Berkshire Bank Sells 942 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Berkshire Bank lessened its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,799 shares of the business services provider’s stock after selling 942 shares during the period. Berkshire Bank’s holdings in Interpublic Group of Companies were worth $555,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IPG. State Street Corp increased its holdings in shares of Interpublic Group of Companies by 15.1% during 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 valued at $393,064,000 after purchasing an additional 270,857 shares during the last quarter. Geode Capital Management LLC increased its stake in Interpublic Group of Companies by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock valued at $298,107,000 after purchasing an additional 81,265 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Interpublic Group of Companies by 25,637.0% in 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Interpublic Group of Companies by 10.5% in the third 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. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

IPG opened at $29.29 on Tuesday. 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 $10.91 billion, a price-to-earnings ratio of 13.81 and a beta of 1.11. 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 company’s 50 day moving average is $28.76 and its 200 day moving average is $30.05.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $32.00 to $36.00 in a report on Friday. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. StockNews.com assumed coverage on Interpublic Group of Companies in a research report on Tuesday. They set a “hold” rating on the stock. Macquarie reissued a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $32.00 to $39.00 in a research note on Monday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Interpublic Group of Companies has an average rating of “Hold” and an average price target of $33.75.

About Interpublic Group of Companies

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.