Banque Cantonale Vaudoise Buys 1,307 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Banque Cantonale Vaudoise raised its stake in The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,913 shares of the business services provider’s stock after buying an additional 1,307 shares during the period. Banque Cantonale Vaudoise’s holdings in Interpublic Group of Companies were worth $685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Compass Wealth Management LLC bought a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at about $25,000. Clear Street Markets LLC raised its holdings in shares of Interpublic Group of Companies by 94.9% in the 1st 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 in the last quarter. Authentikos Wealth Advisory LLC bought a new stake in shares of Interpublic Group of Companies in the 3rd quarter valued at about $33,000. Resurgent Financial Advisors LLC bought a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at about $34,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of 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 valued at $40,000 after purchasing an additional 401 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. StockNews.com upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. UBS Group assumed coverage on shares of Interpublic Group of Companies in a research note on Thursday, January 11th. They set a “neutral” rating and a $36.00 price objective for the company. Citigroup reduced 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 note on Monday, October 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of Interpublic Group of Companies from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Monday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.00.

Read Our Latest Research Report on Interpublic Group of Companies

Interpublic Group of Companies Stock Up 0.3 %

IPG stock opened at $33.00 on Wednesday. The firm has a market cap of $12.64 billion, a PE ratio of 13.75, a P/E/G ratio of 1.79 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 firm’s fifty day moving average is $32.31 and its 200 day moving average is $31.24. The Interpublic Group of Companies, Inc. has a one year low of $27.20 and a one year high of $40.95.

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

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