Interpublic Group of Companies (NYSE:IPG) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a research note issued to investors on Tuesday morning. The brokerage issued a hold rating on the business services provider’s stock.

Several other research firms also recently issued reports on IPG. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $26.00 to $34.00 in a report on Tuesday, December 10th. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Friday, January 10th. JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $32.00 to $39.00 in a research report on Monday. Macquarie restated a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Finally, Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. Two 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. Based on data from MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus target price of $33.75.

Interpublic Group of Companies Stock Down 1.5 %

IPG opened at $28.86 on Tuesday. The business has a 50 day moving average of $28.80 and a 200-day moving average of $30.05. The stock has a market capitalization of $10.75 billion, a price-to-earnings ratio of 13.61 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. Interpublic Group of Companies has a 1-year low of $26.30 and a 1-year high of $35.17.

Institutional Trading of Interpublic Group of Companies

A number of large investors have recently bought and sold shares of IPG. Kestra Private Wealth Services LLC boosted its stake in shares of Interpublic Group of Companies by 19.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 21,272 shares of the business services provider’s stock valued at $596,000 after purchasing an additional 3,523 shares in the last quarter. Empirical Finance LLC boosted its position in Interpublic Group of Companies by 52.8% in the fourth quarter. Empirical Finance LLC now owns 49,825 shares of the business services provider’s stock valued at $1,396,000 after buying an additional 17,216 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in Interpublic Group of Companies in the fourth quarter valued at about $9,041,000. Vest Financial LLC grew its stake in Interpublic Group of Companies by 31.5% during the fourth quarter. Vest Financial LLC now owns 1,205,662 shares of the business services provider’s stock worth $33,783,000 after buying an additional 289,014 shares during the last quarter. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Interpublic Group of Companies during the fourth quarter worth approximately $282,000. 98.43% of the stock is currently owned by institutional investors.

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.