Linden Thomas Advisory Services LLC Takes Position in Interpublic Group of Companies, Inc. (The) $IPG

Linden Thomas Advisory Services LLC bought a new position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,830 shares of the business services provider’s stock, valued at approximately $241,000.

Several other hedge funds have also added to or reduced their stakes in the business. Canada Pension Plan Investment Board boosted its position in Interpublic Group of Companies by 5.1% during 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 buying an additional 674,938 shares during the period. Charles Schwab Investment Management Inc. boosted its position in 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 buying an additional 842,925 shares during the period. Goldman Sachs Group Inc. boosted its position in Interpublic Group of Companies by 49.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider’s stock worth $231,138,000 after buying an additional 2,797,490 shares during the period. Deutsche Bank AG boosted its position in Interpublic Group of Companies by 32.0% during the 1st quarter. Deutsche Bank AG now owns 4,972,412 shares of the business services provider’s stock worth $135,051,000 after buying an additional 1,206,542 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Interpublic Group of Companies by 4.2% during the 1st 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 worth $132,191,000 after buying an additional 196,906 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on IPG. Weiss Ratings reiterated a “hold (c)” rating on shares of Interpublic Group of Companies in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Barclays raised their price target on shares of Interpublic Group of Companies from $27.50 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. lowered their price target on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Finally, UBS Group lowered 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 report on Wednesday, July 23rd. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.27.

Interpublic Group of Companies Stock Performance

NYSE:IPG opened at $27.13 on Tuesday. The company has a fifty day moving average of $26.65 and a 200-day moving average of $25.32. The firm has a market capitalization of $9.94 billion, a P/E ratio of 22.99 and a beta of 1.09. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78. Interpublic Group of Companies, Inc. has a twelve month low of $22.51 and a twelve month high of $33.05.

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.