State of New Jersey Common Pension Fund D Has $2.67 Million Holdings in Interpublic Group of Companies, Inc. (The) $IPG

State of New Jersey Common Pension Fund D boosted its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,863 shares of the business services provider’s stock after purchasing an additional 4,866 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Interpublic Group of Companies were worth $2,665,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have 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% in the 1st quarter. Canada Pension Plan Investment Board now owns 13,885,384 shares of the business services provider’s stock valued at $377,127,000 after buying an additional 674,938 shares during the period. Charles Schwab Investment Management Inc. grew 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 acquiring an additional 842,925 shares during the last quarter. Goldman Sachs Group Inc. grew 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 acquiring an additional 2,797,490 shares during the last quarter. Deutsche Bank AG grew 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 acquiring an additional 1,206,542 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 acquiring an additional 196,906 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Down 2.9%

IPG stock opened at $26.33 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. The company has a fifty day moving average price of $26.64 and a two-hundred day moving average price of $25.33. Interpublic Group of Companies, Inc. has a one year low of $22.51 and a one year high of $33.05. The stock has a market cap of $9.64 billion, a price-to-earnings ratio of 22.32 and a beta of 1.09.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Zacks Research lowered shares of Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Wall Street Zen raised shares of Interpublic Group of Companies to a “hold” rating in a research note on Saturday, August 16th. UBS Group reduced their price objective on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interpublic Group of Companies in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of 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. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $32.27.

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.