Interpublic Group of Companies, Inc. (The) $IPG Shares Bought by Osaic Holdings Inc.

Osaic Holdings Inc. grew its holdings in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 308.1% during the second quarter, HoldingsChannel reports. The firm owned 70,837 shares of the business services provider’s stock after purchasing an additional 53,478 shares during the quarter. Osaic Holdings Inc.’s holdings in Interpublic Group of Companies were worth $1,880,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in Interpublic Group of Companies in the second quarter valued at $25,000. Parkside Financial Bank & Trust increased its stake in shares of 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 valued at $34,000 after acquiring an additional 585 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Interpublic Group of Companies by 22.9% during the 2nd quarter. Private Trust Co. NA now owns 2,606 shares of the business services provider’s stock worth $64,000 after acquiring an additional 485 shares during the period. Assetmark Inc. boosted its position in shares of Interpublic Group of Companies by 54.1% in the second 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 during the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in shares of Interpublic Group of Companies in the second quarter worth approximately $75,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

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

Interpublic Group of Companies Stock Performance

NYSE:IPG opened at $24.63 on Tuesday. The firm’s fifty day simple moving average is $25.17 and its 200 day simple moving average is $25.49. 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, Inc. has a twelve month low of $22.51 and a twelve month high of $33.05. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 20.87 and a beta of 1.12.

Interpublic Group of Companies Company Profile

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.