Swiss National Bank Increased Interpublic Group Cos (IPG) Holding; Brookfield Asset Management Inc. (BAM) Covered By 9 Bulls

January 16, 2018 - By Evgen Dobrzhanskiy

Swiss National Bank increased Interpublic Group Cos Inc (IPG) stake by 1.6% reported in 2017Q3 SEC filing. Swiss National Bank acquired 22,900 shares as Interpublic Group Cos Inc (IPG)’s stock declined 0.78%. The Swiss National Bank holds 1.45M shares with $30.22M value, up from 1.43M last quarter. Interpublic Group Cos Inc now has $8.55B valuation. The stock increased 1.22% or $0.26 during the last trading session, reaching $22. About 559,086 shares traded. The Interpublic Group of Companies, Inc. (NYSE:IPG) has risen 3.01% since January 16, 2017 and is uptrending. It has underperformed by 13.69% the S&P500.

Among 9 analysts covering Brookfield Asset Management Inc. (NYSE:BAM), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Brookfield Asset Management Inc. had 29 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Sector Outperform” rating by IBC on Friday, October 16. As per Wednesday, September 30, the company rating was upgraded by BMO Capital Markets. On Monday, August 17 the stock rating was upgraded by Zacks to “Sell”. RBC Capital Markets maintained it with “Buy” rating and $42 target in Tuesday, June 20 report. The stock of Brookfield Asset Management Inc. (NYSE:BAM) has “Buy” rating given on Friday, August 11 by Canaccord Genuity. The stock of Brookfield Asset Management Inc. (NYSE:BAM) earned “Top Pick” rating by RBC Capital Markets on Thursday, September 22. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, July 25 report. The rating was maintained by Wood on Monday, May 15 with “Buy”. Citigroup maintained the stock with “Buy” rating in Friday, November 10 report. Wood initiated Brookfield Asset Management Inc. (NYSE:BAM) on Tuesday, May 24 with “Outperform” rating. See Brookfield Asset Management Inc. (NYSE:BAM) latest ratings:

09/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $45.0 Maintain
09/11/2017 Broker: TD Securities Rating: Buy New Target: $52.0 Maintain
10/11/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $47.0 Maintain
10/11/2017 Broker: Citigroup Rating: Buy Old Target: $50 New Target: $49.5 Maintain
01/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $43.0 Maintain
02/10/2017 Broker: Canaccord Genuity Rating: Buy New Target: $47.0 Maintain
29/09/2017 Broker: TD Securities Rating: Buy New Target: $65.00 Target Up
26/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $43.0 Maintain
25/09/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $45.0 Maintain
15/08/2017 Broker: Citigroup Rating: Buy Old Target: $45 New Target: $48 Maintain

Brookfield Asset Management Inc. is a publicly owned asset management holding company. The company has market cap of $40.57 billion. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. It has a 93.34 P/E ratio. The Company’s property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services.

The stock increased 0.43% or $0.19 during the last trading session, reaching $42.94. About 160,825 shares traded. Brookfield Asset Management Inc. (NYSE:BAM) has risen 13.98% since January 16, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

Among 17 analysts covering Interpublic Group of Companies (NYSE:IPG), 11 have Buy rating, 2 Sell and 4 Hold. Therefore 65% are positive. Interpublic Group of Companies had 45 analyst reports since September 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by BMO Capital Markets on Thursday, July 13. Telsey Advisory Group maintained the shares of IPG in report on Monday, April 24 with “Outperform” rating. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, July 26. BMO Capital Markets maintained The Interpublic Group of Companies, Inc. (NYSE:IPG) on Monday, October 16 with “Buy” rating. The stock of The Interpublic Group of Companies, Inc. (NYSE:IPG) earned “Hold” rating by Pivotal Research on Wednesday, October 21. Credit Suisse initiated the stock with “Outperform” rating in Thursday, September 15 report. RBC Capital Markets maintained The Interpublic Group of Companies, Inc. (NYSE:IPG) rating on Monday, June 12. RBC Capital Markets has “Buy” rating and $2900 target. The rating was upgraded by Zacks on Monday, September 7 to “Buy”. Pivotal Research downgraded The Interpublic Group of Companies, Inc. (NYSE:IPG) on Thursday, January 12 to “Hold” rating. As per Monday, August 14, the company rating was upgraded by Pivotal Research.

Since August 21, 2017, it had 0 buys, and 1 sale for $410,000 activity. Shares for $410,000 were sold by Johnson Ellen Tobi on Monday, August 21.

Swiss National Bank decreased Kroger Co (NYSE:KR) stake by 41,300 shares to 3.38M valued at $67.89 million in 2017Q3. It also reduced Liberty Global Plc (NASDAQ:LBTYA) stake by 68,500 shares and now owns 809,578 shares. Magna Intl Inc (NYSE:MGA) was reduced too.

Investors sentiment increased to 1.19 in Q3 2017. Its up 0.19, from 1 in 2017Q2. It improved, as 58 investors sold IPG shares while 129 reduced holdings. 64 funds opened positions while 159 raised stakes. 382.86 million shares or 1.99% more from 375.40 million shares in 2017Q2 were reported. State Treasurer State Of Michigan reported 0.02% in The Interpublic Group of Companies, Inc. (NYSE:IPG). 1.52 million are owned by Parametric Assoc Limited Liability. Stephens Incorporated Ar has 0.17% invested in The Interpublic Group of Companies, Inc. (NYSE:IPG) for 221,506 shares. Reinhart Prtn holds 2.26% or 1.03M shares. Pacad Limited holds 0.14% or 31,200 shares. California State Teachers Retirement Sys holds 0.03% or 675,265 shares. Nuveen Asset Mngmt Lc reported 0% stake. Invesco owns 1.26M shares or 0.01% of their US portfolio. Metropolitan Life Insur Ny invested in 201,223 shares. The Alabama-based Retirement System Of Alabama has invested 0.02% in The Interpublic Group of Companies, Inc. (NYSE:IPG). Regions Fincl reported 12,475 shares. Aqr Limited holds 2.28 million shares. Los Angeles Cap Equity Research Incorporated has invested 0.03% of its portfolio in The Interpublic Group of Companies, Inc. (NYSE:IPG). New York State Common Retirement Fund owns 0.03% invested in The Interpublic Group of Companies, Inc. (NYSE:IPG) for 1.00M shares. New Mexico Educational Retirement Board has invested 0.04% in The Interpublic Group of Companies, Inc. (NYSE:IPG).

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