Interpublic Group of Companies, Inc. (The) $IPG Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC increased its stake in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 66.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,153 shares of the business services provider’s stock after purchasing an additional 10,051 shares during the quarter. Penserra Capital Management LLC’s holdings in Interpublic Group of Companies were worth $615,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IPG. Brooklyn Investment Group raised its position in shares of Interpublic Group of Companies by 20.0% during the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock worth $64,000 after buying an additional 391 shares in the last quarter. Private Trust Co. NA raised its holdings in Interpublic Group of Companies by 22.9% during the second quarter. Private Trust Co. NA now owns 2,606 shares of the business services provider’s stock worth $64,000 after purchasing an additional 485 shares in the last quarter. Assetmark Inc. lifted its position in Interpublic Group of Companies by 54.1% in the second quarter. Assetmark Inc. now owns 3,071 shares of the business services provider’s stock worth $75,000 after purchasing an additional 1,078 shares during the period. Private Wealth Asset Management LLC lifted its position in Interpublic Group of Companies by 10.9% in the second quarter. Private Wealth Asset Management LLC now owns 4,060 shares of the business services provider’s stock worth $99,000 after purchasing an additional 400 shares during the period. Finally, Ancora Advisors LLC bought a new position in Interpublic Group of Companies during the 1st quarter valued at $102,000. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 1.5%

NYSE:IPG opened at $25.35 on Wednesday. The stock has a fifty day simple moving average of $26.35 and a 200 day simple moving average of $25.41. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 21.48 and a beta of 1.12. Interpublic Group of Companies, Inc. has a 1-year low of $22.51 and a 1-year 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.

Analysts Set New Price Targets

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

About Interpublic Group of Companies

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.