Janney Montgomery Scott LLC Reduces Stock Position in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Janney Montgomery Scott LLC trimmed its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 26.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,397 shares of the business services provider’s stock after selling 8,251 shares during the period. Janney Montgomery Scott LLC’s holdings in Interpublic Group of Companies were worth $656,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IPG. Rosenberg Matthew Hamilton boosted its stake in shares of 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 worth $131,000 after buying an additional 365 shares during the last quarter. Ballentine Partners LLC grew 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 purchasing an additional 399 shares during the period. Empirical Finance LLC increased its position in shares of Interpublic Group of Companies by 1.3% during the 3rd quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider’s stock valued at $1,031,000 after purchasing an additional 409 shares during the last quarter. West Oak Capital LLC lifted its stake in shares of 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 purchasing an additional 435 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Interpublic Group of Companies by 0.4% in the third 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 last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IPG. JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $32.00 to $39.00 in a research report on Monday, January 27th. StockNews.com assumed coverage on Interpublic Group of Companies in a research report on Wednesday. They set a “hold” rating on the stock. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $32.00 to $36.00 in a research report on Friday, January 24th. Finally, Macquarie reissued a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Two 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 stock has a consensus rating of “Hold” and an average price target of $33.75.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $27.48 on Friday. 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 Interpublic Group of Companies, Inc. has a 1-year low of $26.30 and a 1-year high of $35.17. The business has a 50 day simple moving average of $28.63 and a two-hundred day simple moving average of $29.98. The stock has a market capitalization of $10.24 billion, a PE ratio of 12.96 and a beta of 1.11.

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.