Impact Partnership Wealth LLC Reduces Stock Position in Interpublic Group of Companies, Inc. (The) $IPG

Impact Partnership Wealth LLC cut its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 14.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,517 shares of the business services provider’s stock after selling 1,848 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Interpublic Group of Companies were worth $257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Canada Pension Plan Investment Board increased its holdings in Interpublic Group of Companies by 5.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 13,885,384 shares of the business services provider’s stock worth $377,127,000 after purchasing an additional 674,938 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Interpublic Group of Companies by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,781,455 shares of the business services provider’s stock worth $374,304,000 after purchasing an additional 842,925 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Interpublic Group of Companies by 49.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider’s stock worth $231,138,000 after purchasing an additional 2,797,490 shares during the last quarter. Deutsche Bank AG increased its holdings in Interpublic Group of Companies by 32.0% during the 1st quarter. Deutsche Bank AG now owns 4,972,412 shares of the business services provider’s stock worth $135,051,000 after purchasing an additional 1,206,542 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Interpublic Group of Companies by 4.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,867,134 shares of the business services provider’s stock worth $132,191,000 after purchasing an additional 196,906 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. UBS Group lowered their price target on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Zacks Research downgraded Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Interpublic Group of Companies in a research report on Wednesday, October 8th. Finally, Barclays raised their price target on shares of Interpublic Group of Companies from $27.50 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Interpublic Group of Companies currently has an average rating of “Hold” and an average target price of $32.27.

Interpublic Group of Companies Price Performance

Shares of IPG opened at $25.70 on Friday. The company has a market cap of $9.41 billion, a P/E ratio of 21.78 and a beta of 1.09. The stock has a fifty day moving average price of $26.61 and a 200 day moving average price of $25.34. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05.

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.