Oak Thistle LLC Reduces Stock Holdings in Interpublic Group of Companies, Inc. (The) $IPG

Oak Thistle LLC lowered its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 37.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 43,546 shares of the business services provider’s stock after selling 26,485 shares during the quarter. Oak Thistle LLC’s holdings in Interpublic Group of Companies were worth $1,215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. CYBER HORNET ETFs LLC bought a new stake in Interpublic Group of Companies in the second quarter worth $25,000. Parkside Financial Bank & Trust raised its stake in shares of Interpublic Group of Companies by 72.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 585 shares during the period. Brooklyn Investment Group lifted its holdings in shares of Interpublic Group of Companies by 20.0% in the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock worth $64,000 after acquiring an additional 391 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Interpublic Group of Companies by 22.9% during the 2nd quarter. Private Trust Co. NA now owns 2,606 shares of the business services provider’s stock worth $64,000 after purchasing an additional 485 shares during the period. Finally, Employees Retirement System of Texas bought a new position in Interpublic Group of Companies during the 2nd quarter valued at about $75,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Down 1.7%

Shares of NYSE:IPG opened at $24.63 on Friday. Interpublic Group of Companies, Inc. has a 52-week low of $22.51 and a 52-week high of $33.05. The stock has a market cap of $8.95 billion, a P/E ratio of 20.87 and a beta of 1.12. The business’s 50 day moving average is $25.43 and its 200 day moving average is $25.39. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays dropped their target price on Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating for the company in a research report on Wednesday, November 12th. Zacks Research cut Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Interpublic Group of Companies in a research note on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $31.82.

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.