Polaris Capital Management LLC Acquires 2,100 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Polaris Capital Management LLC raised its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,105,800 shares of the business services provider’s stock after acquiring an additional 2,100 shares during the quarter. Polaris Capital Management LLC owned about 0.30% of Interpublic Group of Companies worth $30,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. State Street Corp raised its position in shares of Interpublic Group of Companies by 15.1% in the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after acquiring an additional 3,920,975 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Interpublic Group of Companies by 240.9% during the third quarter. Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider’s stock worth $913,000 after purchasing an additional 20,395 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Interpublic Group of Companies by 2,679.9% in the 3rd quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider’s stock valued at $965,000 after buying an additional 29,425 shares in the last quarter. ING Groep NV acquired a new stake in Interpublic Group of Companies during the 3rd quarter worth $1,589,000. Finally, Bridgewater Associates LP grew its stake in Interpublic Group of Companies by 956.5% in the third quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider’s stock valued at $3,313,000 after acquiring an additional 94,821 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, January 10th. Barclays raised shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. StockNews.com started coverage on Interpublic Group of Companies in a research report on Wednesday, February 5th. They set a “hold” rating for the company. Finally, Macquarie reaffirmed a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.75.

Interpublic Group of Companies Trading Down 1.2 %

Shares of Interpublic Group of Companies stock opened at $27.17 on Tuesday. The firm has a 50-day moving average of $28.56 and a 200-day moving average of $29.97. The Interpublic Group of Companies, Inc. has a 52-week low of $26.30 and a 52-week high of $35.17. The stock has a market cap of $10.12 billion, a PE ratio of 12.81 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09.

Interpublic Group of Companies 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.