7,239 Shares in The Interpublic Group of Companies, Inc. (NYSE:IPG) Bought by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft acquired a new stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) in the 4th quarter, Holdings Channel.com reports. The fund acquired 7,239 shares of the business services provider’s stock, valued at approximately $203,000.

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp lifted its position in Interpublic Group of Companies by 15.1% during the 3rd 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 during the period. Charles Schwab Investment Management Inc. increased 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 increased 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. lifted its holdings 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 during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $139,246,000 after purchasing an additional 417,741 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on IPG. Barclays upgraded 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. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $32.00 to $39.00 in a research report on Monday, January 27th. StockNews.com initiated coverage on shares of Interpublic Group of Companies in a research report on Tuesday. They set a “hold” rating on the stock. Macquarie reiterated a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. 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. According to MarketBeat.com, Interpublic Group of Companies currently has a consensus rating of “Hold” and a consensus price target of $33.75.

Interpublic Group of Companies Trading Down 0.1 %

Shares of IPG stock opened at $28.68 on Friday. The stock has a market capitalization of $10.68 billion, a P/E ratio of 13.53 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 firm’s 50 day moving average is $28.82 and its 200 day moving average is $30.03. The Interpublic Group of Companies, Inc. has a 12-month low of $26.30 and a 12-month high of $35.17.

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.