Interpublic Group of Companies, Inc. (The) $IPG Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 15.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 49,095 shares of the business services provider’s stock after selling 8,876 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Interpublic Group of Companies were worth $1,202,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group grew its holdings in Interpublic Group of Companies by 20.0% in the first quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 391 shares during the period. Private Trust Co. NA lifted its position in shares of Interpublic Group of Companies by 22.9% during the 2nd quarter. Private Trust Co. NA now owns 2,606 shares of the business services provider’s stock valued at $64,000 after buying an additional 485 shares in the last quarter. Ancora Advisors LLC acquired a new stake in Interpublic Group of Companies in the 1st quarter valued at $102,000. Private Wealth Asset Management LLC increased its holdings in Interpublic Group of Companies by 10.9% in the 2nd quarter. Private Wealth Asset Management LLC now owns 4,060 shares of the business services provider’s stock worth $99,000 after acquiring an additional 400 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its position in Interpublic Group of Companies by 18.7% during the first quarter. Richardson Financial Services Inc. now owns 4,136 shares of the business services provider’s stock worth $112,000 after acquiring an additional 651 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Down 0.2%

Shares of Interpublic Group of Companies stock opened at $25.65 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50 day simple moving average is $26.58 and its 200-day simple moving average is $25.35. The stock has a market cap of $9.40 billion, a P/E ratio of 21.74 and a beta of 1.09. Interpublic Group of Companies, Inc. has a 1-year low of $22.51 and a 1-year high of $33.05.

Analyst Ratings Changes

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

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.