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

Vest Financial LLC raised its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 31.5% in the fourth quarter, Holdings Channel reports. The firm 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’s holdings in Interpublic Group of Companies were worth $33,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of IPG. Pacer Advisors Inc. grew its position in 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 buying an additional 7,374,491 shares during the period. State Street Corp boosted 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 acquiring an additional 3,920,975 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Interpublic Group of Companies by 10.5% during 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. increased its stake in shares of Interpublic Group of Companies by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock worth $393,064,000 after purchasing an additional 270,857 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Interpublic Group of Companies by 448.5% in the 3rd quarter. Cerity Partners LLC now owns 268,154 shares of the business services provider’s stock worth $8,482,000 after purchasing an additional 219,263 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Down 0.9 %

Shares of Interpublic Group of Companies stock opened at $27.48 on Friday. The company’s 50-day moving average price is $28.63 and its 200-day moving average price is $29.98. 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 Interpublic Group of Companies, Inc. has a 12-month low of $26.30 and a 12-month high of $35.17. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 12.96 and a beta of 1.11.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on IPG shares. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $32.00 to $39.00 in a report on Monday, January 27th. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. StockNews.com started coverage on Interpublic Group of Companies in a research note on Wednesday. They issued a “hold” rating on the stock. Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock 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 target on the stock in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.75.

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.