Foster & Motley Inc. Purchases 1,674 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Foster & Motley Inc. lifted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,814 shares of the business services provider’s stock after buying an additional 1,674 shares during the period. Foster & Motley Inc.’s holdings in Interpublic Group of Companies were worth $891,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IPG. Catalyst Capital Advisors LLC bought a new position in Interpublic Group of Companies during the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC bought a new position in Interpublic Group of Companies during the third quarter valued at approximately $32,000. Brooklyn Investment Group bought a new position in Interpublic Group of Companies during the third quarter valued at approximately $60,000. Trust Co. of Vermont lifted its position in 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 purchasing an additional 1,500 shares during the period. Finally, Raleigh Capital Management Inc. lifted 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 purchasing an additional 568 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Stock Performance

Shares of NYSE IPG opened at $28.72 on Friday. The firm has a fifty day moving average price of $28.83 and a 200-day moving average price of $30.04. 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 stock has a market cap of $10.70 billion, a PE ratio of 13.54 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a 1 year low of $26.30 and a 1 year high of $35.17.

Analyst Ratings Changes

IPG has been the topic of a number of research analyst reports. Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $32.00 to $36.00 in a research report on Friday, January 24th. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. StockNews.com began coverage on shares of Interpublic Group of Companies in a research report on Tuesday. They issued a “hold” rating on the stock. 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. Finally, BNP Paribas upgraded shares of 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Interpublic Group of Companies presently has an average rating of “Hold” and a consensus price target of $33.75.

Interpublic Group of Companies 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.