The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Sold by Caitlin John LLC

Caitlin John LLC trimmed its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 13.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,243 shares of the business services provider’s stock after selling 1,620 shares during the quarter. Caitlin John LLC’s holdings in Interpublic Group of Companies were worth $287,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp lifted its position in Interpublic Group of Companies by 15.1% in the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after purchasing an additional 3,920,975 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Interpublic Group of Companies by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock valued at $393,064,000 after purchasing an additional 270,857 shares during the period. Geode Capital Management LLC raised its holdings in shares of Interpublic Group of Companies by 0.9% during the third quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock valued at $298,107,000 after buying an additional 81,265 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of 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 worth $207,439,000 after buying an additional 7,374,491 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Interpublic Group of Companies by 10.5% in 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 worth $139,246,000 after buying an additional 417,741 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IPG. Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $32.00 to $36.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $32.00 to $39.00 in a report on Monday, January 27th. Macquarie reissued a “neutral” rating and set a $31.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, January 10th. Finally, StockNews.com started coverage on shares of Interpublic Group of Companies in a research note on Wednesday. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $33.75.

Interpublic Group of Companies Stock Down 2.8 %

NYSE IPG opened at $28.00 on Thursday. 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 capitalization of $10.44 billion, a P/E ratio of 13.21 and a beta of 1.11. The company’s 50 day simple moving average is $28.73 and its 200 day simple moving average is $30.01. 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.