CENTRAL TRUST Co increased its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG – Free 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.
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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.
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