CENTRAL TRUST Co Increases Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

CENTRAL TRUST Co increased its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 10.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,037 shares of the business services provider’s stock after purchasing an additional 675 shares during the period. CENTRAL TRUST Co’s holdings in Interpublic Group of Companies were worth $197,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Western Pacific Wealth Management LP boosted its stake in shares of Interpublic Group of Companies by 54.1% in the 4th quarter. Western Pacific Wealth Management LP now owns 9,736 shares of the business services provider’s stock valued at $273,000 after purchasing an additional 3,420 shares in the last quarter. Symphony Financial Ltd. Co. boosted its position in Interpublic Group of Companies by 11.3% during the 4th quarter. Symphony Financial Ltd. Co. now owns 18,115 shares of the business services provider’s stock valued at $507,000 after buying an additional 1,836 shares during the period. Caprock Group LLC purchased a new stake in Interpublic Group of Companies during the 4th quarter valued at $775,000. Baader Bank Aktiengesellschaft purchased a new stake in Interpublic Group of Companies during the 4th quarter valued at $203,000. Finally, Foster & Motley Inc. boosted its position in Interpublic Group of Companies by 5.6% during the 4th quarter. Foster & Motley Inc. now owns 31,814 shares of the business services provider’s stock valued at $891,000 after buying an additional 1,674 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Down 0.6 %

Shares of Interpublic Group of Companies stock opened at $28.82 on Wednesday. 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 50-day moving average of $28.77 and a 200 day moving average of $30.01. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 13.59 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a 1 year low of $26.30 and a 1 year high of $35.17.

Analysts Set New Price Targets

Several brokerages have weighed in on IPG. 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 report on Friday, January 10th. JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $32.00 to $39.00 in a research report on Monday, January 27th. Barclays raised shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $32.00 to $36.00 in a research report on Friday, January 24th. Macquarie restated a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a report 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 upped their price objective for the stock from $26.00 to $34.00 in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $33.75.

Get Our Latest Stock Report on IPG

About Interpublic Group of Companies

(Free Report)

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.

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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