Capital Advisors Inc. OK Cuts Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Capital Advisors Inc. OK lessened its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 640,415 shares of the business services provider’s stock after selling 9,536 shares during the quarter. Capital Advisors Inc. OK owned 0.17% of Interpublic Group of Companies worth $17,944,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton grew its position in shares of Interpublic Group of Companies by 9.7% during the third quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock worth $131,000 after buying an additional 365 shares in the last quarter. Ballentine Partners LLC lifted its stake in Interpublic Group of Companies by 2.9% during the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock worth $445,000 after purchasing an additional 399 shares during the last quarter. Empirical Finance LLC lifted its stake in Interpublic Group of Companies by 1.3% during the third quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider’s stock worth $1,031,000 after purchasing an additional 409 shares during the last quarter. West Oak Capital LLC lifted its stake in Interpublic Group of Companies by 0.8% during the fourth quarter. West Oak Capital LLC now owns 55,595 shares of the business services provider’s stock worth $1,558,000 after purchasing an additional 435 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in Interpublic Group of Companies by 0.4% in the third quarter. Vontobel Holding Ltd. now owns 122,533 shares of the business services provider’s stock valued at $3,876,000 after buying an additional 457 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

IPG has been the topic of a number of recent research reports. StockNews.com initiated coverage on Interpublic Group of Companies in a research note on Wednesday, February 5th. They issued a “hold” rating on the stock. Macquarie restated a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Barclays upgraded 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. JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $32.00 to $39.00 in a report on Monday, January 27th. Finally, Wells Fargo & Company upgraded 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. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $33.75.

Interpublic Group of Companies Trading Down 0.1 %

Shares of NYSE IPG opened at $27.14 on Wednesday. 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 business has a 50 day simple moving average of $28.50 and a 200 day simple moving average of $29.94. The Interpublic Group of Companies, Inc. has a 52 week low of $26.30 and a 52 week high of $35.17. 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.