The Interpublic Group of Companies, Inc. (NYSE:IPG) Short Interest Update

The Interpublic Group of Companies, Inc. (NYSE:IPG - Get Free Report) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 24,450,000 shares, a growth of 8.0% from the December 31st total of 22,630,000 shares. Based on an average trading volume of 5,540,000 shares, the short-interest ratio is presently 4.4 days. Currently, 6.6% of the company's shares are short sold.

Institutional Trading of Interpublic Group of Companies

Hedge funds have recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton increased its holdings in shares of Interpublic Group of Companies by 9.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider's stock valued at $131,000 after acquiring an additional 365 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Interpublic Group of Companies by 2.9% in the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider's stock valued at $445,000 after purchasing an additional 399 shares in the last quarter. Empirical Finance LLC increased its stake in Interpublic Group of Companies by 1.3% in the third quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider's stock valued at $1,031,000 after purchasing an additional 409 shares during the last quarter. West Oak Capital LLC raised its holdings in Interpublic Group of Companies by 0.8% during the fourth quarter. West Oak Capital LLC now owns 55,595 shares of the business services provider's stock worth $1,558,000 after purchasing an additional 435 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of Interpublic Group of Companies by 0.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 122,533 shares of the business services provider's stock worth $3,876,000 after buying an additional 457 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Interpublic Group of Companies Stock Down 0.9 %

NYSE IPG traded down $0.24 during trading hours on Friday, hitting $27.48. 3,826,313 shares of the company were exchanged, compared to its average volume of 4,853,804. The company has a 50 day moving average of $28.63 and a two-hundred day moving average of $29.98. 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 firm has a market cap of $10.24 billion, a price-to-earnings ratio of 12.96 and a beta of 1.11. Interpublic Group of Companies has a 52-week low of $26.30 and a 52-week high of $35.17.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $32.00 to $39.00 in a report on Monday, January 27th. Barclays raised shares of Interpublic Group of Companies from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $32.00 to $36.00 in a research note on Friday, January 24th. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. StockNews.com began coverage on Interpublic Group of Companies in a research note on Wednesday. They set a "hold" rating on the stock. Finally, Macquarie reaffirmed a "neutral" rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Interpublic Group of Companies has a consensus rating of "Hold" and a consensus 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.