Bank of The West cut its holdings in Interpublic Group of Companies Inc (NYSE:IPG) by 35.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,334 shares of the business services provider’s stock after selling 18,906 shares during the period. Bank of The West’s holdings in Interpublic Group of Companies were worth $693,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IPG. Thrivent Financial For Lutherans increased its holdings in Interpublic Group of Companies by 2.6% during the second quarter. Thrivent Financial For Lutherans now owns 14,867 shares of the business services provider’s stock worth $366,000 after buying an additional 380 shares during the last quarter. Advisor Group Inc. increased its holdings in Interpublic Group of Companies by 54.3% during the second quarter. Advisor Group Inc. now owns 10,790 shares of the business services provider’s stock worth $250,000 after buying an additional 3,798 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Interpublic Group of Companies by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,361,373 shares of the business services provider’s stock worth $58,092,000 after buying an additional 479,278 shares during the last quarter. Stifel Financial Corp increased its holdings in Interpublic Group of Companies by 0.3% during the second quarter. Stifel Financial Corp now owns 108,288 shares of the business services provider’s stock worth $2,661,000 after buying an additional 351 shares during the last quarter. Finally, QS Investors LLC increased its holdings in Interpublic Group of Companies by 54.5% during the second quarter. QS Investors LLC now owns 11,622 shares of the business services provider’s stock worth $286,000 after buying an additional 4,100 shares during the last quarter. Institutional investors and hedge funds own 98.42% of the company’s stock.

Interpublic Group of Companies Inc (IPG) opened at $21.34 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63. Interpublic Group of Companies Inc has a 52-week low of $18.30 and a 52-week high of $25.71. The company has a market cap of $8,153.01, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 2.16 and a beta of 1.45.

A number of equities analysts recently weighed in on the stock. Bank of America downgraded shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. ValuEngine downgraded shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Morgan Stanley boosted their target price on shares of Interpublic Group of Companies to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Pivotal Research restated a “buy” rating and set a $26.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Interpublic Group of Companies presently has an average rating of “Hold” and an average target price of $25.71.

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Interpublic Group of Companies Profile

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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

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