Livforsakringsbolaget Skandia Omsesidigt Sells 147,500 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Livforsakringsbolaget Skandia Omsesidigt lowered its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 95.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,277 shares of the business services provider's stock after selling 147,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Interpublic Group of Companies were worth $204,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in shares of Interpublic Group of Companies during the third quarter worth about $26,000. Ashton Thomas Securities LLC bought a new position in shares of Interpublic Group of Companies during the 3rd quarter worth approximately $32,000. Brooklyn Investment Group bought a new position in shares of Interpublic Group of Companies during the 3rd quarter worth approximately $60,000. Trust Co. of Vermont lifted its position in shares of Interpublic Group of Companies by 250.0% in the third quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider's stock worth $66,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in shares of Interpublic Group of Companies by 31.8% in the third quarter. Raleigh Capital Management Inc. now owns 2,356 shares of the business services provider's stock worth $75,000 after purchasing an additional 568 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on IPG shares. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. Macquarie reaffirmed 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. StockNews.com began coverage on Interpublic Group of Companies in a research report on Wednesday, February 5th. They set a "hold" rating for the company. Barclays raised Interpublic Group of Companies from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. Finally, BNP Paribas raised Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 price objective for the company in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $33.75.

Interpublic Group of Companies Stock Performance

Shares of NYSE IPG traded down $0.04 during midday trading on Tuesday, hitting $27.14. 4,145,001 shares of the company's stock were exchanged, compared to its average volume of 4,874,633. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The company's 50 day moving average price is $28.50 and its 200 day moving average price is $29.94. The Interpublic Group of Companies, Inc. has a 12 month low of $26.30 and a 12 month high of $35.17. The firm has a market capitalization of $10.11 billion, a PE ratio of 12.80 and a beta of 1.11.

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.