The Interpublic Group of Companies, Inc. (NYSE:IPG) Stock Holdings Lowered by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. reduced its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 39.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,258 shares of the business services provider’s stock after selling 6,080 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Interpublic Group of Companies were worth $259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new position in shares of Interpublic Group of Companies in the third quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Interpublic Group of Companies in the third quarter worth approximately $32,000. Brooklyn Investment Group purchased a new position in shares of Interpublic Group of Companies in the third quarter worth approximately $60,000. Trust Co. of Vermont increased its position in shares of 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 acquiring an additional 1,500 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its position in shares of 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 worth $75,000 after acquiring an additional 568 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on IPG shares. JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $32.00 to $39.00 in a research report on Monday, January 27th. StockNews.com started coverage on shares of Interpublic Group of Companies in a research report on Wednesday. They set a “hold” rating on the stock. Macquarie reaffirmed a “neutral” rating and set a $31.00 price objective 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 boosted their target price for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. Finally, BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $33.75.

Interpublic Group of Companies Price Performance

NYSE:IPG opened at $27.48 on Friday. The stock has a market cap of $10.24 billion, a P/E ratio of 12.96 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a one year low of $26.30 and a one year high of $35.17. The company has a fifty day moving average price of $28.56 and a 200 day moving average price of $29.96. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09.

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.