Miller Howard Investments Inc. NY Sells 72,842 Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG)

Miller Howard Investments Inc. NY trimmed its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,700,854 shares of the business services provider’s stock after selling 72,842 shares during the period. Interpublic Group of Companies makes up about 1.6% of Miller Howard Investments Inc. NY’s holdings, making the stock its 23rd biggest holding. Miller Howard Investments Inc. NY’s holdings in Interpublic Group of Companies were worth $47,658,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. AMF Tjanstepension AB increased its holdings in shares of 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 worth $8,008,000 after purchasing an additional 104,514 shares in the last quarter. Czech National Bank increased its holdings 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 buying an additional 4,589 shares in the last quarter. GAMMA Investing LLC increased its holdings in Interpublic Group of Companies by 31.3% in the 3rd 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. UMB Bank n.a. lifted its stake in Interpublic Group of Companies by 54.0% during the 3rd quarter. UMB Bank n.a. now owns 15,522 shares of the business services provider’s stock valued at $491,000 after acquiring an additional 5,441 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Interpublic Group of Companies by 29.5% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 154,777 shares of the business services provider’s stock valued at $4,894,000 after acquiring an additional 35,300 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies Stock Down 0.9 %

Shares of NYSE IPG opened at $27.48 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50-day simple moving average of $28.56 and a two-hundred day simple moving average of $29.96. The Interpublic Group of Companies, Inc. has a 1 year low of $26.30 and a 1 year high of $35.17. The company has a market cap of $10.24 billion, a P/E ratio of 12.96 and a beta of 1.11.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IPG shares. BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Friday, January 10th. Macquarie restated a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and increased their target price for the company from $32.00 to $39.00 in a report on Monday, January 27th. Barclays upgraded Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $32.00 to $36.00 in a research note on Friday, January 24th. Finally, StockNews.com began coverage on shares of Interpublic Group of Companies in a report on Wednesday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.75.

Interpublic Group of Companies Company 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.