Gamco Investors INC. ET AL Reduces Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Gamco Investors INC. ET AL trimmed its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 895,783 shares of the business services provider’s stock after selling 12,811 shares during the period. Gamco Investors INC. ET AL owned about 0.23% of Interpublic Group of Companies worth $25,673,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IPG. Compass Wealth Management LLC acquired a new position in Interpublic Group of Companies during the 4th quarter worth approximately $25,000. Clear Street Markets LLC boosted its stake in shares of Interpublic Group of Companies by 94.9% in the first quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 372 shares during the period. Resurgent Financial Advisors LLC acquired a new stake in Interpublic Group of Companies during the 4th quarter valued at $34,000. Massmutual Trust Co. FSB ADV lifted its holdings in Interpublic Group of Companies by 63.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,033 shares of the business services provider’s stock worth $40,000 after buying an additional 401 shares in the last quarter. Finally, First Manhattan CO. LLC. boosted its position in Interpublic Group of Companies by 1,176.5% in the 1st quarter. First Manhattan CO. LLC. now owns 1,085 shares of the business services provider’s stock valued at $40,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group initiated coverage on Interpublic Group of Companies in a report on Thursday, January 11th. They issued a “neutral” rating and a $36.00 price target for the company. StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Macquarie reduced their price objective on Interpublic Group of Companies from $36.00 to $30.00 in a research note on Tuesday, October 10th. Morgan Stanley dropped their target price on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “equal weight” rating on the stock in a report on Monday, October 23rd. Finally, Citigroup lowered their price objective on shares of Interpublic Group of Companies from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, October 23rd. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus price target of $36.00.

Get Our Latest Stock Report on Interpublic Group of Companies

Interpublic Group of Companies Trading Down 0.5 %

NYSE:IPG opened at $32.90 on Tuesday. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.80 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 1.04. The business has a fifty day moving average of $32.26 and a 200-day moving average of $31.24. The Interpublic Group of Companies, Inc. has a 1 year low of $27.20 and a 1 year high of $40.95.

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.

See Also

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

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