Palouse Capital Management Inc. bought a new position in shares of Interpublic Group of Companies Inc (NYSE:IPG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 325,713 shares of the business services provider’s stock, valued at approximately $6,566,000. Interpublic Group of Companies comprises about 2.2% of Palouse Capital Management Inc.’s portfolio, making the stock its 11th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dupont Capital Management Corp grew its holdings in Interpublic Group of Companies by 129.8% during the 3rd quarter. Dupont Capital Management Corp now owns 129,522 shares of the business services provider’s stock worth $2,693,000 after acquiring an additional 73,155 shares during the last quarter. Swiss National Bank grew its holdings in Interpublic Group of Companies by 1.6% during the 3rd quarter. Swiss National Bank now owns 1,453,690 shares of the business services provider’s stock worth $30,222,000 after acquiring an additional 22,900 shares during the last quarter. Aurora Investment Counsel bought a new stake in Interpublic Group of Companies during the 4th quarter worth approximately $1,543,000. Wells Fargo & Company MN grew its holdings in Interpublic Group of Companies by 159.5% during the 3rd quarter. Wells Fargo & Company MN now owns 7,250,126 shares of the business services provider’s stock worth $150,730,000 after acquiring an additional 4,455,788 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new stake in Interpublic Group of Companies during the 3rd quarter worth approximately $1,559,000. 98.42% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies Inc (NYSE:IPG) opened at $20.98 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93. Interpublic Group of Companies Inc has a 1 year low of $18.30 and a 1 year high of $25.71. The stock has a market cap of $8,071.40, a price-to-earnings ratio of 14.57, a P/E/G ratio of 2.14 and a beta of 1.45.

In related news, Director H John Greeniaus sold 43,479 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.00, for a total transaction of $826,101.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.49% of the stock is owned by insiders.

IPG has been the topic of a number of research reports. Jefferies Group lowered shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. TheStreet downgraded shares of Interpublic Group of Companies from a “b-” rating to a “c+” rating in a research report on Wednesday, November 22nd. Macquarie downgraded shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada restated a “hold” rating on shares of Interpublic Group of Companies in a research report on Wednesday, October 25th. Finally, Argus downgraded shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $25.71.

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About Interpublic Group of Companies

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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Institutional Ownership by Quarter for Interpublic Group of Companies (NYSE:IPG)

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