Nisa Investment Advisors LLC Boosts Stock Position in Interpublic Group of Companies, Inc. (The) $IPG

Nisa Investment Advisors LLC increased its holdings in Interpublic Group of Companies, Inc. (The) (NYSE:IPG) by 201.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,152 shares of the business services provider’s stock after purchasing an additional 99,057 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Interpublic Group of Companies were worth $4,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of IPG. CYBER HORNET ETFs LLC bought a new stake in shares of Interpublic Group of Companies in the 2nd quarter worth approximately $25,000. Parkside Financial Bank & Trust boosted its holdings in Interpublic Group of Companies by 72.0% in the second 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 in the last quarter. Private Trust Co. NA increased its position in 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 valued at $64,000 after purchasing an additional 485 shares during the period. Assetmark Inc. raised its holdings in Interpublic Group of Companies by 54.1% in the 2nd quarter. Assetmark Inc. now owns 3,071 shares of the business services provider’s stock worth $75,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in shares of Interpublic Group of Companies in the 2nd quarter worth about $75,000. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $24.63 on Monday. The firm has a market cap of $8.95 billion, a P/E ratio of 20.87 and a beta of 1.12. Interpublic Group of Companies, Inc. has a twelve month low of $22.51 and a twelve month high of $33.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $24.80 and a 200 day moving average of $25.56.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IPG. Barclays reduced their price target on shares of Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating on the stock in a research report on Wednesday, November 12th. Zacks Research lowered Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Interpublic Group of Companies in a research note on Monday, November 24th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $30.28.

Interpublic Group of Companies 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.