Retirement Systems of Alabama Sells 1,132 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Retirement Systems of Alabama lowered its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,654 shares of the business services provider’s stock after selling 1,132 shares during the quarter. Retirement Systems of Alabama’s holdings in Interpublic Group of Companies were worth $2,260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of IPG. AMF Tjanstepension AB boosted its position in Interpublic Group of Companies by 70.3% in the third quarter. AMF Tjanstepension AB now owns 253,172 shares of the business services provider’s stock worth $8,008,000 after purchasing an additional 104,514 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of Interpublic Group of Companies by 7.0% during the 3rd quarter. Ritholtz Wealth Management now owns 21,557 shares of the business services provider’s stock valued at $682,000 after buying an additional 1,416 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Interpublic Group of Companies by 38.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 44,540 shares of the business services provider’s stock valued at $1,409,000 after buying an additional 12,386 shares during the last quarter. Swedbank AB lifted its position in shares of Interpublic Group of Companies by 2.1% during the 3rd quarter. Swedbank AB now owns 613,367 shares of the business services provider’s stock valued at $19,401,000 after buying an additional 12,431 shares during the last quarter. Finally, Proquility Private Wealth Partners LLC lifted its position in shares of Interpublic Group of Companies by 7.6% during the 3rd quarter. Proquility Private Wealth Partners LLC now owns 58,097 shares of the business services provider’s stock valued at $1,838,000 after buying an additional 4,121 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of Interpublic Group of Companies stock opened at $27.14 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $10.11 billion, a PE ratio of 12.80 and a beta of 1.11. The business’s 50-day moving average price is $28.50 and its 200-day moving average price is $29.94. The Interpublic Group of Companies, Inc. has a 12 month low of $26.30 and a 12 month high of $35.17.

Wall Street Analyst Weigh In

IPG has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and upped their price target for the company from $32.00 to $39.00 in a research report on Monday, January 27th. Macquarie reaffirmed a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. BNP Paribas raised 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 report on Friday, January 10th. Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $32.00 to $36.00 in a research report on Friday, January 24th. Finally, StockNews.com initiated coverage on Interpublic Group of Companies in a research note on Wednesday, February 5th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $33.75.

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.