Interpublic Group of Companies, Inc. (The) $IPG Stake Lifted by Twin Capital Management Inc.

Twin Capital Management Inc. lifted its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 11.9% during the second quarter, Holdings Channel.com reports. The fund owned 45,977 shares of the business services provider’s stock after purchasing an additional 4,895 shares during the period. Twin Capital Management Inc.’s holdings in Interpublic Group of Companies were worth $1,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its stake in shares of Interpublic Group of Companies by 5.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 13,885,384 shares of the business services provider’s stock worth $377,127,000 after purchasing an additional 674,938 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Interpublic Group of Companies by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,781,455 shares of the business services provider’s stock worth $374,304,000 after acquiring an additional 842,925 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Interpublic Group of Companies by 49.0% during the first quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider’s stock worth $231,138,000 after purchasing an additional 2,797,490 shares during the period. Deutsche Bank AG raised its position in shares of Interpublic Group of Companies by 32.0% during the first quarter. Deutsche Bank AG now owns 4,972,412 shares of the business services provider’s stock worth $135,051,000 after purchasing an additional 1,206,542 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Interpublic Group of Companies by 4.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,867,134 shares of the business services provider’s stock valued at $132,191,000 after purchasing an additional 196,906 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IPG. Weiss Ratings reissued a “hold (c)” rating on shares of Interpublic Group of Companies in a research note on Wednesday, October 8th. UBS Group reduced their price target on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Barclays lifted their price objective on shares of Interpublic Group of Companies from $27.50 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Zacks Research lowered Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Wall Street Zen raised Interpublic Group of Companies to a “hold” rating in a research report on Saturday, August 16th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.27.

Interpublic Group of Companies Trading Down 0.7%

Shares of NYSE:IPG opened at $25.03 on Friday. Interpublic Group of Companies, Inc. has a 12-month low of $22.51 and a 12-month high of $33.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $9.17 billion, a P/E ratio of 21.21 and a beta of 1.12. The firm has a fifty day moving average of $26.44 and a two-hundred day moving average of $25.38.

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.