Boston Trust Walden Corp Sells 228,717 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Boston Trust Walden Corp decreased its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 19.4% during the fourth quarter, Holdings Channel reports. The firm owned 947,360 shares of the business services provider’s stock after selling 228,717 shares during the quarter. Boston Trust Walden Corp’s holdings in Interpublic Group of Companies were worth $26,545,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CENTRAL TRUST Co lifted its holdings in shares of Interpublic Group of Companies by 10.6% during the 4th quarter. CENTRAL TRUST Co now owns 7,037 shares of the business services provider’s stock valued at $197,000 after buying an additional 675 shares during the period. Western Pacific Wealth Management LP lifted its holdings in Interpublic Group of Companies by 54.1% in the fourth quarter. Western Pacific Wealth Management LP now owns 9,736 shares of the business services provider’s stock valued at $273,000 after acquiring an additional 3,420 shares during the period. Symphony Financial Ltd. Co. boosted its position in Interpublic Group of Companies by 11.3% in the fourth quarter. Symphony Financial Ltd. Co. now owns 18,115 shares of the business services provider’s stock worth $507,000 after purchasing an additional 1,836 shares during the last quarter. Caprock Group LLC bought a new stake in shares of Interpublic Group of Companies during the 4th quarter valued at about $775,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Interpublic Group of Companies during the 4th quarter valued at about $203,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Up 1.1 %

NYSE IPG opened at $29.00 on Tuesday. The Interpublic Group of Companies, Inc. has a 12 month low of $26.30 and a 12 month high of $35.17. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The stock has a market cap of $10.80 billion, a PE ratio of 13.68 and a beta of 1.11. The stock’s 50 day moving average is $28.80 and its 200 day moving average is $30.02.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IPG. Barclays raised shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $32.00 to $36.00 in a report on Friday, January 24th. StockNews.com assumed coverage on Interpublic Group of Companies in a research note on Tuesday, January 28th. They issued a “hold” rating for the company. Macquarie reiterated a “neutral” rating and set a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $32.00 to $39.00 in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.75.

Interpublic Group of Companies 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.