The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,853 shares of the business services provider’s stock after acquiring an additional 6,616 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Interpublic Group of Companies were worth $2,350,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in IPG. Pacer Advisors Inc. lifted its stake in Interpublic Group of Companies by 25,637.0% during the fourth quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider’s stock worth $207,439,000 after purchasing an additional 7,374,491 shares during the last quarter. State Street Corp raised its holdings in Interpublic Group of Companies by 15.1% during the third quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock worth $943,993,000 after purchasing an additional 3,920,975 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Interpublic Group of Companies by 10.5% during the 3rd 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 worth $139,246,000 after buying an additional 417,741 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Interpublic Group of Companies by 2.2% in the 3rd 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. Finally, Cerity Partners LLC grew its position in shares of Interpublic Group of Companies by 448.5% in the 3rd quarter. Cerity Partners LLC now owns 268,154 shares of the business services provider’s stock valued at $8,482,000 after buying an additional 219,263 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Down 1.2 %

Interpublic Group of Companies stock opened at $27.17 on Tuesday. The stock has a 50 day moving average of $28.56 and a two-hundred day moving average of $29.97. The Interpublic Group of Companies, Inc. has a twelve month low of $26.30 and a twelve month high of $35.17. The stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 12.81 and a beta of 1.11. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IPG. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $32.00 to $39.00 in a report on Monday, January 27th. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. StockNews.com started coverage on Interpublic Group of Companies in a research report on Wednesday, February 5th. They set a “hold” rating on the stock. Finally, Macquarie reissued 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 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 MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $33.75.

Interpublic Group of Companies Company Profile

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.