State Board of Administration of Florida Retirement System Buys 17,174 Shares of Interpublic Group of Companies Inc (IPG)

State Board of Administration of Florida Retirement System raised its stake in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 3.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 503,246 shares of the business services provider’s stock after acquiring an additional 17,174 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Interpublic Group of Companies were worth $10,382,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Interpublic Group of Companies by 85.2% during the 4th quarter. CWM LLC now owns 1,880 shares of the business services provider’s stock valued at $39,000 after buying an additional 865 shares during the last quarter. Trust Co. of Vermont raised its stake in shares of Interpublic Group of Companies by 33.8% during the 4th quarter. Trust Co. of Vermont now owns 3,829 shares of the business services provider’s stock valued at $79,000 after buying an additional 968 shares during the last quarter. CENTRAL TRUST Co raised its stake in shares of Interpublic Group of Companies by 1,555.2% during the 4th quarter. CENTRAL TRUST Co now owns 5,545 shares of the business services provider’s stock valued at $114,000 after buying an additional 5,210 shares during the last quarter. NuWave Investment Management LLC raised its stake in shares of Interpublic Group of Companies by 117.3% during the 3rd quarter. NuWave Investment Management LLC now owns 5,654 shares of the business services provider’s stock valued at $129,000 after buying an additional 3,052 shares during the last quarter. Finally, Lourd Capital LLC purchased a new position in shares of Interpublic Group of Companies during the 3rd quarter valued at about $203,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Shares of Interpublic Group of Companies stock opened at $21.81 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.50. Interpublic Group of Companies Inc has a twelve month low of $19.61 and a twelve month high of $26.01. The stock has a market capitalization of $8.50 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10.

IPG has been the subject of several recent analyst reports. Zacks Investment Research lowered Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Pivotal Research upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and lifted their price target for the company from $22.00 to $25.00 in a research note on Monday, January 7th. Royal Bank of Canada lowered Interpublic Group of Companies from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $28.00 to $24.00 in a research note on Thursday, January 17th. Citigroup lifted their price target on Interpublic Group of Companies from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 19th. Finally, BMO Capital Markets lifted their price target on Interpublic Group of Companies from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.44.

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Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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