Kingsview Wealth Management LLC Takes Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Kingsview Wealth Management LLC purchased a new position in The Interpublic Group of Companies, Inc. (NYSE:IPG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 322,664 shares of the business services provider’s stock, valued at approximately $9,041,000. Kingsview Wealth Management LLC owned approximately 0.09% of Interpublic Group of Companies at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in Interpublic Group of Companies by 25,637.0% in the 4th quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider’s stock worth $207,439,000 after acquiring an additional 7,374,491 shares during the last quarter. State Street Corp increased its holdings in shares of Interpublic Group of Companies by 15.1% in the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock worth $943,993,000 after purchasing an additional 3,920,975 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Interpublic Group of Companies by 10.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,402,349 shares of the business services provider’s stock worth $139,246,000 after purchasing an additional 417,741 shares during the last quarter. Vest Financial LLC lifted its holdings in shares of Interpublic Group of Companies by 31.5% during the fourth quarter. Vest Financial LLC now owns 1,205,662 shares of the business services provider’s stock valued at $33,783,000 after purchasing an additional 289,014 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Interpublic Group of Companies by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock valued at $393,064,000 after buying an additional 270,857 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IPG has been the topic of several research analyst reports. 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. JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $32.00 to $39.00 in a research report on Monday, January 27th. StockNews.com initiated coverage on Interpublic Group of Companies in a research note on Wednesday. They issued a “hold” rating on the stock. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Finally, Macquarie restated a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $33.75.

Interpublic Group of Companies Stock Down 0.9 %

Shares of IPG stock opened at $27.48 on Friday. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 12.96 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The company’s fifty day moving average price is $28.63 and its 200-day moving average price is $29.98. The Interpublic Group of Companies, Inc. has a one year low of $26.30 and a one year high of $35.17.

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.