Empirical Finance LLC Has $1.40 Million Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Empirical Finance LLC grew its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 52.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,825 shares of the business services provider’s stock after buying an additional 17,216 shares during the period. Empirical Finance LLC’s holdings in Interpublic Group of Companies were worth $1,396,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in IPG. Kingsview Wealth Management LLC acquired a new stake in Interpublic Group of Companies during the 4th quarter worth approximately $9,041,000. Vest Financial LLC increased its position in Interpublic Group of Companies by 31.5% during the 4th quarter. Vest Financial LLC now owns 1,205,662 shares of the business services provider’s stock worth $33,783,000 after buying an additional 289,014 shares during the period. Lecap Asset Management Ltd. acquired a new stake in shares of Interpublic Group of Companies during the fourth quarter worth $282,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Interpublic Group of Companies by 8.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 83,853 shares of the business services provider’s stock valued at $2,350,000 after acquiring an additional 6,616 shares during the period. Finally, Centennial Wealth Advisory LLC increased its position in Interpublic Group of Companies by 16.9% during the fourth quarter. Centennial Wealth Advisory LLC now owns 12,430 shares of the business services provider’s stock worth $348,000 after acquiring an additional 1,800 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $32.00 to $36.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $32.00 to $39.00 in a research report on Monday, January 27th. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Friday, January 10th. Macquarie reaffirmed a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.75.

Interpublic Group of Companies Stock Down 0.9 %

NYSE:IPG opened at $27.48 on Monday. 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 debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $10.24 billion, a PE ratio of 12.96 and a beta of 1.11. The firm’s 50 day simple moving average is $28.56 and its 200 day simple moving average is $29.96.

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.