Cit Group (CIT) Holder Price Michael F Increased Stake by $833,000; Interpublic Group Cos (IPG) Stock Price Declined While Lombard Odier Asset Management Switzerland Sa Has Upped Holding

January 13, 2018 - By Winifred Garcia

Lombard Odier Asset Management Switzerland Sa increased its stake in Interpublic Group Cos Inc (IPG) by 191.21% based on its latest 2017Q3 regulatory filing with the SEC. Lombard Odier Asset Management Switzerland Sa bought 77,071 shares as the company’s stock declined 0.78% while stock markets rallied. The institutional investor held 117,378 shares of the technology company at the end of 2017Q3, valued at $2.44M, up from 40,307 at the end of the previous reported quarter. Lombard Odier Asset Management Switzerland Sa who had been investing in Interpublic Group Cos Inc for a number of months, seems to be bullish on the $8.45B market cap company. The stock increased 1.30% or $0.28 during the last trading session, reaching $21.74. About 8.05M shares traded or 29.61% up from the average. The Interpublic Group of Companies, Inc. (NYSE:IPG) has risen 3.01% since January 13, 2017 and is uptrending. It has underperformed by 13.69% the S&P500.

Michael Price increased its stake in Cit Group Inc. (CIT) by 3.25% based on its latest 2017Q3 regulatory filing with the SEC. Price Michael F bought 17,000 shares as the company’s stock rose 7.62% with the market. The hedge fund run by Michael Price held 540,000 shares of the consumer services company at the end of 2017Q3, valued at $26.49M, up from 523,000 at the end of the previous reported quarter. Price Michael F who had been investing in Cit Group Inc. for a number of months, seems to be bullish on the $6.98 billion market cap company. The stock increased 1.12% or $0.59 during the last trading session, reaching $53.21. About 734,147 shares traded. CIT Group Inc. (NYSE:CIT) has risen 46.21% since January 13, 2017 and is uptrending. It has outperformed by 29.51% the S&P500.

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. Old Mutual Customised Solutions (Proprietary) holds 12,972 shares. Gamco Investors Inc Et Al reported 3.89M shares. Nomura Asset Mgmt Ltd reported 0.02% in The Interpublic Group of Companies, Inc. (NYSE:IPG). Fisher Asset Mngmt Ltd holds 0.01% or 187,687 shares. Laurion Cap Management Lp holds 113,400 shares or 0.01% of its portfolio. Suntrust Banks reported 0.01% of its portfolio in The Interpublic Group of Companies, Inc. (NYSE:IPG). 23,226 are held by Amica Pension Fund Board Of Trustees. Mawer Investment Mgmt stated it has 2.09M shares. Retirement System Of Alabama has 190,798 shares. 43,703 are owned by State Of Alaska Department Of Revenue. 50,151 are held by Brown Advisory Inc. Shell Asset Management accumulated 72,200 shares or 0.02% of the stock. Hightower Limited Liability Corporation holds 15,827 shares. Shine Advisory Ser holds 0% in The Interpublic Group of Companies, Inc. (NYSE:IPG) or 425 shares. First Personal Financial, North Carolina-based fund reported 442 shares.

Since August 21, 2017, it had 0 insider buys, and 1 sale for $410,000 activity.

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 Monday, September 11. The company was upgraded on Friday, December 18 by Morgan Stanley. As per Thursday, January 12, the company rating was downgraded by Pivotal Research. The firm has “Hold” rating by RBC Capital Markets given on Friday, September 29. The stock of The Interpublic Group of Companies, Inc. (NYSE:IPG) has “Outperform” rating given on Wednesday, July 26 by BMO Capital Markets. Macquarie Research downgraded the stock to “Underperform” rating in Tuesday, January 2 report. On Thursday, October 22 the stock rating was maintained by Telsey Advisory Group with “Outperform”. The rating was downgraded by Argus Research to “Hold” on Tuesday, October 31. The stock has “Hold” rating by Jefferies on Wednesday, December 13. The stock of The Interpublic Group of Companies, Inc. (NYSE:IPG) has “Buy” rating given on Thursday, July 13 by RBC Capital Markets.

Lombard Odier Asset Management Switzerland Sa, which manages about $1.03B US Long portfolio, decreased its stake in Celgene Corp (NASDAQ:CELG) by 5,741 shares to 102,949 shares, valued at $15.01M in 2017Q3, according to the filing. It also reduced its holding in Allergan Plc by 22,354 shares in the quarter, leaving it with 51,645 shares, and cut its stake in Cboe Hldgs Inc (NASDAQ:CBOE).

Investors sentiment increased to 1.01 in 2017 Q3. Its up 0.67, from 0.34 in 2017Q2. It increased, as 23 investors sold CIT shares while 91 reduced holdings. 43 funds opened positions while 72 raised stakes. 134.52 million shares or 7.51% less from 145.43 million shares in 2017Q2 were reported. Ent Financial Service holds 328 shares. Parkside Commercial Bank & reported 32 shares stake. Bnp Paribas Arbitrage Sa reported 58,095 shares stake. 74,951 are held by Arizona State Retirement Systems. Mitsubishi Ufj Tru Corp has invested 0.03% in CIT Group Inc. (NYSE:CIT). Oppenheimer And Communications holds 10,719 shares or 0.01% of its portfolio. Alliancebernstein Limited Partnership holds 0% or 113,718 shares in its portfolio. Morgan Stanley holds 316,127 shares or 0% of its portfolio. Ubs Asset Americas accumulated 582,095 shares or 0.03% of the stock. Employees Retirement Sys Of Ohio holds 191,907 shares or 0.05% of its portfolio. Fny Managed Accounts Lc reported 0.04% stake. Aperio Limited Company owns 104,661 shares. Westpac has invested 0.01% in CIT Group Inc. (NYSE:CIT). Bluecrest Cap Limited holds 0.16% in CIT Group Inc. (NYSE:CIT) or 79,800 shares. Bnp Paribas Asset Sa, a France-based fund reported 6,713 shares.

Price Michael F, which manages about $722.19 million US Long portfolio, decreased its stake in Kaiser Aluminum Corp. (NASDAQ:KALU) by 124,773 shares to 61,827 shares, valued at $6.38 million in 2017Q3, according to the filing. It also reduced its holding in Boston Scientific Corp. (NYSE:BSX) by 215,800 shares in the quarter, leaving it with 284,200 shares, and cut its stake in Citizens Financial Group (NYSE:CFG).

Since August 11, 2017, it had 0 insider buys, and 2 sales for $162,688 activity. 1,460 shares valued at $65,700 were sold by Solk Steve on Friday, August 25.

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