Robeco Institutional Asset Management B.V. Buys 69,465 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Robeco Institutional Asset Management B.V. boosted its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 86.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 150,240 shares of the business services provider’s stock after acquiring an additional 69,465 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Interpublic Group of Companies were worth $4,210,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new position in shares of Interpublic Group of Companies during the 2nd quarter worth about $1,462,000. AMF Tjanstepension AB lifted its position in Interpublic Group of Companies by 70.3% in the 3rd quarter. AMF Tjanstepension AB now owns 253,172 shares of the business services provider’s stock valued at $8,008,000 after acquiring an additional 104,514 shares in the last quarter. Czech National Bank boosted its stake in Interpublic Group of Companies by 6.4% in the 3rd quarter. Czech National Bank now owns 76,511 shares of the business services provider’s stock worth $2,420,000 after purchasing an additional 4,589 shares during the period. Handelsbanken Fonder AB increased its holdings in Interpublic Group of Companies by 19.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 93,200 shares of the business services provider’s stock worth $2,948,000 after purchasing an additional 15,500 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Interpublic Group of Companies by 31.3% during the third quarter. GAMMA Investing LLC now owns 3,713 shares of the business services provider’s stock worth $117,000 after buying an additional 886 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

IPG has been the subject of a number of recent research reports. Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $36.00 in a research note on Friday, January 24th. Macquarie reissued a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Friday, January 10th. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. Finally, StockNews.com initiated coverage on shares of Interpublic Group of Companies in a report on Tuesday, January 28th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $33.75.

Interpublic Group of Companies Stock Down 0.1 %

Shares of IPG opened at $28.68 on Monday. The firm has a market cap of $10.68 billion, a P/E ratio of 13.53 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The Interpublic Group of Companies, Inc. has a 52 week low of $26.30 and a 52 week high of $35.17. The firm’s 50-day simple moving average is $28.80 and its 200 day simple moving average is $30.02.

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.