Empirical Finance LLC Purchases 17,216 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Empirical Finance LLC raised its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 52.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 49,825 shares of the business services provider’s stock after buying an additional 17,216 shares during the quarter. Empirical Finance LLC’s holdings in Interpublic Group of Companies were worth $1,396,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its position in Interpublic Group of Companies by 9.7% during the third quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock worth $131,000 after purchasing an additional 365 shares during the period. Ballentine Partners LLC lifted its stake in shares of Interpublic Group of Companies by 2.9% during the 3rd quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock valued at $445,000 after buying an additional 399 shares in the last quarter. West Oak Capital LLC boosted its holdings in Interpublic Group of Companies by 0.8% in the 4th quarter. West Oak Capital LLC now owns 55,595 shares of the business services provider’s stock worth $1,558,000 after buying an additional 435 shares during the period. Vontobel Holding Ltd. boosted its holdings in Interpublic Group of Companies by 0.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 122,533 shares of the business services provider’s stock worth $3,876,000 after buying an additional 457 shares during the period. Finally, First Citizens Bank & Trust Co. grew its stake in Interpublic Group of Companies by 2.9% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 16,633 shares of the business services provider’s stock valued at $526,000 after buying an additional 465 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $32.00 to $39.00 in a research note on Monday, January 27th. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Friday, January 10th. Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $32.00 to $36.00 in a research report on Friday, January 24th. Finally, StockNews.com assumed coverage on Interpublic Group of Companies in a research report on Wednesday, February 5th. They issued a “hold” rating on the stock. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.75.

Interpublic Group of Companies Stock Performance

Shares of IPG opened at $27.48 on Monday. The Interpublic Group of Companies, Inc. has a 52 week low of $26.30 and a 52 week high of $35.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The stock has a market cap of $10.24 billion, a P/E ratio of 12.96 and a beta of 1.11. The business’s 50 day moving average price is $28.56 and its 200-day moving average price is $29.96.

Interpublic Group of Companies Company 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.