Banque Cantonale Vaudoise Acquires 1,307 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Banque Cantonale Vaudoise boosted its holdings in shares of The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report) by 5.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,913 shares of the business services provider’s stock after purchasing an additional 1,307 shares during the period. Banque Cantonale Vaudoise’s holdings in Interpublic Group of Companies were worth $685,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its position in shares of Interpublic Group of Companies by 22.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,734 shares of the business services provider’s stock worth $56,000 after buying an additional 315 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Interpublic Group of Companies by 2.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,732 shares of the business services provider’s stock worth $391,000 after acquiring an additional 320 shares in the last quarter. Clear Street Markets LLC raised its holdings in Interpublic Group of Companies by 94.9% during the first quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock worth $28,000 after acquiring an additional 372 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Interpublic Group of Companies by 1.2% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,512 shares of the business services provider’s stock worth $1,216,000 after acquiring an additional 383 shares in the last quarter. Finally, Keybank National Association OH raised its holdings in Interpublic Group of Companies by 3.3% during the third quarter. Keybank National Association OH now owns 12,000 shares of the business services provider’s stock worth $344,000 after acquiring an additional 387 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IPG. UBS Group began coverage on Interpublic Group of Companies in a report on Thursday, January 11th. They set a “neutral” rating and a $36.00 target price on the stock. Wells Fargo & Company dropped their target price on Interpublic Group of Companies from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Monday, October 23rd. StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Barclays upped their price objective on Interpublic Group of Companies from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, Macquarie dropped their price objective on Interpublic Group of Companies from $36.00 to $30.00 in a research note on Tuesday, October 10th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.00.

Check Out Our Latest Analysis on IPG

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $33.00 on Wednesday. The firm has a market cap of $12.64 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.79 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.78. The Interpublic Group of Companies, Inc. has a 1-year low of $27.20 and a 1-year high of $40.95. The business’s 50 day moving average is $32.31 and its 200-day moving average is $31.24.

About Interpublic Group of Companies

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding IPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Interpublic Group of Companies, Inc. (NYSE:IPGFree Report).

Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.