First Citizens Bank & Trust Co. Sells 1,225 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

First Citizens Bank & Trust Co. cut its position in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,408 shares of the business services provider’s stock after selling 1,225 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Interpublic Group of Companies were worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Interpublic Group of Companies in the third quarter worth $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Interpublic Group of Companies in the 3rd quarter valued at about $32,000. Brooklyn Investment Group bought a new stake in shares of Interpublic Group of Companies during the 3rd quarter valued at about $60,000. Trust Co. of Vermont boosted its position in shares of Interpublic Group of Companies by 250.0% during the 3rd quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Interpublic Group of Companies by 31.8% during the third quarter. Raleigh Capital Management Inc. now owns 2,356 shares of the business services provider’s stock worth $75,000 after purchasing an additional 568 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IPG. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $32.00 to $39.00 in a research note on Monday. Macquarie reiterated a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $32.00 to $36.00 in a report on Friday. Finally, BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Interpublic Group of Companies currently has a consensus rating of “Hold” and a consensus target price of $33.75.

Interpublic Group of Companies Trading Up 2.6 %

NYSE IPG opened at $29.29 on Tuesday. The stock has a market cap of $10.91 billion, a P/E ratio of 13.81 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $35.17. The stock has a 50 day simple moving average of $28.76 and a two-hundred day simple moving average of $30.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09.

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.