Mirae Asset Global Investments Co. Ltd. boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 18.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 327,086 shares of the business services provider's stock after acquiring an additional 51,051 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of Interpublic Group of Companies worth $9,189,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in IPG. State Street Corp increased its stake in shares of Interpublic Group of Companies by 15.1% during 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 acquiring an additional 3,920,975 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Interpublic Group of Companies by 2.2% during 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 buying an additional 270,857 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 worth $298,107,000 after purchasing an additional 81,265 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Interpublic Group of Companies by 25,637.0% in the 4th quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider's stock worth $207,439,000 after acquiring an additional 7,374,491 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 valued at $139,246,000 after acquiring an additional 417,741 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.
Interpublic Group of Companies Price Performance
Shares of NYSE:IPG traded down $0.31 during trading on Monday, reaching $27.18. The company had a trading volume of 2,133,952 shares, compared to its average volume of 4,745,195. The firm's fifty day moving average is $28.56 and its 200 day moving average is $29.97. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $10.13 billion, a PE ratio of 12.81 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a twelve month low of $26.30 and a twelve month high of $35.17.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Interpublic Group of Companies in a research note on Wednesday, February 5th. They issued a "hold" rating for the company. Barclays raised 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 report on Friday, January 24th. JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $32.00 to $39.00 in a research note on Monday, January 27th. Wells Fargo & Company raised Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $26.00 to $34.00 in a report on Tuesday, December 10th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $33.75.
Read Our Latest Stock Report on IPG
Interpublic Group of Companies Company Profile
(
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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