Interpublic Group of Companies, Inc. (The) $IPG Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors lowered its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 16.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,538 shares of the business services provider’s stock after selling 2,799 shares during the quarter. Arkadios Wealth Advisors’ holdings in Interpublic Group of Companies were worth $356,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas acquired a new position in shares of Interpublic Group of Companies in the 1st quarter worth approximately $1,480,000. Sound Income Strategies LLC lifted its stake in Interpublic Group of Companies by 5.6% during the second quarter. Sound Income Strategies LLC now owns 457,333 shares of the business services provider’s stock worth $11,196,000 after purchasing an additional 24,258 shares during the last quarter. Shell Asset Management Co. boosted its holdings in Interpublic Group of Companies by 42.1% in the second quarter. Shell Asset Management Co. now owns 63,315 shares of the business services provider’s stock worth $1,550,000 after purchasing an additional 18,759 shares during the period. Goldman Sachs Group Inc. increased its stake in Interpublic Group of Companies by 49.0% during the first quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider’s stock valued at $231,138,000 after purchasing an additional 2,797,490 shares during the last quarter. Finally, Swedbank AB increased its stake in Interpublic Group of Companies by 10.6% during the first quarter. Swedbank AB now owns 680,466 shares of the business services provider’s stock valued at $18,481,000 after purchasing an additional 64,983 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IPG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Interpublic Group of Companies in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Zacks Research downgraded shares of Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. UBS Group decreased their target price on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Finally, Barclays raised their price target on shares of Interpublic Group of Companies from $27.50 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.27.

Interpublic Group of Companies Stock Performance

NYSE:IPG opened at $25.18 on Thursday. The firm has a market capitalization of $9.22 billion, a PE ratio of 21.34 and a beta of 1.12. The firm’s fifty day simple moving average is $26.47 and its 200 day simple moving average is $25.38. 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 1 year low of $22.51 and a 1 year high of $33.05.

About Interpublic Group of Companies

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.