SG Americas Securities LLC Sells 685,398 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

SG Americas Securities LLC trimmed its stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 97.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,305 shares of the business services provider’s stock after selling 685,398 shares during the period. SG Americas Securities LLC’s holdings in Interpublic Group of Companies were worth $569,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of Interpublic Group of Companies in the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new position in Interpublic Group of Companies in the third quarter worth $32,000. Brooklyn Investment Group bought a new stake in shares of Interpublic Group of Companies during the third quarter worth $60,000. Trust Co. of Vermont increased its stake in shares of Interpublic Group of Companies by 250.0% in 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 holdings in shares of Interpublic Group of Companies by 31.8% in 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 last quarter. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on IPG. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $26.00 to $34.00 in a report on Tuesday, December 10th. Macquarie reissued a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. StockNews.com began coverage on shares of Interpublic Group of Companies in a research report on Tuesday. They issued a “hold” rating for the company. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $32.00 to $39.00 in a report on Monday, January 27th. Finally, Barclays raised 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $33.75.

Interpublic Group of Companies Trading Down 0.1 %

NYSE IPG opened at $28.68 on Friday. 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 Interpublic Group of Companies, Inc. has a 12 month low of $26.30 and a 12 month high of $35.17. The company has a market capitalization of $10.68 billion, a PE ratio of 13.53 and a beta of 1.11. The stock has a 50-day simple moving average of $28.82 and a 200 day simple moving average of $30.03.

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.