International Private Wealth Advisors LLC Buys 635 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

International Private Wealth Advisors LLC grew its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 7.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,422 shares of the business services provider’s stock after acquiring an additional 635 shares during the period. International Private Wealth Advisors LLC’s holdings in Interpublic Group of Companies were worth $264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of IPG. AMF Tjanstepension AB raised its position in Interpublic Group of Companies by 70.3% during the 3rd quarter. AMF Tjanstepension AB now owns 253,172 shares of the business services provider’s stock valued at $8,008,000 after purchasing an additional 104,514 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Interpublic Group of Companies by 31.3% in the third quarter. GAMMA Investing LLC now owns 3,713 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 886 shares in the last quarter. Ritholtz Wealth Management lifted its stake in Interpublic Group of Companies by 7.0% in the third quarter. Ritholtz Wealth Management now owns 21,557 shares of the business services provider’s stock worth $682,000 after acquiring an additional 1,416 shares during the period. Exchange Traded Concepts LLC grew its holdings in Interpublic Group of Companies by 38.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 44,540 shares of the business services provider’s stock worth $1,409,000 after acquiring an additional 12,386 shares in the last quarter. Finally, Paladin Wealth LLC purchased a new position in Interpublic Group of Companies during the 3rd quarter valued at about $161,000. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Down 1.2 %

Interpublic Group of Companies stock opened at $27.17 on Tuesday. The Interpublic Group of Companies, Inc. has a 1-year low of $26.30 and a 1-year high of $35.17. The business has a fifty day moving average price of $28.56 and a 200-day moving average price of $29.97. 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 stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 12.81 and a beta of 1.11.

Wall Street Analysts Forecast Growth

IPG has been the subject of several research reports. StockNews.com assumed coverage on shares of Interpublic Group of Companies in a research report on Wednesday, February 5th. They issued a “hold” rating for the company. BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Friday, January 10th. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and increased their target price for the company from $32.00 to $39.00 in a research report on Monday, January 27th. Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. Finally, 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.