The Interpublic Group of Companies, Inc. (NYSE:IPG) Short Interest Up 8.0% in January

The Interpublic Group of Companies, Inc. (NYSE:IPG) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 24,450,000 shares, an increase of 8.0% from the December 31st total of 22,630,000 shares. Approximately 6.6% of the company’s shares are sold short. Based on an average trading volume of 5,540,000 shares, the days-to-cover ratio is currently 4.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Catalyst Capital Advisors LLC bought a new stake in shares of Interpublic Group of Companies during the third quarter worth about $26,000. Allworth Financial LP increased its holdings in Interpublic Group of Companies by 75.8% during the 4th quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock worth $31,000 after purchasing an additional 480 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Interpublic Group of Companies in the third quarter worth approximately $32,000. Brooklyn Investment Group bought a new position in shares of Interpublic Group of Companies in the third quarter valued at approximately $60,000. Finally, Trust Co. of Vermont boosted its position in shares of Interpublic Group of Companies by 250.0% during the third quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock valued at $66,000 after buying an additional 1,500 shares during 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 analyst reports. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $32.00 to $39.00 in a research report on Monday, January 27th. StockNews.com started coverage on Interpublic Group of Companies in a report on Tuesday, January 28th. They issued a “hold” rating on the stock. Macquarie restated a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. Finally, BNP Paribas raised 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Interpublic Group of Companies presently has an average rating of “Hold” and a consensus price target of $33.75.

Interpublic Group of Companies Stock Down 0.1 %

Shares of NYSE:IPG traded down $0.04 during trading on Tuesday, reaching $28.96. 1,118,797 shares of the stock were exchanged, compared to its average volume of 4,439,112. Interpublic Group of Companies has a 1-year low of $26.30 and a 1-year high of $35.17. The stock has a fifty day moving average of $28.80 and a two-hundred day moving average of $30.02. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 13.65 and a beta of 1.11.

Interpublic Group of Companies Company 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.