Caxton Associates LLP Raises Stake in Interpublic Group of Companies, Inc. (The) $IPG

Caxton Associates LLP raised its position in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 226.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 313,202 shares of the business services provider’s stock after purchasing an additional 217,168 shares during the period. Caxton Associates LLP’s holdings in Interpublic Group of Companies were worth $7,667,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new position in shares of Interpublic Group of Companies during the second quarter worth $25,000. Parkside Financial Bank & Trust lifted its holdings in Interpublic Group of Companies by 72.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the business services provider’s stock worth $34,000 after buying an additional 585 shares during the last quarter. Brooklyn Investment Group boosted 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 acquiring an additional 391 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Interpublic Group of Companies by 22.9% in the 2nd quarter. Private Trust Co. NA now owns 2,606 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 485 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Interpublic Group of Companies by 54.1% during the 2nd quarter. Assetmark Inc. now owns 3,071 shares of the business services provider’s stock worth $75,000 after acquiring an additional 1,078 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IPG. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Interpublic Group of Companies in a report on Monday, November 24th. Barclays dropped their target price on shares of Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating on the stock in a research report on Wednesday, November 12th. Wall Street Zen raised shares of Interpublic Group of Companies to a “hold” rating in a research report on Saturday, August 16th. Finally, Zacks Research lowered 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 five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.82.

Interpublic Group of Companies Stock Down 1.7%

IPG stock opened at $24.63 on Friday. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 20.87 and a beta of 1.12. The company has a fifty day moving average price of $25.62 and a 200 day moving average price of $25.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. Interpublic Group of Companies, Inc. has a 12 month low of $22.51 and a 12 month high of $33.05.

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.