The Interpublic Group of Companies, Inc. (NYSE:IPG) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 25,637.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,403,256 shares of the business services provider’s stock after acquiring an additional 7,374,491 shares during the quarter. Pacer Advisors Inc. owned approximately 1.99% of Interpublic Group of Companies worth $207,439,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Rosenberg Matthew Hamilton boosted its holdings in Interpublic Group of Companies by 9.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 365 shares during the last quarter. Ballentine Partners LLC raised its position 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 during the period. EverSource Wealth Advisors LLC raised its position in shares of Interpublic Group of Companies by 52.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after buying an additional 405 shares during the period. Empirical Finance LLC lifted its holdings in Interpublic Group of Companies by 1.3% in the third quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider’s stock valued at $1,031,000 after acquiring an additional 409 shares during the last quarter. Finally, West Oak Capital LLC grew its position in Interpublic Group of Companies by 0.8% in the fourth quarter. West Oak Capital LLC now owns 55,595 shares of the business services provider’s stock worth $1,558,000 after acquiring an additional 435 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays upgraded Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $32.00 to $36.00 in a research report on Friday. JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. StockNews.com assumed coverage on shares of Interpublic Group of Companies in a research note on Monday, January 20th. They set a “hold” rating for the company. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Friday, January 10th. Finally, Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $26.00 to $34.00 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.00.

Interpublic Group of Companies Trading Up 1.0 %

NYSE IPG opened at $28.55 on Monday. The Interpublic Group of Companies, Inc. has a one year low of $26.30 and a one year high of $35.17. The firm has a 50 day simple moving average of $28.76 and a 200-day simple moving average of $30.04. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 13.47 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09.

About Interpublic Group of Companies

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.