Arrowstreet Capital Limited Partnership Sells 30,192 Shares of Interpublic Group of Companies, Inc. (The) $IPG

Arrowstreet Capital Limited Partnership lessened its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,090,937 shares of the business services provider’s stock after selling 30,192 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Interpublic Group of Companies were worth $51,186,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group lifted its position in shares of Interpublic Group of Companies by 20.0% during the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock worth $64,000 after buying an additional 391 shares during the last quarter. Private Wealth Asset Management LLC raised its stake in Interpublic Group of Companies by 10.9% during the second quarter. Private Wealth Asset Management LLC now owns 4,060 shares of the business services provider’s stock worth $99,000 after acquiring an additional 400 shares in the last quarter. My Legacy Advisors LLC lifted its holdings in shares of Interpublic Group of Companies by 2.5% in the second quarter. My Legacy Advisors LLC now owns 17,393 shares of the business services provider’s stock worth $435,000 after acquiring an additional 431 shares during the last quarter. Lynx Investment Advisory boosted its stake in shares of Interpublic Group of Companies by 4.1% in the 2nd quarter. Lynx Investment Advisory now owns 11,429 shares of the business services provider’s stock valued at $280,000 after purchasing an additional 452 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in shares of Interpublic Group of Companies by 0.9% during the 2nd quarter. Yousif Capital Management LLC now owns 51,519 shares of the business services provider’s stock valued at $1,261,000 after purchasing an additional 471 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Interpublic Group of Companies to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Interpublic Group of Companies in a report on Monday, November 24th. Barclays dropped their price target on Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Finally, Zacks Research downgraded Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Interpublic Group of Companies has an average rating of “Hold” and a consensus target price of $32.18.

Interpublic Group of Companies Stock Down 1.7%

Shares of IPG opened at $24.63 on Friday. The stock’s 50-day moving average price is $25.87 and its two-hundred day moving average price is $25.38. Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05. The company has a market capitalization of $8.95 billion, a PE ratio of 20.87 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78.

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.