Foster & Motley Inc. Grows Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Foster & Motley Inc. raised its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,814 shares of the business services provider’s stock after acquiring an additional 1,674 shares during the quarter. Foster & Motley Inc.’s holdings in Interpublic Group of Companies were worth $891,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. State Street Corp increased its position in shares of Interpublic Group of Companies by 15.1% in the third quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after acquiring an additional 3,920,975 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Interpublic Group of Companies by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock valued at $393,064,000 after acquiring an additional 270,857 shares during the period. Geode Capital Management LLC increased its position in shares of Interpublic Group of Companies by 0.9% in the third quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock valued at $298,107,000 after acquiring an additional 81,265 shares during the period. Pacer Advisors Inc. increased its position in shares of Interpublic Group of Companies by 25,637.0% in the fourth quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider’s stock valued at $207,439,000 after acquiring an additional 7,374,491 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Interpublic Group of Companies by 10.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,402,349 shares of the business services provider’s stock valued at $139,246,000 after acquiring an additional 417,741 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

IPG has been the topic of several research analyst reports. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Friday, January 10th. Macquarie reiterated a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research report 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 company from $32.00 to $36.00 in a research report on Friday, January 24th. Finally, StockNews.com initiated coverage on shares of Interpublic Group of Companies in a research report on Tuesday. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus price target of $33.75.

Interpublic Group of Companies Price Performance

Shares of IPG opened at $28.72 on Friday. The stock has a market cap of $10.70 billion, a PE ratio of 13.54 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The Interpublic Group of Companies, Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $35.17. The firm’s 50-day simple moving average is $28.83 and its two-hundred day simple moving average is $30.04.

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.