Burford Brothers Inc. Has $467,000 Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Burford Brothers Inc. cut its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 14.1% during the 4th quarter, Holdings Channel reports. The firm owned 16,680 shares of the business services provider’s stock after selling 2,730 shares during the quarter. Burford Brothers Inc.’s holdings in Interpublic Group of Companies were worth $467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of IPG. Pacer Advisors Inc. increased its holdings in shares of Interpublic Group of Companies by 25,637.0% in 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. State Street Corp boosted its holdings in shares of 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 worth $943,993,000 after buying an additional 3,920,975 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 during the period. Charles Schwab Investment Management Inc. raised its holdings in Interpublic Group of Companies by 2.2% in the 3rd 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 acquiring an additional 270,857 shares during the period. Finally, Cerity Partners LLC lifted its position in Interpublic Group of Companies by 448.5% during the third quarter. Cerity Partners LLC now owns 268,154 shares of the business services provider’s stock worth $8,482,000 after acquiring an additional 219,263 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Trading Down 0.1 %

IPG opened at $28.68 on Monday. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 13.53 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. The company has a 50-day simple moving average of $28.80 and a 200 day simple moving average of $30.02.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IPG shares. Macquarie reaffirmed a “neutral” rating and issued 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 objective on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $32.00 to $39.00 in a research report on Monday, January 27th. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. Finally, Barclays raised shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $32.00 to $36.00 in a report on Friday, January 24th. Two equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.75.

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.