Capital Advisors Inc. OK Sells 9,536 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Capital Advisors Inc. OK lowered its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 640,415 shares of the business services provider’s stock after selling 9,536 shares during the period. Capital Advisors Inc. OK’s holdings in Interpublic Group of Companies were worth $17,944,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in IPG. Catalyst Capital Advisors LLC acquired a new position in shares of Interpublic Group of Companies during the third quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Interpublic Group of Companies during the third quarter worth approximately $32,000. Brooklyn Investment Group acquired a new position in shares of Interpublic Group of Companies during the third quarter worth approximately $60,000. Trust Co. of Vermont raised its stake in shares of Interpublic Group of Companies by 250.0% in the third quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in shares of Interpublic Group of Companies by 31.8% in the third quarter. Raleigh Capital Management Inc. now owns 2,356 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 568 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on IPG shares. Macquarie restated a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Barclays upgraded Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $36.00 in a research note on Friday, January 24th. BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $39.00 in a research note on Monday, January 27th. Finally, StockNews.com initiated coverage on Interpublic Group of Companies in a research note on Wednesday, February 5th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $33.75.

Interpublic Group of Companies Price Performance

Interpublic Group of Companies stock opened at $27.14 on Wednesday. The business’s 50-day simple moving average is $28.50 and its 200 day simple moving average is $29.94. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 12.80 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a 12-month low of $26.30 and a 12-month high of $35.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

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.