Bessemer Group Inc. Has $349,000 Stake in Interpublic Group of Companies, Inc. (The) $IPG

Bessemer Group Inc. trimmed its position in shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 13.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,214 shares of the business services provider’s stock after selling 2,235 shares during the period. Bessemer Group Inc.’s holdings in Interpublic Group of Companies were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group increased its holdings in Interpublic Group of Companies by 20.0% during the first 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 Trust Co. NA increased 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 buying an additional 485 shares during the last quarter. Private Wealth Asset Management LLC increased 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 during the last quarter. Ancora Advisors LLC acquired a new position in Interpublic Group of Companies during the first quarter worth $102,000. Finally, Richardson Financial Services Inc. increased its holdings in Interpublic Group of Companies by 18.7% during the first quarter. Richardson Financial Services Inc. now owns 4,136 shares of the business services provider’s stock worth $112,000 after buying an additional 651 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on IPG shares. Wall Street Zen upgraded shares of Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. UBS Group decreased their price objective on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Zacks Research downgraded shares of Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Barclays upped their price objective on shares of Interpublic Group of Companies from $27.50 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $32.27.

Interpublic Group of Companies Trading Down 0.2%

Shares of Interpublic Group of Companies stock opened at $25.65 on Monday. The firm has a 50-day moving average of $26.58 and a 200-day moving average of $25.36. The stock has a market cap of $9.40 billion, a PE ratio of 21.74 and a beta of 1.09. Interpublic Group of Companies, Inc. has a 52-week low of $22.51 and a 52-week high of $33.05. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07.

Interpublic Group of Companies 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.