BTIM Corp. Reduces Stake in Interpublic Group of Companies Inc (IPG)

BTIM Corp. lowered its stake in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 216,171 shares of the business services provider’s stock after selling 15,021 shares during the period. BTIM Corp.’s holdings in Interpublic Group of Companies were worth $4,358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. raised its holdings in shares of Interpublic Group of Companies by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 90 shares during the period. Sentry Investment Management LLC raised its holdings in shares of Interpublic Group of Companies by 1.1% during the second quarter. Sentry Investment Management LLC now owns 21,099 shares of the business services provider’s stock valued at $519,000 after purchasing an additional 225 shares during the period. Stifel Financial Corp raised its holdings in shares of Interpublic Group of Companies by 0.3% during the second quarter. Stifel Financial Corp now owns 108,288 shares of the business services provider’s stock valued at $2,661,000 after purchasing an additional 351 shares during the period. Thrivent Financial For Lutherans raised its holdings in shares of Interpublic Group of Companies by 2.6% during the second quarter. Thrivent Financial For Lutherans now owns 14,867 shares of the business services provider’s stock valued at $366,000 after purchasing an additional 380 shares during the period. Finally, 1st Global Advisors Inc. raised its holdings in shares of Interpublic Group of Companies by 19.6% during the second quarter. 1st Global Advisors Inc. now owns 9,774 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 1,599 shares during the period. Hedge funds and other institutional investors own 99.55% of the company’s stock.

Shares of Interpublic Group of Companies Inc (NYSE:IPG) opened at $21.77 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93. Interpublic Group of Companies Inc has a fifty-two week low of $18.30 and a fifty-two week high of $25.71. The firm has a market cap of $8,460.00, a PE ratio of 26.88, a P/E/G ratio of 2.27 and a beta of 1.47.

In related news, Director H John Greeniaus sold 43,479 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $19.00, for a total value of $826,101.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.49% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Interpublic Group of Companies to $23.00 and gave the company an “equal weight” rating in a report on Wednesday. ValuEngine lowered shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Bank of America lowered shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. Finally, Pivotal Research reiterated a “buy” rating and set a $23.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $25.71.

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About Interpublic Group of Companies

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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