Osaic Holdings Inc. Grows Position in Interpublic Group of Companies, Inc. (The) $IPG

Osaic Holdings Inc. grew its stake in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 308.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,837 shares of the business services provider’s stock after purchasing an additional 53,478 shares during the period. Osaic Holdings Inc.’s holdings in Interpublic Group of Companies were worth $1,880,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in IPG. Private Wealth Asset Management LLC boosted its holdings 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 buying an additional 400 shares in the last quarter. My Legacy Advisors LLC lifted its position in shares of Interpublic Group of Companies by 2.5% during the 2nd quarter. My Legacy Advisors LLC now owns 17,393 shares of the business services provider’s stock valued at $435,000 after acquiring an additional 431 shares during the period. Lynx Investment Advisory boosted its stake in shares of Interpublic Group of Companies by 4.1% during the 2nd quarter. Lynx Investment Advisory now owns 11,429 shares of the business services provider’s stock worth $280,000 after acquiring an additional 452 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Interpublic Group of Companies by 0.9% in the 2nd quarter. Yousif Capital Management LLC now owns 51,519 shares of the business services provider’s stock worth $1,261,000 after acquiring an additional 471 shares during the period. Finally, Private Trust Co. NA raised its holdings in Interpublic Group of Companies by 22.9% during the second quarter. Private Trust Co. NA now owns 2,606 shares of the business services provider’s stock worth $64,000 after purchasing an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on IPG shares. Zacks Research lowered Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Interpublic Group of Companies in a research report on Monday, November 24th. Finally, Barclays dropped their target price on shares of Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating for the company in a report on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $31.82.

Interpublic Group of Companies Trading Down 1.7%

Interpublic Group of Companies stock opened at $24.63 on Tuesday. The stock has a 50-day moving average price of $25.17 and a 200 day moving average price of $25.49. Interpublic Group of Companies, Inc. has a 52 week low of $22.51 and a 52 week high of $33.05. The stock has a market cap 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.

About Interpublic Group of Companies

Interpublic Group of Companies (NYSE: IPG) is a leading global provider of marketing solutions and communications services. Through its portfolio of agencies and specialized networks, IPG delivers a broad spectrum of services, including advertising, digital marketing, media planning and buying, public relations, branding, and data analytics. Its creative agencies develop integrated campaigns that span television, print, social media, mobile, experiential and other emerging channels, while its media networks leverage proprietary tools and strategic partnerships to optimize audience targeting and performance.

Since its formation in 1961 as one of the first marketing services holding companies, Interpublic has expanded through strategic acquisitions and organic growth to become one of the so-called “Big Four” advertising conglomerates.