289,014 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Vest Financial LLC lifted its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 31.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,205,662 shares of the business services provider’s stock after purchasing an additional 289,014 shares during the period. Vest Financial LLC owned 0.32% of Interpublic Group of Companies worth $33,783,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IPG. Catalyst Capital Advisors LLC acquired a new position in Interpublic Group of Companies in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Interpublic Group of Companies during the 3rd quarter valued at $32,000. Brooklyn Investment Group bought a new position in Interpublic Group of Companies during the third quarter worth $60,000. Trust Co. of Vermont grew its holdings in Interpublic Group of Companies by 250.0% in the third quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock worth $66,000 after purchasing an additional 1,500 shares during the period. Finally, Raleigh Capital Management Inc. increased its stake in Interpublic Group of Companies by 31.8% in the third quarter. Raleigh Capital Management Inc. now owns 2,356 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 568 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

IPG has been the subject of several research reports. StockNews.com began coverage on Interpublic Group of Companies in a research note on Wednesday. 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 note on Tuesday, December 10th. 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. 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 research report on Friday, January 24th. 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 report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock 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 $27.48 on Friday. 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 stock has a market cap of $10.24 billion, a PE ratio of 12.96 and a beta of 1.11. The stock’s fifty day simple moving average is $28.63 and its two-hundred day simple moving average is $29.98. The Interpublic Group of Companies, Inc. has a 1-year low of $26.30 and a 1-year high of $35.17.

About Interpublic Group of Companies

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.