E. Ohman J or Asset Management AB Grows Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

E. Ohman J or Asset Management AB grew its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 45.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,500 shares of the business services provider’s stock after purchasing an additional 5,500 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Interpublic Group of Companies were worth $490,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IPG. Sanctuary Advisors LLC purchased a new stake in shares of Interpublic Group of Companies during the second quarter valued at approximately $1,462,000. AMF Tjanstepension AB boosted its stake in shares of Interpublic Group of Companies by 70.3% during the third quarter. AMF Tjanstepension AB now owns 253,172 shares of the business services provider’s stock valued at $8,008,000 after purchasing an additional 104,514 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Interpublic Group of Companies by 19.9% during the third quarter. Handelsbanken Fonder AB now owns 93,200 shares of the business services provider’s stock valued at $2,948,000 after purchasing an additional 15,500 shares during the period. Czech National Bank raised its holdings in shares of Interpublic Group of Companies by 6.4% during the third quarter. Czech National Bank now owns 76,511 shares of the business services provider’s stock valued at $2,420,000 after acquiring an additional 4,589 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Interpublic Group of Companies by 31.3% during the third quarter. GAMMA Investing LLC now owns 3,713 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 886 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

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

Interpublic Group of Companies Price Performance

IPG opened at $28.00 on Thursday. The stock has a fifty day simple moving average of $28.73 and a two-hundred day simple moving average of $30.01. 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 company has a market cap of $10.44 billion, a price-to-earnings ratio of 13.21 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a 12-month low of $26.30 and a 12-month high of $35.17.

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.