Caitlin John LLC Has $287,000 Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Caitlin John LLC trimmed its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 13.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,243 shares of the business services provider’s stock after selling 1,620 shares during the period. Caitlin John LLC’s holdings in Interpublic Group of Companies were worth $287,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Interpublic Group of Companies in the 3rd quarter valued at approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Interpublic Group of Companies in the third quarter valued at $32,000. Brooklyn Investment Group acquired a new stake in shares of Interpublic Group of Companies in the third quarter worth $60,000. Trust Co. of Vermont grew its holdings in shares of Interpublic Group of Companies by 250.0% during the third quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock valued at $66,000 after buying an additional 1,500 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its position in Interpublic Group of Companies by 31.8% during the third quarter. Raleigh Capital Management Inc. now owns 2,356 shares of the business services provider’s stock valued at $75,000 after buying an additional 568 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies Stock Performance

Shares of IPG opened at $28.00 on Thursday. 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 Interpublic Group of Companies, Inc. has a 12 month low of $26.30 and a 12 month high of $35.17. The company’s fifty day moving average is $28.73 and its 200-day moving average is $30.01. The firm has a market cap of $10.44 billion, a price-to-earnings ratio of 13.21 and a beta of 1.11.

Wall Street Analyst Weigh In

A number of equities 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 price objective for the stock from $32.00 to $39.00 in a research report on Monday, January 27th. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $26.00 to $34.00 in a report 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 price objective on the stock in a research note on Friday, January 10th. Barclays raised shares of 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 note on Friday, January 24th. Finally, Macquarie reaffirmed a “neutral” rating and issued 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 given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.75.

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.