5 Best Advertising Agency Stocks to Buy

4. Interpublic Group of Companies Inc. (NYSE:IPG)

Number of Hedge Fund Holders: 28

Interpublic Group of Companies Inc. (NYSE:IPG) is a major advertising and marketing company. Interpublic Group of Companies Inc. (NYSE:IPG) has gained about 7% over the past 12 months. In March the BofA analyst Adrien de Saint Hilaire gave a Buy rating for Interpublic Group of Companies Inc. (NYSE:IPG) after the analyst met the company’s management. Following the meeting, the analyst felt “confident” that the current headwinds faced by Interpublic Group of Companies Inc. (NYSE:IPG) were “transient” and the weakness in tech/telecom segments should be “more than offset” by strengths in healthcare segment.

A total of 28 hedge funds tracked by Insider Monkey had stakes in Interpublic Group of Companies Inc. (NYSE:IPG) as of the end of the fourth quarter of 2022. The biggest stakeholder of Interpublic Group of Companies Inc. (NYSE:IPG) was Natixis Global Asset Management’s Harris Associates which owns a $471 million stake in the company.